Real Estate

Thursday, July 17

Ukraine is moving closer to launching a large-scale housing reform.

Ukraine is moving closer to launching a large-scale housing reform. The Ukrainian Parliament approved in the first reading a bill, On the Basic Principles of Housing Policy, which initiates a major housing reform in Ukraine, said Olena Shulyak, the head of the Committ...

Tuesday, July 15

Since Ukraine’s agricultural land market was opened four years ago the cost per hectare in hryvnia has increased by 60%.

Since Ukraine’s agricultural land market was opened four years ago the cost per hectare in hryvnia has increased by 60%. During this period, Ukrainians have invested over ₴30B ($750M) in the purchase of agricultural land. Currently, the average price is ₴60,700 ($1,451) per hectare, which is 60% higher than at the marke...

Monday, July 14

CEB has allocated €300M to support Ukrainians who have lost their homes due to the war and to assist IDPs.

CEB has allocated €300M to support Ukrainians who have lost their homes due to the war and to assist IDPs. Additionally, the Council of Europe Development Bank (CEB) has provided Ukraine with a €100M loan under the HOME project, which will be used for compensation through housing certificates under the eRe...

Thursday, July 10

Housing construction costs in Ukraine have increased by 10-30% during the war, with end consumers comprising the majority of buyers.

Housing construction costs in Ukraine have increased by 10-30% during the war, with end consumers comprising the majority of buyers. Arseniy Nasikovsky, a partner at the DIM group of companies, mentioned during a business summit in Lviv that in Kyiv investor interest in the primary housing market has declined. Before the full-scale...

Wednesday, July 9

Despite a 70% rise in construction costs, investment in Ukraine’s housing sector is forecasted to grow by 15% annually.

Despite a 70% rise in construction costs, investment in Ukraine’s housing sector is forecasted to grow by 15% annually. Andriy Ozeychuk, head of the Rauta engineering and construction firm, noted that construction costs in Ukraine have increased by 70% since the full-scale war commenced. In 2024, expenses for building ...

Tuesday, July 8

Transcarpathia is emerging as a new commercial hub in Western Ukraine.

Transcarpathia is emerging as a new commercial hub in Western Ukraine. With the start of the full-scale war, Transcarpathia has become a key point for internal migration. Uzhhorod, owing to its proximity to EU countries and developed infrastructure, has become a center o...

Ukraine is facing its largest housing shortage in history, leading to significant changes in the eOselya state preferential mortgage program.

Ukraine is facing its largest housing shortage in history, leading to significant changes in the eOselya state preferential mortgage program. Over the next five years, the Ukrainian Financial Housing Company (Ukrfinzhytlo), which ensures the functioning of the mortgage lending market in Ukraine and introduces financial and credit mechanisms...

Monday, July 7

Ukraine’s European partners are prepared to invest $400M in a municipal rental housing project.

Ukraine’s European partners are prepared to invest $400M in a municipal rental housing project. The projects include building rental housing in the first 10 pilot regions, said Minister of Community and Territorial Development Oleksiy Kuleba. “We are negotiating this matter with the Europe...

Friday, July 4

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans.

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans. Throughout the two phases of the Housing for Internally Displaced Persons program, a total of 1,053 loans has been provided. The German government contributed €42.5M in funding and has untilized it co...

Kovalska will resume construction of a mixed-use business center in Kyiv that will include offices, apartments, and a hotel.

Kovalska will resume construction of a mixed-use business center in Kyiv that will include offices, apartments, and a hotel. A Ukrainian manufacturer and developer plans to restart building the NUVO complex on Zhylyanska Street next year, said company CEO Serhiy Pylypenko. He explained that before the war, Kovalska had been...

Thursday, July 3

Mortgage lending increased by 5% in April.

Mortgage lending increased by 5% in April. Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market...

Ukraine is establishing a municipal housing fund.

Ukraine is establishing a municipal housing fund. The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, interna...

Friday, June 27

Housing is becoming more expensive, and supply is decreasing: real estate market trends in 2025.

