Kyiv sees 6.06% decline in housing prices in past year

At the same time, Desniansky district offered apartments with the lowest price, being $722 per square meter on the average, while Pechersk was the most expensive district in terms of housing, with an average selling price set at $1,396 per square meter, it said.

The fall in prices of apartments on the secondary market was observed in all of Kyiv's districts. Prices of apartments in Dniprovsky district dropped most (by 7.24%, to $820 per square meter), and the least decline was recorded in Podilsky district (by 4.44%, to $905 per square meter).

Read alsoKyiv sees price hikes for housingMeanwhile, the average price of one-, two-, and three-room apartments on Kyiv's secondary market over the period under review fell by 5.97%, to $1,087 per square meter, SV Development said.

In particular, Darnytsia district offered apartments with the lowest price, being $819 per square meter on the average, while Pechersk was the most expensive district in terms of housing, with an average selling price set at $1,684 per square meter.

The drop in prices of apartments on the secondary market was observed in all districts in Kyiv. Prices of apartments fell most in Darnytsia district (by 8.8%, to $819 per square meter), and the least decline was recorded in Shevchenkivsky and Pechersk districts, by 4.29% (to $1,384 per square meter) and by 4.75% (to $1,684 per square meter), respectively.

Read alsoExperts outline trends on Ukraine's real estate market in 2018 – mediaAs UNIAN reported earlier, the average price of one-, two-, and three-room apartments on Kyiv's primary market from January 20, 2017, to July 19, 2017, fell by 3.37%, or $37, to $1,004 per square meter.

Further, the average price of one-, two-, and three-room apartments on capital's secondary market over the said period slid by 3.2%, to $1,118 per square meter.

UNIAN memo. SV Development is a consulting company specializing in the valuation and sale of land, residential property, and cottage towns. It has been operating on Ukraine' real estate market since 2005.

SV Realty agency is part of SV Development.