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Monday, December 25, 2006

Kiev passed out East Europe on the residential real estate cost

Now, rising residential prices at Kiev is passed many capitals of East Europe, such as Warsaw, Vilnius, Tallin, Riga and even Saint-Petersburg. Substantial gap remains from Moscow, where average price exceeded $4 thousands per 1 sq. m.

Annual demand at the Kiev real estate market makes more than 20 000 flats. The basic demand is formed due to well-off people and visitors which during the last three years annually fill up Kiev on K 55-60 persons.

Experts say average month proposition is 3 500-4 000 flats for sale. Offers at the used flat market almost in 4 times more than on new ones.