Real Estate

Monday, June 12

The Ukrainian government continues to dominate as the largest owner of enterprises.

The Ukrainian government continues to dominate as the largest owner of enterprises. As of January 1, 2023, the Ukrainian state owns 3,256 companies, according to the updated Unified Register of State-Owned Objects. At the same time, according to the same register, as of January 1, 20...

Friday, June 9

The Ministry of Reconstruction has explained where the money to rebuild the country will come from.

The Ministry of Reconstruction has explained where the money to rebuild the country will come from. According to the Minister of Reconstruction of Ukraine, Oleksandr Kubrakov, half of the reconstruction’s financing should be covered by the seized assets from the Russian Federation. Partners will fun...

Wednesday, June 7

Two dry ports for agricultural exports are to be built in western Ukraine.

Two dry ports for agricultural exports are to be built in western Ukraine. The new grain facilities will be constructed in the Volyn region, said the head of the regional department of agro-industrial development, Yuriy Yurchenko. He clarified that new construction is underw...

Monday, June 5

Almost half of Ukrainian real estate companies will enter foreign markets this year.

Almost half of Ukrainian real estate companies will enter foreign markets this year. According to a survey from URE Club, 21.6% of real estate companies plan to open an office abroad in 2023, and 43.1% plan to implement foreign projects. About 19.6% of the companies surveyed could not...

In the west of Ukraine, the construction of five new food processing plants is being completed.

In the west of Ukraine, the construction of five new food processing plants is being completed. Five new factories will be constructed on the territory of a former brick factory in Rivne; these will package cereals, make teas, spices, pasta, and gluten-free sweets. Local authorities report that ...

Tuesday, May 30

Kyiv’s Electronmash plant was sold as part of small privatization on the third attempt.

Kyiv’s Electronmash plant was sold as part of small privatization on the third attempt. The state property fund (SPFU) held an online auction to sell the Kyiv Electronmash factory. During the auction, six companies participated in the bidding. The final bid almost doubled from UAH 61.2M ...

Monday, May 29

Ukrainian Real Estate developers have put 25,000 dwellings on the market in 2023.

Ukrainian Real Estate developers have put 25,000 dwellings on the market in 2023. According to the State Statistics Service, 1.94 million square meters were commissioned for residential housing from January to March. These figues compare favorably to the results from the first quar...

Friday, May 26

A large logistics complex has been launched in Rivne, which will help relocated businesses.

A large logistics complex has been launched in Rivne, which will help relocated businesses. This is the first B+ class logistics complex in the region, which began to be built in July last year. The total warehouse area is more than 2,500 square meters, and there are 500 square meters of off...

Friday, May 19

Moldova will repair two sections of railway to increase transit from Ukraine to the EU.

Moldova will repair two sections of railway to increase transit from Ukraine to the EU. According to the EBRD, the total cost of the project will be €71M, of which €28M is a contribution from the Moldovan state company, Zaliznytsia Moldova, €23M is an EBRD loan, and another €20M is an EU...

Wednesday, May 17

Ukraine’s real estate market collapsed last year but has started slowly recovering.

Ukraine’s real estate market collapsed last year but has started slowly recovering. Sales on the primary market decreased by over 90% and on the secondary market by over 70% compared to 2021, according to a LUN study. In 2022, about 100,000 apartments were sold on the secondary marke...

Tuesday, May 16

Nestlé is building a new $45M food factory in the Volyn region.

Nestlé is building a new $45M food factory in the Volyn region. The Swiss conglomerate Nestlé has started constructing a new pasta factory in the village of Smoligov, Volyn region. The new factory will be built next to Nestlé’s distribution center, which has...

Friday, May 12

Despite the war, Ukrainian farmland is becoming more expensive.

Despite the war, Ukrainian farmland is becoming more expensive. The price of Ukrainian agricultural land increased by an average of 20% in January-April 2023, Deputy Minister of Agrarian Policy Denis Bashlyk said. He added that the land value increase is observed ...

Wednesday, May 10

The Louvre Hotels Group chain will open an aparthotel in Lviv.