Housing is becoming more expensive, and supply is decreasing: real estate market trends in 2025. On average, in Ukraine the median selling price for an apartment has increased by 16% annually and is ₴2.3M ($55,200), according to a study. Meanwhile, the number of active ads home sales has dropped ...

Thursday, June 26

Commercial real estate in Ukraine faces war-related risks.

Commercial real estate in Ukraine faces war-related risks. In the retail sector, all activity indicators are improving with consumer activity and shopping center attendance rising. Trade turnover is growing, increasing income for shopping center landlords. Ad...

Tuesday, June 24

Ukrainians have changed their approach to buying apartments – real estate investments have become a “safety cushion”.

Ukrainians have changed their approach to buying apartments – real estate investments have become a “safety cushion”. In the realities of the war, a new type of buyer has emerged in the real estate market: Ukrainians from the east are buying housing in western Ukraine and leaving the apartments empty, in the event it...

Wednesday, June 18

A new housing initiative for internally displaced persons is being developed in Ukraine.

A new housing initiative for internally displaced persons is being developed in Ukraine. Ukrainian government representatives and the World Bank have discussed a new housing support program for internally displaced individuals. Presently, the HOPE housing repair project, jointly undertake...

Tuesday, June 17

Developers are abandoning new luxury housing projects in Ukraine: Sales have slumped, and prices in Kyiv have dropped by 30-50%.

Developers are abandoning new luxury housing projects in Ukraine: Sales have slumped, and prices in Kyiv have dropped by 30-50%. Sales of premium real estate in Ukraine have decreased by half. Prices for luxury apartments in Kyiv have also declined by 30-50%, while construction costs have risen, said Artur Mkhitaryan, CEO of th...

Tuesday, June 10

During the war in Ukraine, the construction of 600 new residential complexes has been initiated, but sales levels remain too low.

During the war in Ukraine, the construction of 600 new residential complexes has been initiated, but sales levels remain too low. Over more than three years of full-scale war, 594 new residential complexes have been launched in various regions of Ukraine. The highest number of construction sites is in the Lviv region (166), with...

Monday, June 9

May’s updates for Ukraine’s real estate market:

May’s updates for Ukraine’s real estate market: According to real estate analysts, four new buildings were completed in May – two in the Lviv region and one each in Kyiv and Zakarpattia. The highest percentage of completed properties was recorded i...

Friday, June 6

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development.

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development. Starting in 2025, the Ministry of Economy will start accepting applications for state support of industrial parks, through August 15. Last year, the government backed 15 parks with ₴1.1B, which funded...

City Capital Group is set to acquire a business center and shopping mall in downtown Kyiv for $100M.

City Capital Group is set to acquire a business center and shopping mall in downtown Kyiv for $100M. This Ukrainian investment and development firm, specializing in commercial real estate, is purchasing two prime properties in central Kyiv: the Leonardo business center’s first phase and the Ukr...

The demand for retail space in Ukrainian residential complexes is on the rise.

The demand for retail space in Ukrainian residential complexes is on the rise. This year has witnessed a revival in the demand for commercial real estate within these developments; however, in light of the ongoing war, increasing inflation, and economic recession, new trends hav...

Thursday, June 5

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased.

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased. Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the ci...

Friday, May 30

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents.

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents. According to Ukrainian developers, there is a critical shortage of warehouse space, particularly in the most active areas – the Kyiv and Lviv regions. The warehouse vacancy rate in the Kyiv region has...

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising.

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising. Yaroslav Burykh, a member of the Association of Real Estate Specialists of Ukraine, stated that, despite the full-scale conflict, demand for commercial real estate in Ukraine is increasing, with the h...

Tuesday, May 27

Growing demand and the arrival of foreign investors will shape the Ukrainian land market.

Growing demand and the arrival of foreign investors will shape the Ukrainian land market. Oleksandr Chornyi, co-founder of Zeminvest, stated that since the opening of Ukraine’s land market in 2021, land prices have demonstrated stable growth, even amid challenging conditions and a fu...

