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cargo were exported on board 1,954 ships. In particular, 37.4mn tonnes of agricultural products were exported to 45 countries. Currently, 68 ships are waiting to approach the ports of Odesa, Chornomorsk, and Pivdenny.
The port authority plans to invest all of the port’s earnings into infrastructure and restore it to at least pre-war levels; more than $222M will be needed. Head of the Administration of Sea Ports of Ukraine (AMPU) Yuriy Lytvyn claims that the ports will work around the clock to restore infrastructure. According to him, AMPU set itself a priority task over the next two years to restore the port infrastructure to at least the pre-war level, for which the institution needs ₴9-9.5B ($222M). Lytvyn also said that Ukraine is finalizing negotiations on the resumption of ferry service from Azerbaijan. This would provide transportation from Baku to Ukraine and transit through all the countries that the ships pass through. At the same time, Lytvyn emphasized that the ferry line’s operation will depend on the market, including crop yield, the agricultural sector’s performance, the nomenclature of goods for export-import, and the functioning of the economy in general.
The sea corridor created by Ukraine’s Navy has already enabled the export of almost 50 million tons of cargo, handling 1,737 vessels at Ukrainian seaports. In the 2023/2024 marketing year (from July 1, 2023, to May 30, 2024), Ukraine exported 46.72 million tons of grain and leguminous crops, including 17.33 million tons of wheat.
9.1.4 Construction & Real estate sector news
Ukraine’s demand for housing in new buildings reaches only 35% of the pre-war level. The demand for housing in new construction in Ukraine is approximately 35% of the pre-war level, but in some western regions, it has increased by 50%, according to the GAZDA construction company. It is reported that more than 90% of the demand for primary housing is currently concentrated in cities considered safer, such as Uzhhorod, Chernivtsi, Lviv, Ivano-Frankivsk, Zhytomyr, Dnipro, Vinnytsia, and Kyiv. Most buyers are interested in ready-to-occupy housing or objects at the final stage of construction. Up to a third of the demand is made up of new lines of residential complexes or cottage towns under active construction, and approximately a fifth of demand is for objects that are 30% complete. Meanwhile, apartments in new buildings are becoming cheaper in Kyiv. Over the past month, the price per square meter fell by 14.3% (-$206.2) to $1,235. However, analysts note that this is an emerging trend because, over the past six months, the price for a square meter, on the contrary, became more expensive by $197 (18.77%).
In the first quarter, real estate developers started construction on a record-low number of new buildings. In Ukraine, during the first quarter of 2024, real estate developers started constructing only 9,900 new apartments, reported the State Statistics Service. The rate of new construction is lower than even in the first quarter of 2020 when the coronavirus pandemic began. For comparison, in the last year before the full-scale invasion, during the first quarter, construction started on 19,400 new apartments; in 2023, this indicator decreased to 14,300 apartments. A total of 1,500 new apartments have been built in Kyiv since the beginning of the year. The total supply volume on Kyiv's primary market decreased from 192 before the war to 147 objects, a decrease of 23%. Only 60% of residential complexes where apartments are being sold
99 UKRAINE Country Report July 2024 www.intellinews.com