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Competition among developers drives down real estate prices in Kiev
Journal Staff Report

KIEV, July 28 Massive competition among developers in Kiev city and region may result in dumping and the reduction of average prices on the primary real estate market in 2017, NAI Ukraine CEO Vitaliy Boyko said.

"Tougher and tougher competition among developers is seen I think that some projects would face problems with sales. These problems could be resolved only by the price, and some poor quality projects would have to use dumping. This could influence average price, as there are still many such projects on the market. The share of high quality projects is small," Boyko said at a press conference in Kyiv on Thursday.




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