The real estate market in Ukraine is growing despite the war: where prices have soared by 33%.
Real estate shows resilience even in challenging conditions such as martial law and economic difficulties. Demand for housing remains high and is even increasing in some market segments, particularly in the 'economy' and 'comfort' categories.
The rental segment is the most active, with the time to rent apartments in Kyiv reduced to 6 days. Purchases on the secondary market have almost fully recovered after a certain decline during the pandemic.
'Those who were waiting for a drop in prices for new buildings will have to wait a little longer'
Changes in housing prices in the primary and secondary markets
Over the past 6-12 months, housing prices have increased in almost all regions. On the secondary market, the average increase is about 5%, while in some cities, such as Rivne, this figure reaches 23% per year. The primary market is led by Kropyvnytskyi, where prices have risen by 33%.
Even with a cautious approach, forecasts remain optimistic. A market stabilization and moderate growth are expected, considering external circumstances.
Where in Ukraine are the highest and lowest housing prices
The highest prices for buying and renting housing are observed in Kyiv, Lviv, and Uzhhorod. In Lviv, the highest prices are for one-room apartments, while in Kyiv they are for larger spaces. In regions bordering the conflict, such as Kherson, Mykolaiv, Sumy, Zaporizhzhia, and Kharkiv, prices remain the lowest.
Despite challenges such as military threats and economic difficulties, the real estate market in Ukraine continues to demonstrate stability. Increased demand and prices for housing indicate a certain optimism among consumers, and future forecasts remain positive, predicting further growth and stabilization.Read also
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