The Louvre Hotels Group chain will open an aparthotel in Lviv. The aparthotel project is part of the modern multifunctional complex Kristal Plaza (Lviv), which is amember of the Ukrainian Hotel & Resort Association (UHRA), and is in the final stage of signing...

Thursday, May 4

A new industrial park has been officially registered in Ukraine.

A new industrial park has been officially registered in Ukraine. The Dolyna Stryi industrial park was included in the Register of Industrial Parks of Ukraine through a governmental decision. The industrial park, founded at the end of January 2023, will be in the ci...

Wednesday, April 19

Ukraine will receive a €31M loan to reconstruct bridges in the Kyiv region.

Ukraine will receive a €31M loan to reconstruct bridges in the Kyiv region. According to the head of the Ukrainian government, Denys Shmyhal, these funds will be provided by CityBank and spent on rebuilding six bridges and overpasses in the Kyiv region. The Prime Minister sai...

Tuesday, April 18

More than 20% of the capital’s shopping center capacity is empty.

More than 20% of the capital’s shopping center capacity is empty. The weighted average vacancy rate in Kyiv’s shopping centers continues to grow. In March 2023 it reached 21.5%, almost double the figure of 11.5% in the same period last year. According to UTG, the co...

Thursday, April 6

Ukraine wants domestic companies to carry out 60% of all restoration work.

Ukraine wants domestic companies to carry out 60% of all restoration work. After the war, it will be necessary to provide preferential loans to local businesses involved in producing building materials needed for reconstruction, said the head of the parliamentary committee o...

Wednesday, April 5

Residential and commercial construction in Ukraine collapsed last year.

Residential and commercial construction in Ukraine collapsed last year. In 2022, construction enterprises of Ukraine completed 55.9% less projects by volume compared to 2021, the last pre-war year, according to state statistical data. The completed work volume amounted to...

Tuesday, April 4

Ukrainians have become the most active home buyers in Poland.

Ukrainians have become the most active home buyers in Poland. Ukrainians bought 4,275 apartments in Poland in 2022 and became the leaders among foreigners in buying residential real estate in the country, Wprost reports. In total, foreigners bought about 10,000 ...

Monday, April 3

Ukraine and Poland will build a new border checkpoint.

Ukraine and Poland will build a new border checkpoint. A new border crossing will finally appear at Adamchuky – Zberezhe, on the border in the Volyn region, the State Border Service said. Constructing a crossing point for cars and pedestrians should relie...

Thursday, March 30

The American Oakland Institute criticizes the land reform in Ukraine.

The American Oakland Institute criticizes the land reform in Ukraine. The executive director of the American Oakland Institute, Anuradha Mittal, addressed a letter to the heads of key global financial institutions at the IMF, the World Bank, and the EBRD, in which he de...

Tuesday, March 28

The war has changed the housing rental market in Ukraine.

The war has changed the housing rental market in Ukraine. Kyiv has lost its status as the most expensive city in the country regarding housing rent prices and now stands in third place. At the end of 2022, Lviv overtook the capital in terms of the cost of re...

Wednesday, March 22

A new turbine plant has begun construction in western Ukraine.

A new turbine plant has begun construction in western Ukraine. The relocated enterprise from Kramatorsk, which specializes in the manufacture of turbines and energy generation equipment, started erecting a new production facility, which will become part of a futu...

Tuesday, March 21

The largest privately owned shopping center will become state property.

The largest privately owned shopping center will become state property. On March 20, the Supreme Anti-Corruption Court approved the confiscation of the company that owns two-thirds of the Kyiv shopping and entertainment center, Ocean Plaza, from Russian oligarch Arkady Ro...

Thursday, March 16

In January, mortgage lending volume fell by 25%.

In January, mortgage lending volume fell by 25%. In January 2023, Ukrainian banks issued 357 mortgage loans for UAH 449.5M, half as much as in January 2022 in terms of the number of loans and by 25% in terms of volume, the National Bank reported. Mo...

The commercial real estate market is recovering due to the return of IT companies.

The commercial real estate market is recovering due to the return of IT companies. According to the allbc agency, during the widespread blackouts people who usually worked from home moved to co-working spaces, where power generators provided electricity and internet access. As a res...

