Real Estate

Wednesday, October 11

Office real estate in Kyiv has a high vacancy rate.

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...

Ukrainians have increased investment in business-class real estate.

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...

Tuesday, October 10

Here is how the Ukraine real estate market has changed after 1.5 years of war.

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%. ...

Thursday, October 5

Damage to Ukraine’s infrastructure has exceeded $151B.

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...

Wednesday, October 4

Khmelnytskyi spends €35M to resume the reconstruction of a landfill and the construction of a waste processing complex.

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...

Monday, October 2

The UBC Group is building a second line of refrigeration equipment production in Vinnytsia.

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...

Friday, September 29

Turkish company Bosphorus Development invests in construction in Kyiv despite the war.

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...

Friday, September 22

Since the opening of the land market in Ukraine, more than 365,000 hectares have been sold.

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...

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.

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 ...

Wednesday, September 20

Reconstruction of Ukraine will take place according to EU standards.

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...

Tuesday, September 19

In July, Ukrainian banks increased the issuance of mortgages by 14.6%.

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...

Foreigners invest in the Ukrainian real estate market.

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...

Wednesday, September 13

Construction has strong investment potential, accounting for 2.3% of Ukraine’s GDP.

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...

Thursday, September 7

Ukraine will receive $232M for emergency housing repairs under the World Bank’s HOPE project.

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 ...

Wednesday, September 6

The EBRD will issue a €182M loan to repair the main export artery from Ukraine to Poland.

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-...

Friday, September 1

Ukrainians will receive $232M from the World Bank for urgent home repairs.

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...

Ukrainian builders are increasing the number of buildings put into operation.

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 ...

Tuesday, August 29

The Ukrainian housing rental market has revived, and prices have increased.

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...

Wednesday, August 23

The largest shopping center will be opened in Ukraine since the war began.

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,...

Tuesday, August 22

Ukraine’s logistics infrastructure is on the verge of collapse: 25% of bridges are in critical condition.

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...

Ukrainians can control state spending on the construction and reconstruction of Ukraine.

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...

Vinnytsia will build a UAH 3B agro-food industrial park.

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...

Friday, August 18

The Austrian investor in the Respublika Park shopping center plans to participate in reconstructing Ukraine.

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...

Kyiv’s commercial real estate vacancy will increase.

Kyiv’s commercial real estate vacancy will increase. At the Ukrainian population’s current income and spending levels, the vacancy rate in Kyiv’s shopping malls may reach 17% by the end of 2024, UTG reported. It is noted that the vacancy rat...

Wednesday, August 16

Recovery in the construction industry: investments for reconstruction began to arrive.

Recovery in the construction industry: investments for reconstruction began to arrive. This summer, the Center for Economic Strategy reports that the Ukrainian construction business has become significantly more active for the first time since the beginning of the full-scale Russian inv...

Thursday, August 10

Prices on the primary real estate market in the Ukrainian capital have returned to pre-war levels.

Prices on the primary real estate market in the Ukrainian capital have returned to pre-war levels. In half a year, prices decreased by 4% compared to the beginning of the year to $1,955 per square meter, according to research from the City One Development company. During the first year of the war, ...

Tuesday, August 8

South Korea is preparing to participate in Ukraine’s reconstruction.

South Korea is preparing to participate in Ukraine’s reconstruction. In preparation for this, the country allowed thirty businessmen to visit Ukraine to approve possible reconstruction projects, reports Yonhap. Many Korean companies are expected to visit the country to...

Friday, August 4

The cost of construction in Ukraine has risen sharply.

The cost of construction in Ukraine has risen sharply. In the first half of 2023, the price of a square meter in Kyiv’s residential complexes increased by almost a quarter, depending on the demand level for specific units, and the prices were driven...

The damage to Ukraine’s infrastructure from the war has exceeded $150B.

The damage to Ukraine’s infrastructure from the war has exceeded $150B. The amount of direct damage caused to Ukraine’s infrastructure due to the full-scale invasion by the Russian Federation is estimated at $150.5B, of which $55.9B represents housing loss, reported...

Thursday, August 3

More than 12,500 objects have been restored in the Kyiv region.

More than 12,500 objects have been restored in the Kyiv region. Almost half of the facilities damaged by Russia’s aggression have already been fully or partially restored in the Kyiv region – more than 12,500 out of 27,700 facilities, said Ruslan Kravc...

Remote work could erase up to $800B in the value of commercial office real estate.

Remote work could erase up to $800B in the value of commercial office real estate. Work from home risks losing $800B from the value of office buildings in major cities, highlighting the potential losses landlords face from post-pandemic changes in employment trends. Covid-19’s push ...

Wednesday, August 2

The eOselya mortgage lending program expanded beginning August 1.

The eOselya mortgage lending program expanded beginning August 1. According to Minister of Economy Yulia Svyridenko, from now on more Ukrainian citizens will be able to get a 7% mortgage rate under the eOselya government program. Ukrainians who do not have a home or...

A new industrial park in Western Ukraine will create 745 jobs.

A new industrial park in Western Ukraine will create 745 jobs. One more entry has been added to Ukraine’s industrial park network – in the city of Perechyn in Transcarpathia. Approximately 745 new processing industry jobs will be created initially, Uk...

Friday, July 28

The land market has lost UAH 11.5B since the war began.

The land market has lost UAH 11.5B since the war began. Since the start of the war, the Ukrainian agricultural land market has lost UAH 11.5B. Opening the market for legal entities in 2024 could bring an additional 1%-2.7% of GDP annually during the next t...

