Real Estate

Tuesday, April 30

Kyiv will have a large-scale shortage of apartments in new buildings.

Kyiv will have a large-scale shortage of apartments in new buildings. According to developers, there is no shortage of new housing in Ukraine yet, but the prerequisites for its appearance are being formed, especially in Kyiv, where almost no new projects have appeared s...

Friday, April 26

Lviv has become the leader in housing prices, not only in new buildings but also in the suburban real estate sector.

Lviv has become the leader in housing prices, not only in new buildings but also in the suburban real estate sector. The average cost per square meter of single-family dwellings has still not reached pre-war levels, but prices are actively growing in the western regions of Ukraine. In Kyiv and the region as of April...

Tuesday, April 23

The EIB has developed a program for the green restoration of damaged buildings in Ukraine with a budget of €230M.

The EIB has developed a program for the green restoration of damaged buildings in Ukraine with a budget of €230M. “The program of energy-efficient restoration has been fully calculated, its budget is €230M, of which the pilot phase is €30M. We will work comprehensively with entire houses,” EIB representative Oksa...

Thursday, April 18

Instead of buying, businesses are selling agricultural land in Ukraine.

Instead of buying, businesses are selling agricultural land in Ukraine. Ukrainian companies sold at least 1,283 hectares as of March 18, 2024. Since the beginning of 2024, at least 342 land plots have been sold. Since the land market was opened for legal entities, despite...

Tuesday, April 16

Where is the most expensive primary residential real estate in Ukraine?

Where is the most expensive primary residential real estate in Ukraine? Lviv continues to hold the lead in apartment prices in Ukraine’s primary market. In half a year, since Lviv overtook Kyiv in terms of cost per square meter, this separation has increased by 10%,...

Tuesday, April 9

Ukraine will launch a state program for renting housing with the right of redemption.

Ukraine will launch a state program for renting housing with the right of redemption. Ukrainian Financial Housing Company is improving the eOselya affordable mortgage lending program and developing new ones, such as a rent program with the right of redemption and social rent. The rent-...

Friday, April 5

Last year, Ukraine’s construction volume increased by 22.6%.

Last year, Ukraine’s construction volume increased by 22.6%. According to 2023’s results, the volume of construction works in Ukraine increased by 22.6% in real terms, according to data from the State Statistics Service. The greatest growth was recorded in infr...

Wednesday, April 3

A land market phenomenon: Here’s why the frontier region has become one of the leaders in land sales.

A land market phenomenon: Here’s why the frontier region has become one of the leaders in land sales. The Sumy region took second and third place in terms of the number of transactions and the total area of plots that were purchased. In 2022, the region was under Russian occupation for almost two mont...

Tuesday, April 2

In February, land market deals in Ukraine grew by 50%.

In February, land market deals in Ukraine grew by 50%. At the end of winter, the land market reached its highest level since the beginning of the full-scale war, increasing the number of properties sold by 50% compared to January. Legal entities also inte...

Despite the war, Ukraine plans to open six new shopping centers with a total area of more than 180,000 square meters.

Despite the war, Ukraine plans to open six new shopping centers with a total area of more than 180,000 square meters. The Ukraine Shopping Center, with a total area of 20,434 square meters, will open in Uzhgorod in December 2024. At the end of the year, the 5,600-square-meter Rosvygivsky shopping center is also expec...

Wednesday, March 27

Liberalizing the land market will move Ukraine $20B toward restoring its agricultural sector.

Liberalizing the land market will move Ukraine $20B toward restoring its agricultural sector. Liberalization of the agricultural land market and increased transparency can bring $35B to Ukraine’s budget. This could close the current deficit of more than $20B in agricultural recovery fina...

Thursday, March 7

Denmark will build social housing in Ukraine according to its standards.

Denmark will build social housing in Ukraine according to its standards. Denmark created the Ukrainian Housing for All fund to develop and implement affordable rental housing in Ukraine based on the Danish model. It is planned to implement three pilot projects in cities th...

Wednesday, March 6

Rents on the warehouse real estate market are becoming more expensive in Ukraine: Rates have increased by 10%, and this trend will continue.

Rents on the warehouse real estate market are becoming more expensive in Ukraine: Rates have increased by 10%, and this trend will continue. Renting commercial warehouses in Ukraine is becoming more costly due to a lack of space. The shortage in the logistics market is because, during the war, the construction of new complexes has stopped,...

Tuesday, March 5

Analysts predict the creation of a record amount of Ukrainian warehouse space within two years.

Analysts predict the creation of a record amount of Ukrainian warehouse space within two years. The warehouse market is experiencing difficult times due to a shortage of facilities. However, the problem could be solved by new projects announced in the next two years, particularly in the Kyiv reg...

Friday, March 1

Corporations only account for 10% of the land purchased in January sales.

Corporations only account for 10% of the land purchased in January sales. During the first month of the land market’s new phase, legal entities purchased 498 land plots with an area of 1,461 hectares, which is 10.4% of the total amount of agricultural land sold in January. ...

Wednesday, February 28

Which regions of Ukraine have become leaders in housing construction?

Which regions of Ukraine have become leaders in housing construction? In Ukraine, 7.38 million square meters of housing were built over a year. According to the State Statistics Service, in 2023 one-room residential buildings with a total area of 3.48 million square met...

Wednesday, February 21

Business centers are empty in Kyiv: vacancy is over 20%, and rental rates have fallen by 30% and they continue to fall.

Business centers are empty in Kyiv: vacancy is over 20%, and rental rates have fallen by 30% and they continue to fall. According to the UTG, the drop in office rental prices was caused by the outflow of tenants. In January 2022, rent for one square meter in class A was $28.1, in class B, $17.9, and in class C – ...

