Business news from Ukraine

Business news from Ukraine

Prices for construction works in Ukraine increased by 5.1% over year

10 December , 2024  

Prices for construction and installation works in Ukraine in October 2024 increased by 5.1% compared to October 2023, the State Statistics Service (Ukrstat) reported.

According to the statistics agency, in October 2024 compared to October 2023, prices increased in all segments of construction: in residential construction, the growth was 7%, in non-residential construction – 5%, in engineering – 4.5%. At the same time, compared to September of this year, prices increased only in residential construction – by 0.1%, while in non-residential construction they decreased by 0.1% and in engineering construction – by 0.4%.

In October-2024 to December-2023, prices for construction and installation works increased by 5.8%, while in the first ten months of 2024, prices for construction works increased by 8.2% compared to the same period a year earlier.

As reported, in 2023, prices for construction and installation works increased by 15.8% compared to 2022.

The State Statistics Service indicated that the figures are given without taking into account the temporarily occupied territories and part of the territories where hostilities are (were) taking place.