For 2008prices for property in Ukraine fell to record minimum. The champions are: Lvov – 22% from the beginning of the year, Kiev – 20%, Donetsk – 14%, Kharkov – 9%. These data were given by Institute Privatization Managing of property and investments.

This situation on the market is because of credit crunch, banks bankruptcy, and lack of money and stop of constructions. According to the experts Kiev could not reach last year level when it was place in commission 114 million sq. ft. of residential property.

As to predictions of Institute of Privatization the total bulk of construction in Kiev will not increase 8 million sq. ft.

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