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posted in the Lviv region: 499,000 square metres (7,000 apartments). In Kyiv, the total new housing construction area was 330,300 square metres (2,900 apartments). As for the secondary market, demand for housing in the capital was recorded at 75% of the pre-war 2021 level. Prices rose in most places, especially in the western and central regions. The highest growth was observed in Rivne, Lutsk, Zhytomyr and Ivano-Frankivsk. The median cost of one-room apartments in these cities climbed by 17-29%.
Developers share 2025 forecasts for new housing in Ukraine. In 2025, depending on the construction stage, the new building's region, and the object's quality and class, the price rises on the primary housing market can range from 10% to 20-25%. "If the macroeconomic situation is relatively stable, prices will increase within 5-10% due to inflation and the gradual recovery of the construction industry. Demand from displaced persons and the shortage of new housing will also raise prices because almost no new projects have been launched," Alliance Novobud noted. The GAZDA construction company predicts an even more significant price increase for several reasons:
● The level of inflation will affect the rise in the cost of building materials and construction and installation works.
● The dollar exchange rate may increase by an average of 10%.
● Changes in taxation, particularly an increase in military duty from 1.5% to 5%.
● Demand level – price differentiation is possible according to several criteria: safe location, residential complex quality, state of construction and housing purchasing method (mortgage, installments).
Housing is becoming more expensive in Ukraine; developers have started new projects. In the third quarter of 2024, prices for residential real estate in Ukraine, compared to the same period in 2023, climbed by an average of 11.7%. Prices for apartments on the primary market wnet up the most, according to the State Statistics Service. The prices on the primary market have risen by 14.1% during the year and 10.5% on the secondary market. One-room apartment prices on the primary market went up by 13.9%, 10% on the secondary market; two-room apartments on the primary market jumped in price by 14.8%, 11.1% on the secondary market; three-room apartments on the primary market increased in price by 13.6% and 10.3% on the secondary market. RIEL, a Ukrainian development company, announced that in 2024-2025 it will start building new housing projects with a total area of approximately 460,000 square metres. Of them, 230,000 square metres are in Kyiv and almost the same in Lviv. New residential developments were announced in Lviv and in Kyiv, with 7,360 total apartments.
• 6.4 Retail
Experts believe that the growth rate of private household consumption
will decrease slightly due to slower income growth in 2025.
Ukrainian retailers opened 2,279 stores in the first 10 months of the year.
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