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Sunday, March 18, 2007

Antimonopoly Committee will check the real estate prices

The Antimonopoly Committee of Ukraine (AMCU) intends to check grounds for prices of Kyiv construction companies they set on the new housing market. AMCU chairman Oleksii Kostusev disclosed this in a statement in the Business weekly. He said that currently, regional constructors are being checked.

«Housing construction markets are regional markets. In this, we have started checks at regions,» Kostusev said.

He also said that currently, construction market has no competitiveness between the companies, as the situation can be influenced only by large construction companies.

«We have facts to say that large construction companies have real market power. As the result, there is no full competitiveness on the market,» Kostusev said.