Friday, May 23

The Ukrainian land bank has been subleased a largest land plot to a private company.

The Ukrainian land bank has been subleased a largest land plot to a private company. The largest plot controlled by the State Land Bank, spanning 3,969 hectares in the Ustinivska community of the Kirovohrad region, has been subleased for 14 years with an annual payment of ₴78.6M ($1.9...

Tuesday, May 20

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M.

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M. The largest investment company in Ukraine currently holds approximately 600,000 square meters in its real estate portfolio, down from its peak of 800,000 square meters, said Tomasz Fiala, the founder ...

Thursday, May 15

Kyiv’s elite real estate market is beginning to recover after a prolonged downturn.

Kyiv’s elite real estate market is beginning to recover after a prolonged downturn. Since 2022, elite properties in Ukraine have undergone significant changes. The severe downturn at the onset of the war resulted in stagnation for several years. However, last year marked the first si...

Wednesday, May 14

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence In his infamous 2021 essay, “On the Historical Unity of Russians and Ukrainians”, published just 7 months before the full-scale invasion, President Putin insisted that the “true sovereignty of Ukraine...

Tuesday, May 13

Prices for agricultural land in different regions of Ukraine vary by more than 900%.

Prices for agricultural land in different regions of Ukraine vary by more than 900%. At the end of April, the average cost of a hectare of land in Ukraine was ₴86,655 ($2,090), which is over ₴32,000 ($772) higher than a month earlier (+59%). This marks the highest figure since the beg...

Friday, May 9

The war has raised the cost of a square meter of housing in Ukraine by 100%.

The war has raised the cost of a square meter of housing in Ukraine by 100%. Over the three years of the war, the cost of housing construction in Ukraine has increased by an average of 90-115%, depending on the housing class, and it continues to grow. The reasons lie not only ...

Thursday, May 8

Ukraine real estate developers will launch several shopping malls in Kyiv.

Ukraine real estate developers will launch several shopping malls in Kyiv. Next year, A Development will open two shopping complexes in Kyiv: The White Lines shopping mall and the A-Station passage. The White Lines shopping mall will open in early 2026, covering an area of 2...

Monday, May 5

Ukraine’s construction industry is recovering despite the war.

Ukraine’s construction industry is recovering despite the war. According to Trading Economics, in 2025 Ukraine’s construction sector shows signs of recovery and growth, despite the challenges posed by the consequences of hostilities and economic instability...

Friday, May 2

The Ukrainian hotel market is experiencing a revival, with regions exceeding pre-war occupancy and prices.

The Ukrainian hotel market is experiencing a revival, with regions exceeding pre-war occupancy and prices. According to hotel analytics service HotelMatrix, in the first quarter of 2025 the average daily rate (ADR) for Ukrainian hotels in major tourist regions showed record growth. Hotel prices in Kyiv con...

Thursday, May 1

Ukraine’s agreement with the EIB on social housing is expected to be signed by the end of the year.

Ukraine’s agreement with the EIB on social housing is expected to be signed by the end of the year. The European Investment Bank (EIB) is already evaluating a pilot social housing project in Ukraine. The signing of the initial financing agreement for the project could happen as early as this year, s...

Ukraine’s construction market is divided into three zones, each with its own trend for 2025.

Ukraine’s construction market is divided into three zones, each with its own trend for 2025. Experts indicate that development plans in the eastern and eastern central regions are currently very restrained. New projects are rarely launched; most activity is on projects that were initiated bef...

Wednesday, April 30

What is happening in the Ukrainian real estate market in 2025, and what prospects will emerge after the war?

What is happening in the Ukrainian real estate market in 2025, and what prospects will emerge after the war? The Ukrainian real estate market is currently showing signs of stabilization and gradual recovery. In the primary market, prices continue to rise, driven not only by demand but also by an increase in ...

A shopping and hotel complex spanning over 4,500 square meters is set to open in a resort town in the Lviv region.

