Till the end of the year housing on the secondary market of the capital fall in price by 4-5%. This was reported by the head of Intelligence Committee, the Union of Professional Real Estate Ukraine Vsevolod Zhogolev.

"Prices continue to fall gradually, because the demand for apartments is very low. Proposal is a huge. Owners of apartments in order to catch a buyer who has not been seen in the eye, continue this decrease. I think that this year, just before autumn, if any financial disasters will not happen, we will fix a gradual decline in prices.", - said Mr. Zhogolev.

According to him, since the beginning of 2011 the average cost of housing in the "secondary housing in Kyiv has already dropped to 1.85% - up to 1813 USD/sq.m., overcome the minimum observed in April 2009 after the crisis downturn in housing prices (1823 USD/sq.m.). Moreover, as noted by Vsevolod Zhogolev, real estate prices have to come to an adequate rate, a rise in house prices will not help restore the market and will only lead to a new wave of crisis in the market. The expert expressed his confidence that today the market value of housing in Kiev should be 1700-1750 USD/sq.m. However, the cost of the Kiev real estate continues to be excessively high.