Ukraine’s property market has been in crisis since 2008. GDP collapsed in 2009, falling 14%, and the country has suffered a fiscal crisis, somewhat relieved by a massive IMF bailout. Transactions have plunged, construction is almost at a standstill. By March 2010 Kyiv house prices haddropped 40.5% from their August 2008 peak, to Hr 2,516 (US$ 317.3) per sq. m. (from peak prices of Hr 4,227 (US$ 533) per sq. m. In the first quarter of 2010 house prices were still falling, though the rate of decline has been decelerating. Read the story here.
