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You're reading: Expert: Housing prices in Kyiv reach 2009 level after large correction
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"In 2011, housing prices in Kyiv fell by 1.25% on average. The fall was uneven. In the first half of the year the prices were considerably falling and by August were down by 4% on average. In August… people started investing in property, and a slight splash was seen, which continued from August to October and forced prices to grow by some 3%. However, from October the situation calmed down and today we see a stable level. A fall in activity is seen. Today, property prices are similar to those registered in 2009 after a large correction," Zhoholev said at a press conference at Interfax-Ukraine in Kyiv on Monday.

Zhoholev also said that demand has reoriented to the segment of large, quality property, in particular, in September-October demand for two- and three-room apartments was seen.

He said that currently the average price of a one-room apartment in Kyiv is $71,000, that for an apartment for small families – $52,000, a two-room apartment – $98,000 and a three-room apartment – $125,000.

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