The leader of located in Kyiv Planeta Group and head of the Lytvyn Bloc faction in the capital council, Valery Moshensky, reported that the price of economy class apartments in Kyiv at 900-1000 USD is appropriate, he noted in an interview with the Vlast Deheg weekly.

"At present, the price of building materials has fallen down. A price of 700 USD per square meter is real if there is no payment of bribes and no transfer of some of the flats to the city," he added.

He admitted that adding in the constructor's profits of 15% and a profit of the company-customer and interest rates on credits, the price of one m2 reaches 900-1000 USD.

"A price of 900-1000 USD is a proper price, if we don't take into account extra profits for the business and premium classes that are actually unreal in Kyiv," he added.

CJSC Planeta-Bud was founded in 1998. It is a part of Planeta group companies in Kyiv. It is an operator on the building and maintenance market.

Over the last five years, the company has designed and carried out reconstruction the building of the Ministry of Transport of Ukraine, the House of Art Collectives in Ukraine, the railway terminal in Kyiv, railway stations in Bakhmach, Dnipropetrovsk, Mohylev-Podilsky, and has built an office center for the Kyivstar GSM Company.