Real Estate

Friday, August 4

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...

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...

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