The second stage of land reform has had the opposite of the intended effect: businesses are not buying but selling hectares. Beginning in January 2024, the Ukrainian land market is open to legal entities. Companies now can purchase up to 10,000 hectares of land officially. However, companies that already own many plots are ... #AgroLand #agroUkraine #LandMarketUkraine #LandReform #LandSalesUkraine #Svitanok
Dragon Capital continues its investment in Ukrainian commercial real estate this year. Dragon Capital Property Management invested about $10M in its real estate portfolio in 2023 and plans to do the same in 2024, the company’s top manager, Nataliya Kravets, said. In the fall of 20... #CommercialRealEstate #DragonCapital #investments #InvestmentsinUkraine #NataliyaKravets
The war has changed Ukrainians’ criteria for housing purchases. The war has affected the perception of housing value in both the primary and secondary markets, and for both purchase and rent. Factors such as physical security and mass migration have become decisiv... #HousingMarketUkraine #HousingsalesUkraine #RealEstateUkraine
Businesses have entered the land market, buying 68 plots. Since the beginning of the year, when the second stage of land market reform began, legal entities have already purchased 68 plots, the Ministry of Agricultural Policy reported. We note that that the ... #AgroLand #agroUkraine #FarmLandSale #LandMarketUkraine
The cost of construction in Ukraine has increased by 20% over the year. This will increase prices in 2024, Greenville Kyiv top manager Susanna Karakhanyan said. However, according to her, the growth will be small because developers are trying to maintain demand. So, for e... #ConstructionUkraine #HousingConstruction #HousingsalesUkraine #RealEstateUkraine
Real estate developers are reorienting their businesses to the regions. According to the director of Intergal-Bud, the company had a sales boom in Chernivtsi in 2022. In 2023, the company raised prices for apartments in its facilities in Chernivtsi, and sales plans were e... #ConstructionUkraine #DeCostaGroup #HousingConstruction #IntergalBud #RealEstateUkraine
In Ukraine, three more industrial parks have been registered with a total investment of about ₴1B. The Krasyliv Technoport Park, which will specialize in metalworking and manufacturing metal products, was added to the industrial park register. Polish, German, and Turkish investors plan to invest at... #Formatsia #IndustrialParksUkraine #InvestmentsinUkraine
The NBU obeserves recovery in the Ukrainian real estate market; companies are building and commissioning new housing. The real estate market is slowly recovering – demand is picking up, primarily in the secondary market. At the same time, the demand for rental properties has increased, and the volume of subsidi... #DIMgroup #HousingConstruction #MortgagesUkraine #nbu #RealEstateUkraine
New housing construction in Ukraine decreased by 39%. According to the State Statistics Service, the total area of residential buildings for which construction permits have been issued (new construction) decreased by 39% in the nine months of the year co... #ConstructionUkraine #HousingConstruction #RealEstateUkraine
Banks have broken a mortgage record since the beginning of the war. Ukrainian banks issued 826 mortgage loans worth ₴1.3 billion in October, 1.6% more by the number of loans and 6.8% more in amount than in September, according to a monthly survey of banks. “The ... #eOselya #MortgageProgram #MortgagesUkraine #nbu
The volume of completed construction works increased by almost 21% this year. The index of completed construction works in Ukraine increased by 20.4% in January-September compared to last year. The volume of completed construction works during this period in monetary terms reac... #ConstructionUkraine #UkraineEconomy #UkraineReconstruction #UkraineRecovery
Industry analysts sum up 2023’s results from the Ukrainian real estate market. With the end of winter blackouts, interest in buying apartments in 2023 is stable and at 70-80% of pre-war indicators. The prices of apartments on the secondary market in regions far from the front ar... #ApartmentUkraine #HousingMarketUkraine #RealEstateUkraine
Construction of the largest industrial park in western Ukraine is starting in Lviv. Lviv authorities have signed land lease agreements in the Sygnivka industrial zone with the Formatsia Sygnivka management company, which is part of the Alterra Group. The first buildings, with an area... #AlterraGroup #IndustrialParkUkraine #LvivIndustrialpark
