Buying an apartment will cost more: How has real estate become more expensive in Ukraine?

According to information from the State Statistics Service, the most expensive at the moment are two-room apartments on the secondary market.

Buying residential real estate in Ukraine has become even more expensive. Thus, according to State Statistics Service data, prices in the real estate market increased by an average of 14.5% in 2023.

According to the ministry, the most expensive at the moment are two-room apartments on the secondary market. At the same time, apartment prices increased by 12.8% in the primary market last year and by 15.6% in the secondary market. It now costs 14% more to buy a one-bedroom flat in the primary market, 11.1% more for a two-room flat, and 17% more in the secondary market. At the same time, the cost of three-room apartments increased by 13.5 percent in the primary market and 14.8 percent in the secondary market.

The increase in housing prices in Ukraine was above official inflation rates. Thus, according to the Ministry of Economy, the inflation rate was 5.1% at the end of 2023.

Rent is expensive: How much does it cost to rent a house in different areas?

Leader in rental costs according to the State Statistics Service Transcarpathian region. Here the rental price in 2023 increased by more than 46% and reached: 12,731 hryvnia per month. Second – Lviv region. Rental prices in this area have increased by 7.4% since the beginning of the year. 11,789 hryvnia.

Here Renting a one-room apartment in Kiev has become more expensive by 14.3% – 8,727 hryvnia. The capital ranks third in terms of the high cost of rental housing.

Ukrainians who rent housing in some central regions of Ukraine have to pay a lot of money. And the lowest prices are in frontline areas. For example:

  • In the Kherson region – 2,960 hryvnia;
  • in Sumskaya – 3,008 hryvnia;
  • In Nikolaevskaya – 3,501 hryvnia.

let’s remind this Focus I have already written that the demand for apartments in new buildings has increased greatly in Kiev, Lvov, Chernivtsi and some other cities. According to Anna Laevskaya, commercial director of the Intergal-Bud company, the most popular objects in the capital are new comfort class buildings. The price of such housing varies between 1.4-1.6 thousand dollars per square meter.

Meanwhile, recently Focus He talked about a couple who, out of desperation, moved to live in an old church. The couple did a major renovation and now many people are jealous of their new home.

Source: Focus

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