Ukrainian housing since the 2000s fell three times

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www.vsyako.netPhoto: Valentyn Ogirenko / Reuters

Since 2008 the value of residential property in Kyiv fell by more than three times — from 3.6 thousand to 1 thousand dollars per square meter. On it informs portal Global Property Guide, citing data from S&V Development.

According to analysts, housing prices in Ukraine fell for the past six years — primarily due to military conflict in the East of the country and devaluation of the national currency. Currently, the cost of the “square” in Kiev on 76 percent below their peak, recorded 12 years ago in the late 2000s.

However, according to the observations of experts, the Ukrainian housing market is already showing signs of recovery in the first quarter of 2020 housing in the capital fell minimally to 2.74 percent in annual terms. Compared with the figure for the previous quarter, the value of property had increased (1.25 percent). The average square meter in Kiev is 2.8 thousand euros (218 thousand), analysts estimated.

Earlier in June it became known that the Ukrainian government plans to reduce mortgage rates to 5-7 percent per annum. This was stated by Prime-Minister Denis Shmyhal.

Video, photo All from Russia.

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