Monday, 2 May 2011

American-style suburban developments spring up

Suburban bliss can come as cheaply as an $180,000 loan with 15 percent interest rate.

Walking on a Saturday morning through Green Hills, a suburban residential neighborhood under development a few kilometers outside of Kyiv, you meet lots of young families with small kids.

Not all of them live here. Some just invested in the construction of houses, worth at least $180,000, and are now coming every weekend to check the building progress.

In contrast to some apartment buildings in Kyiv where neighbors rarely talk to each other, homeowners in this development are already starting to behave like American community dwellers.

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