Ukrainians invest in newly built real estate in anticipation of rising prices.

Tuesday, October 15, 2024
Ukrainians invest in newly built real estate in anticipation of rising prices.

Considering that in 2025 the expected inflation rate will be almost 10%, and the dollar exchange rate will reach ₴45/$1, the cost of new construction next year may increase by at least 10-15% in hryvnia terms. At the same time, these figures do not consider the increase in the price of building materials and construction and installation operations. Therefore, the actual cost of a square meter may increase by an average of 20-25%, as forecasted by one construction company.

It is noted that, as of the beginning of October, 40% of transactions are purely investment purchases of housing in the primary market, and by the end of the year, this indicator may increase to 45-50%. Moreover, buyers are beginning to invest more actively in residential complexes at the start of construction, comprising up to 10% of total sales.

The construction company drew attention to the advantages of investing in housing given that bank deposits will lose their attractiveness after the increase in the military levy. Investing in residential properties at the start of construction allows for a 40% profit simply due to price increases during the construction process.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Zelenskyy visited Germany, Italy, France, and Britain to present his Victory Plan.

Zelenskyy visited Germany, Italy, France, and Britain to present his Victory Plan.

Next post
The shortage of new workers in Ukraine will reach 5-10 million people by 2030: Experts advise how to overcome this challenge.

The shortage of new workers in Ukraine will reach 5-10 million people by 2030: Experts advise how to overcome this challenge.

Previous Main Topics