The average price of secondary property for sale in the capital from December 25, 2009 to January 15, 2010, increased by 4.5% to USD2,177 per m2, according to a press release of the Ukrainian Trade Guild (UTG, Kyiv) referring to a study of the Kyiv property market.

According to experts reports from the company, the reason for the increase was the commissioning of expensive flats in new residential buildings.

"The growth in average prices on the secondary property market, in spite of the decrease in housing prices in residential territories, is linked to the growth of housing prices in Kyiv's prestigious districts. It was caused by a transfer of primary property areas to the secondary market," the experts noted.

According to the company, the average price of primary real estate in the Ukrainian capital in the period under review grew by 0.9% and was USD1,900 per m2.

The UTG index that shows the correlation of average prices on the primary and secondary property markets and the same indicators for the previous year, increased by 5%, or 19 percentage points when calculated by the company for the Kyiv property market from December 25, 2009 to January 17, 2010.

The UTG was founded in 2001. The company proposes a full range of services that allow it to realize all stages of a development project. The company deals with trade, office, industrial, warehouse, residential and out-of-town housing property.