Builders reveal market trends in Ukraine during the war. As reported by the engineering and construction company Rauta, the total losses in the industry amount to more than $150B, with the largest losses suffered by the housing sphere, including stock ($56B... #ConstructionUkraine #HousingMarketUkraine #RealEstateUkraine #UkraineReconstruction #UkraineWarDamages
A Ukrainian investment company will build three new hotels in the Carpathians and Vinnytsia. Hotel operator Ribas Hotels Group, together with Ama Family Resort, is starting three new projects in Polyanytsia (Bukovel), Yablunytsia (Ivano-Frankivsk region), and Vinnytsia. A seven-story, five-st... #AmaFamilyResort #BuildingHotels #HotelsUkraine #RealEstateUkraine #RibasHotelsGroup
The popularity of turnkey apartments in Ukraine is growing in the primary housing market. According to the developers, the share of apartments that are ready to be lived in the primary real estate market now reaches 50%. Before the war, this indicator was at the 30% level. Anna Laevska, co... #ApartmentUkraine #HousingMarketUkraine #HousingsalesUkraine #IntergalBud #UkraineRealestate
Another stage of land market reform in Ukraine will start in a month: the government provides its price forecast. Beginning January 1, 2024, legal entities, i.e., holdings that currently rent land, will be able to buy agricultural land. However, the Minister of Agrarian Policy, Mykola Solsky, believes that the pr... #agroukriane #FarmLandSale #LandMarketUkraine #MykolaSolsky #ReformsinUkraine
In Ukraine, the commissioning of housing increased by 13% over the year. Housing commissioning in Ukraine increased by 13% in the first nine months of the year compared to the corresponding period last year – up to 5.45 million square meters, reported the State Stati... #ConstructionUkraine #HousingConstruction #RealEstate #RealEstateUkraine
Ukraine’s agrarians oppose further reform of the land market. Agrarians called on the parliament to postpone increased land sale limits starting January 1, 2024. The sale of land to big business should be suspended for the duration of the war and two years after... #AgroLand #agroUkraine #FarmLandSale #LandMarketUkraine
War & Business: The Ukraine Business Network has been launched. Tucked away amid the sloping hills of Kyiv, a select group of business investors, representatives, and entrepreneurs gathered at the Parkoviy Congress Center to gain insight into investment prospects ... #AndrewPryma #DoingBusinessDuringWar #MarcMcNamee #ubn #UBNnetwork #UkraineBusinessDuringWar #UkraineBusinessNetwork #ukrainebusinessnews #War&Business #WarandBusiness #WarandUkraineBusiness
How prices for apartments in Ukraine have changed over a year? In Kyiv, an average one-room apartment costs $87,374 (+8.7% compared to last year). However, analysts say you can find a one-room apartment for $60,000-$65,000 in a concrete panel building, or Khrushc... #ApartmentUkraine #HousingMarketUkraine #RealEstateUkraine
The State Property Fund presents a plan to transfer state agricultural lands to Ukraine’s Land Bank. According to the SPFU, state lands will be consolidated in several stages. First, agricultural land of state-owned enterprises already in the bankruptcy procedure at the liquidation stage will be tran... #AgroLand #LandMarketUkraine #SPFU #UkraineLandBank
Prices for apartments in one of Ukraine’s “peaceful” cities have soared by 20%. In Uzhgorod, the average price of a one-room apartment reached about $60,000. Real estate prices here have increased by an average of 20% in dollar terms. The main reason for this is that there are ra... #ApartmentUkraine #HousingMarketUkraine #RealEstate #RealEstateUkraine
How land prices in Ukraine have changed during the second year of the full-scale war. The weighted average price of land in Ukraine increased by 10.4% in the first nine months of the year – up to ₴38,500 ($1,070) per hectare, according to the corresponding report of the KSE. It i... #AgroLand #FarmLandSale #LandMarketUkraine #UkraineEconomy
Ukraine’s real estate market shows signs of recovery, and the number of deals increased by 30%. The residential real estate market is adapting to wartime conditions, and transactions have increased by a third over the year, the Association of Residential Real Estate Developers RED Community repo... #ConstructioninUkraine #HousingInUkraine #RealEstateUkraine #SecondaryMarket
