12:18 04.04.2012

Housing prices in Kyiv up almost 2% in Q1, 2012, regions show multidirectional pace, say experts

Kyiv, April 4 (Interfax-Ukraine) – The average housing price in Kyiv in January-March 2012 grew by 1.64%, to $1,853.80 per square meter, and the largest growth was seen in January, while in February and March the prices remain stable, Chairman of the Committee for Analysis at the Union of Realtors of Ukraine, Vsevolod Zhoholev, has said.

"In January, apartment prices grew by some 1.5%. Cheap apartments were bought, and a technical rise in the prices was seen. In January and February there were almost no deals on the market, and this was a normal situation. Nevertheless, sellers did not reduce prices. Prices grew by 1.64% in a quarter," Zhoholev said at a press conference at Interfax-Ukraine on Tuesday.

The Union of Realtors of Ukraine and Kyiv said that the average price of a one-room apartment in blocks in Kyiv as of March 30, 2012 came to $54,130, the price of a standard one-room apartment was $71,380, that for a two-room apartment - $99,090 and for a three-room apartment - $128,940.

Commenting on housing property in Ukrainian regions, the president of the Union of Realtors of Ukraine, Oleksandr Rubanov, said that a trend of apartment exchanges with additional payments was seen in Khmelnytsky.

He said that the average housing price in Dnipropetrovsk in the first quarter of 2012 grew by 1.9%, to $950 per square meter, that for Lviv – by 10%, to $1,400 per square meter and that for Odesa – by 3-4%, to $1,450 per square meter.

The largest fall in housing prices in the period was seen in Lutsk (around 10%), where in winter some realtor companies had to stop operations due to the absence of deals. Housing prices in Donetsk over the period fell by 1%, to $1,100 per square meter, while in Zaporizhia the price almost did not change, being at $760 per square meter.

Rubanov also expressed hope that in the near term the number of calls to real estate agencies will turn into deals in the near future. The average price in the city in the first quarter of 2012 grew by 6%, to $1,450 per square meter.

"We hope that Crimea will show an upward pace, and maybe the recovery will start from Crimea," he added.

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