Oleksandr Popov, the head of Kyiv City State Administration, says that from three to four years will be enough to provide victims of the Elita-Center housing fraud with flats on condition that the economy develops normally.
"We have many external circumstances here – from economic and political stability to the situation on the housing market. Under normal circumstances we forecast for Kyiv, I believe, it could be done in three or four years," he said in Kyiv on Tuesday while handing over the keys to new flats in a building at 5-b Pravdy Avenue in Kyiv allocated to the first 31 registered victims who suffered from the Elita-Center fraud.
Popov said he hopes that all the victims whose status was confirmed by courts will be provided with housing.
He did not rule out the possibility of allocating new plots of land for the construction of housing part of which will be transferred to the victims.
A massive scam was uncovered on the real estate market in Kyiv in 2006. About 1,759 citizens suffered from the Elita-Center Group whose representatives took money from the public as payment for housing that was not built.
The total sum stolen from the victims was estimated at about Hr 400 million.
