KIEV, Aug. 12 – Prices for commercial real estate in Kiev, due to the current situation on the bank crediting market, may fall by 10-12% by late 2008, Valentyn Vechersky, the head of the department of commercial real estate in Traektoria Ltd. (Kiev), told Interfax-Ukraine.

"If the situation in the banking sphere does not change, and according to all forecasts it will not change, we will observe a slowdown on the market and a decrease in real estate prices by October. We forecast a 10-12% decrease in prices on the market of commercial real estate by late 2008," he said.