As reported by Ukrainian real estate developer Avalon, in Lviv since 2022 the geography of buyers has significantly expanded, and about half of the transactions are made for investment purposes. This year, three categories of investors are active in the Lviv’s residential real estate market, and their ratio is dependent upon the class and stage of project implementation.
At the start of a typical project, 60% of clients buy for investment, and with projects that are closer to completion there are more buyers for personal use. The most significant category (over 50%) is those who intend to live in the property. These buyers must compete with the secondary market. The remaining transactions are divided between clients who need to “simply save” money (about 20%) and professional investors (30%).
At the same time, there is a decrease in the share of investors who buy flats for further resale, and an increase in the share of those who invest in housing to rent it out to generate passive income.