Business news from Ukraine

75% of residential complexes in Ukraine have resumed construction – LUN

27 July , 2023  

On average, 75% of residential complexes in Ukraine have resumed construction works, while 82% have resumed sales, according to statistics from LUN portal.

According to the research presented at the conference “Analytics of the Ukrainian Real Estate Market: First Half of 2023”, more and more developers are resuming construction. As of today, 75% of residential complexes have resumed work on construction sites, while at the end of last year this figure was 69%.

The leaders in the resumption of construction work are the western and central regions of Ukraine, where the number of active construction sites is 88-96%. At the same time, 62% of residential complexes in Kyiv resumed construction, and 68% in the region. Kharkiv (19%), Mykolaiv (35%), and Zaporizhzhia (32%) regions show low rates of construction resumption.

According to LUN, as of July 25, 82% of new buildings out of 1,772 projects that were sold before the full-scale invasion began were sold. This figure corresponds to the data from June and is the highest since February 24, 2022.

Sales are most active in the western regions of Ukraine: 98% of residential complexes are sold in Zakarpattia region, 97% in Ivano-Frankivsk region, and 94% in Lviv region. Cherkasy, Kirovohrad, Zhytomyr, and Vinnytsia regions also have high rates (over 90% of open sales). In Kyiv and the region, the figure is 79% and 80%, respectively.

The lowest number of residential complexes for sale is in Mykolaiv region (67%), Zaporizhzhia region (40%) and Kharkiv region (19%).

At the same time, some developers completed sales during the full-scale war. According to LUN, 218 residential complexes were sold in Ukraine, most of them in Lviv region (46), Kyiv and Kyiv region (20 and 25 respectively), as well as in Odesa (23), Ivano-Frankivsk (20) and Zakarpattia (14) regions.