The mortgage lending market has picked up in Ukraine. In August, Ukrainian banking institutions issued 626 mortgage loans for a total amount of ₴900.9M, the NBU reported. In August, the volume of loans granted to consumers increased by 2.6% compared to J... #eOselya #MortgageProgram #MortgagesUkraine #nbu
In half a year, the volume of completed construction works in Ukraine grew by 18.4% to ₴53.2B. The driver of the construction sector’s growth in the first half of the year was engineering structures, where the increase in construction was 34% in annual terms, and non-residential construct... #ConstructionUkraine #HousingConstruction #infrastructureUkraine #RoadConstruction #UkraineReconstruction
Office real estate in Kyiv has a high vacancy rate. According to Colliers Ukraine company, a record number of vacant offices was recorded in Kyiv this year. Before the start of the war, at the end of 2021, the vacancy was almost 12%, at the end of 2022... #CommercialRealEstate #KyivOfficeRental #officeRealEstate #OfficeVacancy
Ukrainians have increased investment in business-class real estate. With the beginning of autumn, deals on purchasing business-class apartments with an average price of $2,000 per square meter have increased in the primary real estate market, said the top manager of t... #BusinessClassRealEstate #DIMgroup #HousingMarketUkraine #RealEstateUkraine
Here is how the Ukraine real estate market has changed after 1.5 years of war. As for housing rent, at the end of September the number of vacant properties continues to decrease. Since the beginning of the year, the number of advertisements in the Kyiv region has fallen by 47%. ... #LunUkraine #RealEstate #RealEstateUkraine #RentingHousingUkraine
Damage to Ukraine’s infrastructure has exceeded $151B. As of September 1, direct, documented damage to Ukraine’s infrastructure resulting from Russia’s full-scale invasion increased by $700M to $151.2B, according to a KSE report. At the beginn... #UkraineDamage #UkraineInfrastructureDestruction #WarDamage #WarinUkraine #WarLosses
Khmelnytskyi spends €35M to resume the reconstruction of a landfill and the construction of a waste processing complex. Currently, tender procedures are being conducted in both directions, said Deputy Mayor of Khmelnytskyi Mykola Vavryshchuk. “We have three participants: a Polish, a Greek-Turkish, and an American... #Khmelnitsky #WasteProcessingPlant #WasteRecycling
The UBC Group is building a second line of refrigeration equipment production in Vinnytsia. The plant’s area will be 5,000 square meters, and construction is planned to be completed in 2024. In addition, the company put into operation a 600 kW solar power plant at the Green Cool facili... #GreenCool #RefrigerationEquipment #UBCGroup
Turkish company Bosphorus Development invests in construction in Kyiv despite the war. The company’s first project in Ukraine is a residential complex, Maxima Residence, Bosphorus Development founder Mehmet V. Saçaklıoğlu said. He specified that work on the project began a few mon... #BosphorusDevelopment #ConstructionUkraine #InvestmentsinUkraine #MaximaResidence #MehmetSaçaklıoğlu
Since the opening of the land market in Ukraine, more than 365,000 hectares have been sold. According to Opendatabot, 203,000 hectares were sold in the first eight months of the market’s operation before the full-scale invasion began. A drop in activity was recorded in the last few mon... #AgroLand #LandMarketUkraine #LandSalesUkraine
International institutions are involved in the reconstruction of Ukraine’s housing sector, and the country has the capacity to produce 80% of the necessary building materials. According to Olena Shulyak, head of the Parliamentary Committee on Urban Planning, the World Bank is considering working with a compensation mechanism for destroyed housing. The UNITED24 platform has ... #BuildingMaterials #HousingConstruction #OlenaShulyak #UkraineReconstruction
Reconstruction of Ukraine will take place according to EU standards. This includes, in particular, that construction materials produced by Ukrainian manufacturers must comply with EU standards and characteristics, said Olena Shulyak, head of the parliamentary committee... #ConstructionMaterialsUkraine #ConstructionUkraine #ConstructionWaste #OlenaShulyak #UkraineReconstruction
