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November of last year was the turning point for the prices of land in Kyiv suburbs. Since then, prices have dropped by 43 percent in Kyiv region, and by half immediately outside Kyiv. But experts say land prices will continue to slide by 5-10 percent every month at leat until September, according to Delo newspaper.

Serhiy Kostetskiy, analyst from SV Development, says the slide reflects the economic recession, The number of potential buyers who considered living in suburbs reduced by tens of times, while those sought quick gains from resale are no longer interested because of devaluation of this asset.

As a result, the demand dropped radically: while the number of land plots suitable for residential construction on offer is estimated at 15,000, the number of deals stood at around 300.

Losing the most value are plots in Vasylkiv, Vyshgorod, Obukhiv, Brovary and Boryspil areas (between 43 and 52 percent). Land in Kyiv-Svyatoshino, Makariv, Baryshevka and Borodyanka areas has lost a third of its former estimated value. Currently most popular with buyers are Kyiv-Svyatoshino, Boryspil and Brovary areas. The smallest number of deals is registered in Obukhiv area.

According to SV Development, the main factors in choosing land plots are closeness to Kyiv and good access by road. They are also interested in communications and closeness to a river, a lake or a forest. The least important factor is access to social infrastructure such as kindergartens and schools.

As the number of offers continues to grow, prices in Kyiv region will get down to $ 15-30,000 per 10-20 sotkas, or a hundredth of a hectare, experts predicted.