Business news from Ukraine

Housing prices in Ukraine increased by 16.2%

28 January , 2024  

The housing price index in Ukraine in July-September 2023 amounted to 116.2%, while in the same period of 2022 the figure was 114.2%, the State Statistics Service (Ukrstat) reported.

According to it, in the primary market, housing prices in the third quarter of 2023 accelerated growth to 14.6% compared to 11.9% in the third quarter of the previous year. Three-bedroom apartments rose in price the most – by 16%. The price increase for one-bedroom apartments was 15.6%, and for two-bedroom apartments – 12.8%.

In the secondary market, prices accelerated growth to 17.1% in the third quarter of 2023, up from 15.6% in the same period of 2022. Thus, the growth in prices for three-room apartments amounted to 18.5%, two-room apartments – 17.9%, one-room apartments – 14.1%.

Overall, in the first nine months of 2023, housing prices increased by 13.9% compared to the same period in 2022. In the primary market, the growth was 12.2%, in the secondary market – 15.1%.

According to the statistics agency, compared to the previous quarter, housing prices in July-September 2023 increased by 6%, with a 4.5% increase in the primary market and a 6.9% increase in the secondary market.

According to the State Statistics Service, in the third quarter, prices for primary housing increased by 3.6% for one-bedroom apartments compared to the second quarter, by 4.9% for two-bedroom apartments, and by 6% for three-bedroom apartments. On the secondary market, prices rose by 5.1%, 7.5% and 7.6%, respectively.

The State Statistics Service noted that the figures exclude the temporarily occupied territories and part of the territories where military operations are ongoing (or have been ongoing).