The main Ukraine’s housing price pusher is the bank loans. In 2007, their volume has grown by 21.4 pct (EUR 3 bln) despite the Ukrainian interest rates exceed European at least twice.

In 2006, the Kyiv housing prices have grown up by 60 pct to USD 2,302 per square meter. Thus, housing in Kyiv became more expensive than in Brussels (by 40 pct), Helsinki, Berlin, and Vienne.

At the same time, the size of GDP per citizen in Europe exceeds Ukrainian 13-15 times.

The average mortgage rate in Italy and Spain comprise 5 pct, while in Ukraine it totals about 12 pct.

The source: Rynok.biz