Business news from Ukraine

Business news from Ukraine

Cost of cottages and townhouses in Kyiv increased by 74.5%

12 October , 2022  

The average price of 1 square meter in the cottage towns of Kyiv as of October 1, 2022, according to the consulting company “RealExpo” and the suburban real estate portal www.zagorodna.com, was UAH 58,489, which is UAH 24,970. more than in January. The price increase in hryvnias since the beginning of the year was 74.49%.

This growth is associated with a 51% increase in the dollar since the beginning of the year, a 50% increase in the cost of construction materials. The real value of a square minus the rising dollar in hryvnias increased by +23.49% over 9 months.

As for the cost in the cottage villages of Kyiv, according to Viktor Kovalenko, the director of the CC “RealExpo” and the head of the portal www.zagorodna.com, “built cottage towns and apartments in new buildings put a lot of pressure on it.”

Average cost in cottage towns of Kyiv,
January-September 2022, UAH/sq.m
(according to www.zagorodna.com)

District of Kyiv January September
Holosiivskyi        43451       76324
Darnytskyi          23356       43747
Desnyanskyi       20440      30688
Dniprovsky                           22929
Obolonsky           39854
Pechersky            60300
Podolsky              54411       91039
Svyatoshinsky     28297     46397
Solomianskyi      26550      50392
MIDDLE              33519      58489

The minimum cost of 1 square meter. m – UAH 20,550. in the built townhouses “Pyrogovo” on the street Laureatska, 102 in Holosiivsky district.

The maximum cost of 1 sq.m. m – UAH 150,000. in the ready KM “Konyk” on the street Lyutnev in the Holosiiv district.

The leader in terms of the average cost of a “square” in the cottage villages of Kyiv is Podilsky district (91,039 UAH). The average cost has increased by 67.3% since the beginning of the year; in second place – Holosiivskyi district (76,324 hryvnias). The price per square meter in the district has increased by 75.65% since the beginning of the year; in third place – Solomyansky district (50,392 hryvnias), the average price per square meter has increased by 89.8% since January.

In the Dnipro district, the average cost of a “square” is the lowest in Kyiv – UAH 22,929.

The average price per square meter in the cottage towns of Kyiv varied depending on the type of real estate. As of 01/10/2022, it looked like this:

The cost of types of real estate in cottage towns of Kyiv,
UAH/sq.m, January-September 2022

Property type January September
Duplex                25829     36989
Townhouse        28164      52944
Quadrex              47369     93717
Cottage                41817      64203

“Square” in quadrexes turned out to be the most expensive, since there are only 2 towns with quadrexes, and the price in one of them is very high and affects the average cost.
In second place in terms of cost are cottages (64,203 UAH). Their cost is 21.27% more expensive than a square meter in townhouses. A square meter in townhouses is 43.13% more expensive than in duplexes.

The average price per square meter in the cottage towns of Kyiv varied depending on the state of construction/readiness. As of 01/10/2022, it looked like this:

The average price per square meter in the cottage towns of Kyiv varied depending on the state of construction/readiness. As of 01/10/2022, it looked like this:

under construction – UAH 58,005;
built – UAH 59,835.

The average cost of a “square” in built towns is 3.15% more expensive than in towns under construction.

Conclusions:
The growth of prices in the cottage towns of Kyiv is influenced by:

– lack of solvent demand;
– lack of buyer-investors;
– increase in the dollar rate;
– the increase in the cost of construction materials and the increase in the price of logistics;
– fuel price increase;
– migration processes;
– labor shortage;
– unpredictability of war;
– difficult economic situation and inflation;
– lack of lending to developers;
– destruction of the installment mechanism

The price of a “square” depends on the location: the closer to the center of Kyiv, the more expensive it is; depending on the type of real estate: “square” townhouses are cheaper, cottages are more expensive; from the state of construction: in built towns, the cost of a “square” is higher than in towns under construction.

Buy and sell cottages and townhouses in Kyiv on the suburban real estate portal zagorodna.com

Author: Viktor Kovalenko, director of the RealExpo consulting company