The residential real estate market is adapting to wartime conditions, and transactions have increased by a third over the year, the Association of Residential Real Estate Developers RED Community reported.
The DODOMU mortgage agency noted that the market shows signs of recovery after the number of real estate transactions fell by 75%, from 915,200 in 2021 to 224,200 in 2022. According to general statistics, the number of contracts increased by approximately 30% this year. Moreover, almost 295,000 contracts are expected in Ukraine by the end of the year.
However, the secondary market prevails over the primary one: builders compete not among themselves but for buyers in the secondary market. Therefore, according to the DODOMU study, the average cost of housing in Kyiv on the secondary market has increased by 30% over the year and is $1,100 per square meter. The newly constructed apartment prices practically did not change and are currently at $1,232 per square meter.