Business news from Ukraine

Housing prices in Ukraine increased by 16% – State Statistics Service

23 May , 2024  

The housing price index in Ukraine in January-March 2024 amounted to 116%, while in the same period in 2023 the figure was 111.4%, the State Statistics Service (Ukrstat) reported.

According to it, in the primary market, housing prices in the first quarter of 2024 accelerated growth to 17.6% compared to 9.8% in the first quarter of last year. Three-bedroom apartments rose in price the most – by 17.9%. The price increase for one-bedroom apartments was 17.8%, and for two-bedroom apartments – 17.5%.

In the secondary market, prices accelerated growth to 15.3% in January-March 2024, up from 12.5% in the same period in 2023. Thus, the growth in prices for one-bedroom apartments amounted to 15.9%, two-bedroom apartments – 15.2%, three-bedroom apartments – 15.5%.

According to the statistics agency, compared to the previous quarter, housing prices rose by 5.7%, with a 5.2% increase in the primary market and a 6% increase in the secondary market.

According to the State Statistics Service, in the first quarter of 2024, prices for primary housing increased by 5.2% for one-bedroom apartments compared to the fourth quarter of 2023, by 5.3% for two-bedroom apartments, and by 4.9% for three-bedroom apartments. In the secondary market, prices increased by 6.1%, 6.2% and 5.9%, respectively.

The State Statistics Service noted that the figures exclude the temporarily occupied territories and part of the territories where hostilities are (were) conducted.