The price of real estate on the primary market is rising despite low demand.

Tuesday, October 29, 2024
The price of real estate on the primary market is rising despite low demand.

The key problem of the primary real estate market is the drop in demand: Ukrainians postpone the purchase of housing until victory if there is no extreme need for it. Also, buyers now prefer the secondary market or almost completed housing. Despite this, the price of primary housing has increased in almost every region of Ukraine over the past six months. Also, the pace of putting housing into operation increased by 50%.

Lviv remains the most expensive city in the country. Over the past six months, the price per square meter there has increased by 6%, and today, it averages ₴57,000 ($1,378) per square meter. In Kyiv, the price increase was 10%, with the median price per square meter being ₴54,000 ($1,306).

Uzhhorod showed the largest price increase – 13%, up to ₴49,000 ($1,185). During the war, the population in Uzhhorod increased by 35%. This was the reason for the construction boom and the sharp price increase.

 

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
A threat to the European Peace Facility: EU countries' positions on bypassing Hungary's veto are divided.

A threat to the European Peace Facility: EU countries' positions on bypassing Hungary's veto are divided.

Next post
Ukraine must stop the accumulation of debts in green energy payments because it harms investment.

Ukraine must stop the accumulation of debts in green energy payments because it harms investment.

Previous Main Topics