The shelling changed the situation on the real estate market in Kyiv: how much does an apartment cost now

31 May 2023, 14:07 | Economy
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In Kyiv, as a result of a series of rocket attacks, the number of agreements on renting and selling apartments has fallen. OBOZREVATEL writes about this with reference to data from real estate agencies and surveys of realtors..

Kiev realtor Yulia Kurganova says: by mid-May, the agreements that were agreed upon earlier were closed. Now buyers refuse to buy housing.

" There are no people moving to Kyiv who are looking for apartments to rent or buy in order to arrange life in Kyiv. And there were a lot of them,"

According to the statistics of the lun agency, the average cost of a one-room apartment in Kyiv is 44.5 thousand. dollars (only sold housing). At the same time, according to the announcements, the average price, taking into account unsold apartments, is 58 thousand dollars..

Demand is only in the budget segment of the market.

The average cost of renting a one-room apartment in Kyiv is 10 thousand. UAH. (the minimum cost fluctuates around 6 thousand. UAH.

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For comparison, in Lviv the same one-room apartment will cost 40% more - 14 thousand. UAH. At the same time, the demand for rent and sale in cities that were slightly affected by rocket attacks, such as Lviv, Uzhgorod, even increased..

Investments in housing also stopped in Kyiv.

The worst situation in the primary market. Due to a power outage in 2022, the pace of construction stopped at facilities that had no financial problems. The remaining developers were left without funds and froze projects even before the power outage. In Kyiv, as of May 2023, construction has resumed on only 54% of objects.

For comparison, in the Lviv region it is 91%. But the situation is even worse in Mykolaiv (29%) and Zaporozhye (32%) regions. In the Kharkiv region, work is underway on only 17% of objects.




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