KIEV, Oct. 10 – The Ukrainian real estate market is more stable under the current crisis conditions than the Russian market, according to Lev Partskhaladze, chairman of the Ukrainian Construction Association and the board chairman of Kiev-based XXI Century Developing Company.

"We are three or four years younger than the Russian market in terms of development, and today we're more conservative today and our construction volumes are less than Russian companies, which have many uncompleted objects and many financial credit and investment commitments," the association's press service reported, referring to Partskhaladze.