KIEV, Oct. 19 – The Ukrainian real estate market in August 2009 hit bottom and the situation in the fourth quarter is beginning to stabilize, which could lay the grounds for the growth of real estate prices next year, forecasts President of the Association of Realtors of Ukraine Andriy Shulha.

"August was the month when the real estate market hit the bottom. We noticed stabilization and even a slight rise in all the sectors in October 2009 compared to September 2009. We're pinning hopes on the beginning of 2010, i.e. the stabilization seen in the fourth quarter of 2009 might turn to full growth in 2010," he told reporters at a press conference at Interfax-Ukraine in Kiev on Monday.