Ukraine’s unexpected rise in house prices, amidst economic slowdown and political tension
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House prices in Kiev, Ukraine’s capital, rose sharply during the year to April 2012. But market experts doubt this can be sustained, with the economy slowing, and a political crisis over the incarceration of former prime minister Yulia Tymoshenko.
The average price of apartments in Kiev was up 28.9% from last year to US$2,970 per square metre (sq. m.), but still down 30% from the housing boom’s price peak in August 2008, according to Blagovest.
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