Monday, March 13

Ukrainians have received preferential mortgages for UAH 1.2B.

Ukrainians have received preferential mortgages for UAH 1.2B. Already, 45,000 Ukrainians have submitted applications to participate in the affordable 3% mortgage lending program through the state company Ukrfinzhitlo. Among them, 936 loans for UAH 1.2B have been...

Monday, March 6

Prices for new apartments in the Ukrainian capital have risen by 35% in a year, and in Lviv, by 82.7%.

Prices for new apartments in the Ukrainian capital have risen by 35% in a year, and in Lviv, by 82.7%. In February 2023, the average price per square meter in new buildings in Kyiv was UAH 61,200 ($1,675), which is 36.1% more than before the start of the full-scale war, according to M4U. It is noted th...

Monday, February 27

The construction of new housing in Ukraine dropped by 38%.

The construction of new housing in Ukraine dropped by 38%. In 2022, 7.1 million square meters of housing were commissioned in Ukraine, 38% less than a year earlier. It is noted that according to official estimates, 74,312 apartments in multi-apartment buildi...

Epicenter-K announces the construction of a new mall to replace one destroyed by the Russians.

Epicenter-K announces the construction of a new mall to replace one destroyed by the Russians. The Epicenter Group, specializing in home improvements and construction materials, will build a new Epicenter shopping and entertainment center with an area of about 100,000 square meters in the town ...

Wednesday, February 22

The Kyiv commercial real estate market is still constrained but shows signs of recovery.

The Kyiv commercial real estate market is still constrained but shows signs of recovery. The Kyiv office space market remained constrained in 2022 due to war, resulting in a decline of economic indicators and a dramatic slowing of commercial activity. According to market analysis by CBRE ...

Thursday, February 16

The Ukrainian government identified 26 areas of strategic subsoil use for investors.

The Ukrainian government identified 26 areas of strategic subsoil use for investors. The Cabinet of Ministers approved a list of 26 strategic mineral deposits, which will be made available for mining through tenders for production-sharing agreements. The list of subsoil areas contains...

Wednesday, February 15

The cost of rental housing in Ukraine increased in January.

The cost of rental housing in Ukraine increased in January. Last month, the average monthly rent for a studio apartment in Ukraine increased by 5.2% from UAH 5,699 ($155) to UAH 5,994 ($164). The Transcarpathia region took first place in rental prices, where r...

Tuesday, February 7

Turkey has been rocked by a series of powerful earthquakes that has led to the death of more than 2,000 people.

Turkey has been rocked by a series of powerful earthquakes that has led to the death of more than 2,000 people. An earthquake with a magnitude of 7.7 on the Richter scale shook the province of Kahramanmaras-Pazardzhik in Turkey on the morning of February 6. It became the most powerful earthquake since 1939. A f...

Wednesday, January 25

A new industrial park is registered in Ukraine.

A new industrial park is registered in Ukraine. The government has added another site to the Register of Industrial Parks, Mensky. It is located outside the city of Mena, Chernihiv Region, on the territory of the Mena City Council. In accordance wi...

Wednesday, January 18

More than 11 million square meters of land in Ukraine are littered with ammunition.

More than 11 million square meters of land in Ukraine are littered with ammunition. According to the State Inspectorate, because of Russia’s full-scale war over the first 10 months, 11.08 million square meters of Ukrainian lands have been littered with the remains of destroyed ...

Friday, January 13

There are still 18 Russian-controlled mining companies operating in Ukraine.

There are still 18 Russian-controlled mining companies operating in Ukraine. Among them, according to NADRA.INFO, are companies supplying metallic titanium, hard coal, hydrocarbons, limestone, clay, etc. In addition, the Russian invaders stole 63% of the country’s coal d...

Wednesday, January 11

Due to the war, Ukraine lost out on UAH 3B in rent payments.

Due to the war, Ukraine lost out on UAH 3B in rent payments. State and local budgets for the first half of 2022 lost more than UAH 3B in rent, the Accounting Chamber said. At the same time, over the past 2.5 years, the consolidated budget received UAH 196B from...