Thursday, February 15

Residential real estate prices will continue to rise in Ukraine.

Residential real estate prices will continue to rise in Ukraine. Analysts estimate the negative impact on housing demand due to the war at $20B. In the coming years, prices for apartments in Ukraine will continue to rise – both in the primary and secondary real est...

Tuesday, February 13

The number of shopping malls in the capital will soon increase by 50 new facilities.

The number of shopping malls in the capital will soon increase by 50 new facilities. In the coming years, 50 new shopping and entertainment centers may appear in Kyiv. To the existing shopping centers with 2.5 million square meters, in 2024-2025 developers plan to construct facilities...

Monday, February 12

Despite the war, the real estate market is recovering, growing by 70%.

Despite the war, the real estate market is recovering, growing by 70%. In 2023, Ukrainians bought 404,000 real estate properties, which is 70% more than a year earlier. However, this is still significantly less than before the full-scale war (631,000). Until 2021, when t...

Thursday, February 8

Developers indicate the vectors of development for the real estate market in 2024.

Developers indicate the vectors of development for the real estate market in 2024. Specialists from the Greenville Kyiv development company predict that real estate investments as a way of saving money will become relevant again this year. This is indicated by about $15B in citizens...

Tuesday, February 6

How do Ukrainian businesses invest in the country’s economic future, or why are they building smart shelters for students?

How do Ukrainian businesses invest in the country’s economic future, or why are they building smart shelters for students? On January 25, in the Central Library of the National Technical University of Ukraine (KPI), named after I. Sikorsky, the official opening of the CLUST Space smart shelter for students took place. CLU...

Monday, February 5

An industrial park with ₴735M in investment will be built in the Kyiv region.

An industrial park with ₴735M in investment will be built in the Kyiv region. The Cabinet of Ministers has added Universal Industry, located in the village of Rokytne, Kyiv region, to the Register of Industrial Parks. Total investment in the industrial park for the next three y...

Friday, February 2

Ukraine’s real estate market has become more active – the number of transactions has increased by 70% in a year.

Ukraine’s real estate market has become more active – the number of transactions has increased by 70% in a year. Last year, state and private notaries certified 172,628 contracts for the purchase and sale of apartments and residential buildings in Ukraine, according to the Ministry of Justice’s report. Thi...

Wednesday, January 31

Last year, the volume of land sales increased by 58%, and prices are expected to rise this year.

Last year, the volume of land sales increased by 58%, and prices are expected to rise this year. As stated in the review of the KSE, despite the significant growth in the agricultural land market in 2023, it has not yet reached pre-war indicators. Land turnover in 2023 increased by 58% compared t...

A Ukrainian hotel operator plans to add 10 new development projects.

A Ukrainian hotel operator plans to add 10 new development projects. The founder of Ribas Hotels Group, Artur Lupashko, said: “Ribas currently has 54 hotels under management and construction. Another six projects are at the signing stage. This is not only Bukovel...

Tuesday, January 30

An international hotel chain plans to open several establishments in the capital and western Ukraine.

An international hotel chain plans to open several establishments in the capital and western Ukraine. French Louvre Hotels Group is negotiating with a few Ukrainian developers to build hotels in Kyiv, Lviv, and Bukovel, said the company’s regional development manager, Philippe Campagno. In the s...

Tuesday, January 23

The second stage of land reform has had the opposite of the intended effect: businesses are not buying but selling hectares.

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 ...

Dragon Capital continues its investment in Ukrainian commercial real estate this year.

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...

The war has changed Ukrainians’ criteria for housing purchases.

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...

Friday, January 19

Businesses have entered the land market, buying 68 plots.

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 ...

Thursday, December 28

The cost of construction in Ukraine has increased by 20% over the year.

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...

Wednesday, December 27

Real estate developers are reorienting their businesses to the regions.

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...

Tuesday, December 26

In Ukraine, three more industrial parks have been registered with a total investment of about ₴1B.

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...

The NBU obeserves recovery in the Ukrainian real estate market; companies are building and commissioning new housing.

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...

Tuesday, December 19

New housing construction in Ukraine decreased by 39%.

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...

Monday, December 18

Banks have broken a mortgage record since the beginning of the war.

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 ...

Friday, December 15

The volume of completed construction works increased by almost 21% this year.

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...

Wednesday, December 13

Industry analysts sum up 2023’s results from the Ukrainian real estate market.

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...

Construction of the largest industrial park in western Ukraine is starting in Lviv.

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...

Thursday, December 7

Builders reveal market trends in Ukraine during the war.

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...

Tuesday, December 5

A Ukrainian investment company will build three new hotels in the Carpathians and Vinnytsia.

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...

The popularity of turnkey apartments in Ukraine is growing in the primary housing market.

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...

Friday, December 1

Another stage of land market reform in Ukraine will start in a month: the government provides its price forecast.

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...

Thursday, November 30

In Ukraine, the commissioning of housing increased by 13% over the year.

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...

Wednesday, November 29

Ukraine’s agrarians oppose further reform of the land market.

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...

Saturday, November 25

War & Business: The Ukraine Business Network has been launched.

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 ...

Friday, November 24

How prices for apartments in Ukraine have changed over a year?

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...

Wednesday, November 22

The State Property Fund presents a plan to transfer state agricultural lands to Ukraine’s Land Bank.

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...

Wednesday, November 15

Prices for apartments in one of Ukraine’s “peaceful” cities have soared by 20%.

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...

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