Tuesday, July 18

Hyundai will help to rebuild and expand Kyiv Boryspil airport.

Hyundai will help to rebuild and expand Kyiv Boryspil airport. Hyundai Engineering & Construction (Hyundai E&C) will join Ukraine’s post-war reconstruction of Ukraine. The company signed a corresponding agreement with representatives of the Boryspil...

Friday, July 14

In six months, housing rent prices in Ukraine rose by 9%.

In six months, housing rent prices in Ukraine rose by 9%. The average monthly rent for a 1-room apartment in June 2023 was UAH 6,230 ($174). Since the beginning of the year, the price has increased by 9.3%, which is twice as high as the official 6-month infl...

Monday, July 10

Ukraine is building 12 terminals on the Danube to increase port capacity.

Ukraine is building 12 terminals on the Danube to increase port capacity. However, the Ukrainian Danube’s development depends on Romania’s position regarding dredging works, said Serhiy Vovk, director of the Center for Transport Strategies. In addition, accordin...

Thursday, June 29

Ukraine’s residential real estate market is in a deep crisis, it is much more profitable to rent than to buy.

Ukraine’s residential real estate market is in a deep crisis, it is much more profitable to rent than to buy. The residential real estate market in Ukraine remains in a deep crisis, market factors do not support the prices declared by sellers, and renting has become a much more profitable option for those who...

Wednesday, June 28

Damages to Ukrainian housing already amount to more than $54B.

Damages to Ukrainian housing already amount to more than $54B. As of the end of May 2023, the amount of direct damage caused to Ukraine’s housing stock as a result of the full-scale war is more than $54B. According to research by KSE, this is more than a third of...

Tuesday, June 27

The land in Ukraine is being sold at deliberately low prices.

The land in Ukraine is being sold at deliberately low prices. The government should pay attention to the low registration prices and undervaluation of Ukrainian land market transactions, says an analytical report by KSE. The report on the state of the Ukrainian ...

Monday, June 26

Despite the war, the agricultural land market in Ukraine remains active.

Despite the war, the agricultural land market in Ukraine remains active. From the start of Ukraine’s land market in 2021, 145,091 land sale agreements for agricultural land with a total area of almost 325,000 hectares have been concluded. This is a good indicator that the ...

Monday, June 19

Ukraine will spend UAH 11B on priority reconstruction projects, and more than UAH 1.5B will be allocated to the Kakhovka HPP disaster.

Ukraine will spend UAH 11B on priority reconstruction projects, and more than UAH 1.5B will be allocated to the Kakhovka HPP disaster. At an external meeting in the Kherson region, the Government decided to provide UAH 6.6B ($180M) from the Fund for the Elimination of the Consequences of Armed Aggression for the implementation of ove...

Ukraine plans to liquidate 1,278 state-owned enterprises.

Ukraine plans to liquidate 1,278 state-owned enterprises. The State Property Fund (SPFU), which currently manages 2,364 state-owned enterprises, made the decision. The department claims that 82% of state enterprises are unproductive, exist only on paper, and...

The real estate market in Ukraine is stabilizing and rent prices are increasing.

The real estate market in Ukraine is stabilizing and rent prices are increasing. The average rental price in Kyiv increased in all apartment segments. The largest increase was observed in one-room flats, by 11%, in three-room apartments by 8%, and in two-room apartments by 3%. Cur...

Friday, June 16

Ukraine will build a new road between Chisinau and the Danube port of Giurgiulesti.

Ukraine will build a new road between Chisinau and the Danube port of Giurgiulesti. The Ukrainian company Automagistral-Pivden signed a contract to construct a section of the strategic M3 highway between Chisinau and the Danube port of Giurgiulesti. The EBRD will finance the project....

Thursday, June 15

Ukrainians consider corruption to be the main risk in rebuilding the country.

Ukrainians consider corruption to be the main risk in rebuilding the country. 73% of Ukrainians and 80% of business representatives are most concerned about the resumption of corruption schemes in the reconstruction process. In addition, according to Transparency International ...

Tuesday, June 13

MIGA offers Dragon Capital a $10M guarantee for investments in the Lviv Industrial Park.

MIGA offers Dragon Capital a $10M guarantee for investments in the Lviv Industrial Park. UCPIH Ltd, part of the Dragon Capital group of companies, received an offer for a guarantee of $10M for ten years from the World Bank’s Investment Guarantee Agency (MIGA) for investments in Lviv...

Ukrainian exporters will get the shortest route to the EU, bypassing Transnistria.

Ukrainian exporters will get the shortest route to the EU, bypassing Transnistria. Ukraine and Moldova will build a bridge on the Ukrainian-Moldovan state border, connecting the Yampil (Ukraine) and Koseut (Moldova) settlements. According to the Minister of Infrastructure, Oleksandr...

For the first time in Ukraine, a village destroyed in the war will be rebuilt from scratch.

For the first time in Ukraine, a village destroyed in the war will be rebuilt from scratch. The restoration agency presented the restoration concept for the village of Posad-Pokrovske near Kherson. “This is the first step on the way to the implementation of our ambitious project to res...

Monday, June 12

The largest Ukrainian shopping mall, Ocean Plaza, will be privatized, and the proceeds will be directed to Ukraine’s restoration.

The largest Ukrainian shopping mall, Ocean Plaza, will be privatized, and the proceeds will be directed to Ukraine’s restoration. The Cabinet of Ministers has transferred the state’s share of the Ocean Plaza shopping and entertainment center to the State Property Fund (SPFU). In addition, the government has ordered its assets to...

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