Wednesday, December 28

The war has changed Ukraine’s real estate market.

The war has changed Ukraine’s real estate market. From February 24 to December 12, Ukrainians sold 52,605 various real estate objects, which is a decrease of almost 80% compared to the same period in 2021. Residential real estate objects have occupie...

Thursday, December 22

Poland will allocate an additional €60M to develop the Ukrainian border infrastructure.

Poland will allocate an additional €60M to develop the Ukrainian border infrastructure. The Cabinet of Ministers approved changes to the previous agreement between Ukraine and Poland on providing Ukraine with soft credit for implementing investment projects. The Ministry of Reintegration...

Thursday, December 15

Ukraine will begin construction of a Bayraktar plant.

Ukraine will begin construction of a Bayraktar plant. The Ukrainian Parliament ratified the Framework Agreement between Ukraine and Turkey regarding cooperation in the field of high technologies, aviation, and space industries, signed on February 3, 2022...

Monday, December 12

An electronic queue for trucks has begun operating on the Polish border.

An electronic queue for trucks has begun operating on the Polish border. On December 12, the Electronic Border Crossing Queue for cargo vehicles began functioning at the Yagodyn-Dorogusk international checkpoint on the border with Poland, Ukrainian border guards reported. ...

Tuesday, December 6

As a result of Russia’s armed aggression, Ukraine’s land resources have suffered UAH 448.9B in damages.

As a result of Russia’s armed aggression, Ukraine’s land resources have suffered UAH 448.9B in damages. “The state co-inspection recorded that as of November 30, 2022, as a result of armed aggression, 291,826,950 m² were polluted and 8,099,793,440 m² of Ukrainian lands were littered with debris, ...

Rental rates for office space in Kyiv have decreased by 30%.

Rental rates for office space in Kyiv have decreased by 30%. Rental rates in the capital’s business centers have reduced by 30% since the beginning of the year, UTG reported. Analysts attribute this to a sharp drop in demand for office space, primarily fr...

Tuesday, November 22

Despite that war, the western region of Ukraine opens a new industrial park.

Despite that war, the western region of Ukraine opens a new industrial park. The NOVO industrial park was opened in the city of Novovolynsk in the Volyn region, which is located close to the Poland border, reported the Ministry of Economy. The new NOVO industrial park covers ...

Friday, November 18

More than 73% of the EU’s critical minerals are in Ukraine.

More than 73% of the EU’s critical minerals are in Ukraine. In 2021, Ukraine was among the top 10 countries producing titanium, iron ore, kaolin, manganese, zirconium, and graphite. Among the 120 types of minerals consumed in the world, 117 are found in Ukrain...

The EBRD will help Ukraine with the digitization of geological information.

The EBRD will help Ukraine with the digitization of geological information. The State Geology and Subsoil Service of Ukraine signed a memorandum on technical assistance with the European Bank for Reconstruction and Development, the head of the State Geonadre Roman Opimakh sai...

Thursday, November 17

The government allocates UAH 1.7B from the World Bank to individual regions for critical infrastructure repairs.

The government allocates UAH 1.7B from the World Bank to individual regions for critical infrastructure repairs. The Cabinet of Ministers approved the procedure and conditions of the budget subvention for the restoration of critical infrastructure, which will be financed by a loan from the IBRD from the World Ba...

Zelenskyy launches the Fund for the Liquidation of the Consequences of Russian Aggression.

Zelenskyy launches the Fund for the Liquidation of the Consequences of Russian Aggression. President Volodymyr Zelenskyy signed a law amending Ukraine’s 2022 budget to create the Fund for the Elimination of the Consequences of Armed Aggression. The legislation suggests that all money from t...

Ukraine will spend more than UAH 360M on road infrastructure development with Poland.

Ukraine will spend more than UAH 360M on road infrastructure development with Poland. The Cabinet of Ministers has allocated an additional UAH 360.7M to Ukravtodor to develop road infrastructure on the Ukrainian-Polish border, said the permanent representative of the Ukrainian Parliame...

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