The war has changed Ukraine’s real estate market.

From February 24 to December 12, Ukrainians sold 52,605 various real estate objects, which is a decrease of almost 80% compared to the same period in 2021. Residential real estate objects have occupied the largest share of sales. During the specified period, buyers purchased 47,023 apartments and residential buildings. This is an identical decline compared to the same period last year, noted the State Property Fund. Industrial real estate sales also fell significantly by 77% to 4,622 objects, commercial real estate by 81% to 502 objects, and administrative real estate by 87% to 458 objects. At the same time, the National Bank predicts long-term stagnation in the real estate market of Ukraine, which may lead to a housing supply shortage. So far, the activity of buyers on the market is almost zero, and prices do not correspond to reality, the NBU says.