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 up by the high demand placed on enterprises producing building materials, reported a DIM group of companies.

In the first half of 2023, the weighted average price per square meter in residential complexes in the capital increased from 15% – 23%, depending on the level of actual demand for the particular object. And, the cost of construction increased by 33%. Prices are primarily being driven up by the constant growth in the cost of construction, in particular, the costs of building materials as well as construction and installation work.

In the first half of the year, according to market analysts, the average price per square meter of concrete has already risen an average of 6% -10%, glass – 46% -53%, fuel and lubricants – 15% -20%. Also, there has been a significant increase in delivery times, and complications in logistics chains continue to affect the building material market.