The number of active construction sites in Kyiv increased by 17 in August to 173, M4U founder Volodymyr Danilenko told Interfax-Ukraine.
“The number of active construction sites in Kyiv continues to grow. In August, another 17 construction sites resumed work, the total number of active sites reached 173. However, this is still 22% less than before the war,” he said.
According to M4U, most of the new buildings (29 residential complexes) are concentrated in the Goloseevsky district of Kyiv, the second largest is the Pechersky district, where 24 objects are currently being built. The fewest active construction projects are in the Dniprovskyi district – 10.
The average cost per square meter in objects under construction in August amounted to 59,434 UAH. This is 9.1% more than in July and 32.1% more than in February 2022.
As noted in the study, average prices for comfort class (up to UAH 43,472/sq.m.) and elite class (up to UAH 142,071/sq.m.) increased by 7.9%. A square meter in business-class new buildings has risen in price by 6.3% – up to UAH 75,885. The rise in prices in the economy class amounted to only 2.8%, such property in August cost an average of 31,368 UAH per sq. m. m.
“Until February, we observed an increase in prices due to a reduction in supply in the market against the backdrop of stable demand. Now, when demand has decreased by 90%, prices continue to rise due to the shortage of building materials, the increase in their cost, the need to find new suppliers, and also because of the change in the dollar exchange rate, to which the cost of most developers is pegged. This is a completely natural process that will continue over the next months,” Danilenko said.
Traditionally, expensive objects are concentrated in the Pechersky district, where the average cost per square meter in August amounted to 117,889 UAH. The cheapest square meter is in the Darnytskyi district – an average of 33,799 UAH.
Established in February 2020, the Ukrainian proptech company M4U specializes in the development and implementation of complex intelligent solutions in the field of real estate development.
