The average price of one square meter on the primary real estate market in Kyiv denominated in the U.S. dollars from January 1 to February 1 2009 fell by 18.3%, while on the secondary market – by 25.5%.
“Low purchase power, the rapid stenthening of the foreign currency, large demand on the housing market – everything provoked a fall in the prices of square meters,” the head of the apartment sales department at Kyiv-based Trayektoria Ltd., Oleksandra Onischuk, said.
She said that the largest fall in the price of one square meter on the primary market in Kyiv was registered in Darnytsky District (26%), Obolonsky District (21.9%), Perchersky District (20.75%) and Holosiyivsky District (20%).
The largest fall in the prices on the secondary market in Kyiv was seen in Darnytsky District (33.3%), Solomiansky District (29.5%) and Desniansky District (28.6%).
Onischuk also said that the prices in Kyiv were plunging from January 12 to January 23, while during the last week of the month the fall stopped.
Market experts said that discounts of vendors during the signing of real deals today reached 50%.
Trayektoria group was created in 2002. The group’s core business is intermediary services on the real estate market, investment and developing activities, and transactions on the stock and financial markets.
