Real Estate

Tuesday, June 25

In the first quarter, real estate developers started construction on a record low number of new buildings.

In the first quarter, real estate developers started construction on a record low number of new buildings. In Ukraine during the first quarter of 2024, real estate developers started constructing only 9,900 new apartments, reported the State Statistics Service. The rate of new construction is lower than ev...

What is happening in Ukraine’s primary housing market, and what risks are putting pressure on the state mortgage program?

What is happening in Ukraine’s primary housing market, and what risks are putting pressure on the state mortgage program? In the primary housing market, a developer’s financial ability to complete construction on time and wartime circumstances are associated with high risk. And these credit risks fall entirely on t...

Thursday, June 20

The NBU has characterized the Ukrainian real estate market’s main trends and warn of a possible shortage of new housing.

The NBU has characterized the Ukrainian real estate market’s main trends and warn of a possible shortage of new housing. Prices for residential real estate are rising in Ukraine, although demand for it is still low, the National Bank reported. The number of completed deals is much smaller than before the full-scale war....

Friday, June 14

Ukraine’s demand for housing in new buildings reaches only 35% of the pre-war level.

Ukraine’s demand for housing in new buildings reaches only 35% of the pre-war level. The demand for housing in new construction in Ukraine is approximately 35% of the pre-war level, but in some western regions, it has increased by 50%, according to the GAZDA construction company. It i...

The DFC will help Ukraine to develop an affordable housing market.

The DFC will help Ukraine to develop an affordable housing market. The Ministry of Economy, the American International Development Finance Corporation (DFC), and Citibank signed a memorandum on the development of the mortgage lending market in Ukraine. The Minister o...

Thursday, May 30

Ukraine unveils the Land Bank project, allowing farmers to lease state lands through auctions.

Ukraine unveils the Land Bank project, allowing farmers to lease state lands through auctions. The State Property Fund (SPFU) presented its Land Bank project, which allows farmers to lease state land transparently and competitively through Prozorro.Sales online auctions. The starting price for ...

Tuesday, May 28

What happened in Ukraine’s land market in April?

What happened in Ukraine’s land market in April? Analysts from the KSE Agrocenter notes that Ukraine’s agricultural land market continued to grow in April 2024. Purchase and sale agreement volumes were the largest since the beginning of the full-sca...

Friday, May 24

How will land prices in Ukraine grow?

How will land prices in Ukraine grow? The growth in Ukraine’s agricultural land prices over the next five years will be no more than 100%, according to Dmytro Skornyakov, CEO of HarvEast. “As long as land in Ukraine is a means of pr...

Wednesday, May 22

The State Property Fund announces a new strategy for the use of state lands.

The State Property Fund announces a new strategy for the use of state lands. The Ukrainian state owns about 800,000 hectares of land, and almost half of it is currently at the disposal of the State Property Fund of Ukraine (SPFU). Currently, the fund has ownership of 386,000 h...

Tuesday, May 21

Ukraine is transforming the housing market, relying on the EU’s experience.

Ukraine is transforming the housing market, relying on the EU’s experience. Ukraine wants to provide tax incentives for social housing operators and develop an effective mechanism for establishing rental rates, said the head of the Parliamentary Committee on Urban Planning, O...

Monday, May 20

An American company seeks to invest in the Lviv region and build affordable housing.

An American company seeks to invest in the Lviv region and build affordable housing. The American investment company Chicago Atlantic Trident will consider investing in the construction of affordable housing and industry in the Lviv region, said the head of the OVA, Maksym Kozytskyi. ...

Thursday, May 16

The housing rental market has slowed amid news from the front.

The housing rental market has slowed amid news from the front. According to the DIM.RIA marketplace, due to the uncertain situation at the front, the rental market and the purchase and sale of apartments are currently in limbo. Rental market offers have fallen si...

Wednesday, May 15

Kyiv real estate developer has kept every Ukrainian project alive and is investing hundreds of millions of dollars.

Kyiv real estate developer has kept every Ukrainian project alive and is investing hundreds of millions of dollars. Arricano Real Estate plc continues to invest in restoring the Sunny Gallery shopping center in Kryvyi Rih and constructing the Lukianivka shopping center in Kyiv, Arricano’s top manager Margus K...

Tuesday, May 14

A Ukrainian startup selling new real estate in the US is capturing the market at high speed.

A Ukrainian startup selling new real estate in the US is capturing the market at high speed. Ukrainian PropTech startup NewHomesMate, headquartered in Austin, Texas (US), launched a platform for finding and buying new real estate in the US in 2020. The startup was founded by Bohdan Hnatkovsky...

Wednesday, May 8

Real estate in the capital region fell by 7% amid uncertainty.

Real estate in the capital region fell by 7% amid uncertainty. The situation at the front affects the supply and demand for housing. In particular, the number of available properties has increased in Kyiv, but buyers are in no rush to acquire them. As a result, p...

Friday, May 3

Ukraine is working on new housing modernization and studying the EU’s experience.

Ukraine is working on new housing modernization and studying the EU’s experience. The Ukrainian Parliament is studying the possibility of using European experience to solve the problem of its outdated housing stock – in particular, small-scale Khrushchevka apartment housing, ...

Thursday, May 2

Experts record an increase in home purchases made over time.

Experts record an increase in home purchases made over time. The share of home purchase agreements on installment terms reached 95% in March 2024, while the figure was 85% a year ago and 70% in the pre-war period, analysts from the DIM group of companies report...

The construction business in Ukraine has the most optimistic expectations.

The construction business in Ukraine has the most optimistic expectations. According to a NBU survey, builders’ expectations are primarily related to the significant budget funding announced by the state for the restoration of infrastructure. Also, builders are counting on i...

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...

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