In July, Ukrainian banks increased the issuance of mortgages by 14.6%. In particular, 604 mortgage loans for UAH 878.1M were issued in July, the National Bank reported. Compared to June, the volume of loans approved increased by 16.4%, the number – by 14.6%. The ke... #eOselya #MortgageProgram #MortgagesUkraine #UkrainianBanks
Foreigners invest in the Ukrainian real estate market. Yuriy Pita, president of the Association of Real Estate Specialists, said foreigners are increasingly buying housing in Ukraine. These are mainly citizens of Canada, Israel, and Spain. According to hi... #ApartmentUkraine #HousingMarketUkraine #RealEstateInvestments #RealEstateUkraine
Construction has strong investment potential, accounting for 2.3% of Ukraine’s GDP. Ukraine’s share of construction in its 2018 GDP was 2.3%, half of the world’s average, said the director of the Scientific and Technical Center of the Academy of Construction of Ukraine, Ivan Pe... #ConstructionUkraine #InvestmentsinUkraine #IvanPereghinets #RealEstateUkraine
Ukraine will receive $232M for emergency housing repairs under the World Bank’s HOPE project. On September 5, a corresponding agreement was signed between the Ministry of Finance of Ukraine and the World Bank within the Housing Repair for People’s Empowerment – HOPE project with a ... #HOPEproject #HousingDamagesUkraine #HousingRepairs #UkraineReconstruction
The EBRD will issue a €182M loan to repair the main export artery from Ukraine to Poland. The EBRD will redirect a €182M loan to the State Agency for Reconstruction and Development of Infrastructure of Ukraine to repair the section of the M-09 road from Lviv to Rava-Ruska on the Ukrainian-... #EBRDloan #RoadReconstruction #ukravtodor #ВідвантаженнятоварівУкраїна
Ukrainians will receive $232M from the World Bank for urgent home repairs. These funds will reimburse the costs of repairs for 98,000 individual houses and 8,000 families in 160 apartment buildings from five regions that were affected by the Russian Federation’s invasi... #HousingDamagesUkraine #UkraineReconstruction #worldbank
Ukrainian builders are increasing the number of buildings put into operation. The indicator increased 1.4 times over a half year compared to the same period in 2022, up to 3.59 million square meters. According to the State Statistics Service, in 2023 2.03 million square meters ... #ConstructionUkraine #HousingInUkraine #RealEstateUkraine
The Ukrainian housing rental market has revived, and prices have increased. According to market analysts, for the first time in three years the rental market felt August’s impact, which is considered a hot real estate season due to the approach of the school year. Citie... #ApartmentUkraine #RealEstateUkraine #RentalHousing
The largest shopping center will be opened in Ukraine since the war began. On August 25 in Ivano-Frankivsk, the second stage of the Veles shopping center is scheduled to open. The center’s total area is 43,000 square meters, with 25,000 square meters of leasable space,... #ShoppingCentersUkraine #Veles
Ukraine’s logistics infrastructure is on the verge of collapse: 25% of bridges are in critical condition. According to the Ministry of Infrastructure of Ukraine, 24% of Ukrainian bridges are completely or partially unusable. The main issues a specialized commission had to resolve are the condition of Ukra... #BridgeKyiv #BridgesConstruction #infrastructureUkraine #OleksandrKubrakov
Ukrainians can control state spending on the construction and reconstruction of Ukraine. The government will be publishing information on estimated documentation on the Unified State Electronic System’s portal regarding construction, Minister of Infrastructure Oleksandr Kubrakov sai... #ConstructionUkraine #MustafaNayem #OleksandrKubrakov
Vinnytsia will build a UAH 3B agro-food industrial park. According to investor Borys Shestopalov, Volia Agri-Food Park Vinnytsia will become the core of Ukrainian Volia Food Valley’s future ecosystem. It is noted that this project will provide interna... #IndustrialPark #infrastructureUkraine #Vinnytsia
The Austrian investor in the Respublika Park shopping center plans to participate in reconstructing Ukraine. According to the Austrian company’s director, Vasyl Tolstunov, Trafin is currently working on several new investment projects for implementation in Ukraine. The company wants to expand its comme... #InvestmentsinUkraine #RespublikaPark #Trafin #UkraineReconstruction #VasylTolstunov