A shopping and hotel complex spanning over 4,500 square meters is set to open in a resort town in the Lviv region. The new Park complex, featuring more than 4,500 square meters of space, will be located in Truskavets. Plans include several restaurants, a large grocery market, a spa, clothing and other household go...

Tuesday, April 29

After altering the terms of the preferential mortgage program to favor developers, loan issuance fell by 33%.

After altering the terms of the preferential mortgage program to favor developers, loan issuance fell by 33%. In February 2025, Ukrainian banks issued 516 mortgage loans totaling ₴926M, which is 7% higher than the mortgage lending volume in January. However, this amount is a third less than in February of las...

Thursday, April 24

Last year, warehouse operators in Kyiv began to refocus on large-scale transactions.

Last year, warehouse operators in Kyiv began to refocus on large-scale transactions. This year, warehouse space in Kyiv will increase by a record amount, which will help increase vacancy in the tight logistics market. Last year, the total supply of warehouse area in the capital grew b...

Wednesday, April 23

This year, the number of hotel rooms in Ukraine will increase by 1,400 rooms.

This year, the number of hotel rooms in Ukraine will increase by 1,400 rooms. According to EY Ukraine, the largest hotels that are scheduled for commissioning in 2025 are located in the safer regions of western Ukraine. Specifically, the Ivano-Frankivsk region will see the most...

Wednesday, April 16

Last year, a Ukrainian developer put over 500,000 square meters of new retail space into operation.

Last year, a Ukrainian developer put over 500,000 square meters of new retail space into operation. The total volume of construction work completed in Ukraine in 2024 rose by 15.5% compared to the previous year, reaching ₴204.7B, against a 25% increase in 2023. The non-residential construction secto...

Friday, April 11

In the first quarter, prices in Ukraine’s secondary residential real estate market increased across all regions.

In the first quarter, prices in Ukraine’s secondary residential real estate market increased across all regions. According to LUN, a real estate search engine, Kyiv fell to third place behind Uzhhorod in the one-room apartment segment, where the average cost of a one-room apartment rose by 16% over six months, r...

Wednesday, April 2

Ukraine has lost about 13% of its housing stock due to the war; restoration efforts are underway.

Ukraine has lost about 13% of its housing stock due to the war; restoration efforts are underway. Following the full-scale invasion of Ukraine by the Russian Federation, approximately 13% of Ukraine’s housing stock was destroyed, as stated by Deputy Minister of Development Natalia Kozlovska....

Wednesday, March 26

Office rental prices in Kyiv continue to decline.

Office rental prices in Kyiv continue to decline. Rental rates in Kyiv’s business centers have been falling during the first months of 2025. This trend occurs amid increasing pressures on tenants. In August of last year, rent for class A facili...

Monday, March 24

Ukraine aims to earn ₴1B from leasing state land this year.

Ukraine aims to earn ₴1B from leasing state land this year. The State Land Bank has included 2,479 plots of land, valued at an estimated ₴1B ($23M), in a second pool, as reported by the State Property Fund. This represents 206,382 hectares of land across 23 re...

An American fund plans to build housing for displaced individuals in 20 Ukrainian communities.

An American fund plans to build housing for displaced individuals in 20 Ukrainian communities. The Charity Hansen Ukrainian Mission, established by American philanthropist Dell Loy Hansen, plans to construct 10,000 apartments for internally displaced individuals in 20 communities throughout Ukr...

Wednesday, March 19

Developers in Kyiv prefer to build business-class housing, while budget residential complexes are built in the suburbs.

Developers in Kyiv prefer to build business-class housing, while budget residential complexes are built in the suburbs. During the last three years of war, construction costs in Kyiv have increased by 16% annually, according to average annual indicators of the indirect cost of housing construction in Ukraine. It is not...

Tuesday, March 18

Plans for the construction of industrial facilities in Ukraine have surpassed pre-war levels.

Plans for the construction of industrial facilities in Ukraine have surpassed pre-war levels. Due to the full-scale war, industrial construction in Ukraine has predictably declined, with nearly 500 large and medium-sized enterprises seriously damaged or destroyed. However, in the relatively sa...

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