Business news from Ukraine

PRICES FOR CONSTRUCTION WORKS IN UKRAINE INCREASE BY 17.5% IN 2021

31 January , 2022  

Prices for construction and assembly work in Ukraine increased by 17.5% in 2021 compared to 2020, the State Statistics Service reported. According to the Statistics Service, during the year, prices increased in all segments of construction: in residential construction, a growth was 12.4%, in non-residential construction – 15.9%, and in engineering – 21.9%.
In December 2021 versus December 2020, the cost of construction work in residential construction increased by 19.7%, in non-residential construction – by 21.4%, and in engineering – by 20.3%.
In addition, the State Statistics Service reported that in December 2021 compared to November 2021, the cost of construction of residential buildings increased by 1.7%, non-residential – by 1.2%, while the cost of construction of engineering structures decreased by 0.8%.
According to it, in 2020, prices for construction work in Ukraine increased by 3.7% compared to the previous year, while in 2019 – by 6%.
The figures are given without taking into account the annexed territory of Crimea and Sevastopol, as well as parts of the occupied territories of Donetsk and Luhansk regions, the State Statistics Service notes.

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