Kiev surprisingly vibrant, as Ukraine's house price decline slows
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The average price of apartments in Kiev's secondary market fell by only 2% to US$ 1,174 per square metre (sq. m.) during the year to March 2016. But this represents a massive 67.6% decline from the housing boom's September 2008 peak of US$3,627 per sq. m., based on figures from the S&V Development. Experts predict that house prices will continue to decline in 2016 due to low demand.
Yet surprisingly, inflation is down and Ukraine's economy is growing again. Despite the recent armed conflict, despite continued extensive government corruption, Ukraine is doing better than expected.
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