The total area of residential buildings for which a notice of commencement of construction work (new construction) was registered in 2024 decreased by 7.2% compared to 2023, to 3.9 million square meters, the State Statistics Service (Ukrstat) reported.
According to the statistics agency, in January-December 2024, the total area of new construction of apartment buildings decreased by 8.6% year-on-year to 3 million 684.2 thousand square meters, while the area of single-family houses increased by 19.4% to 196.5 thousand square meters. The total area of new construction of collective housing also increased by 3.2 times, to 22.6 thousand square meters, which is the highest figure since 2019.
The number of apartments declared at the start of construction increased by 3.7% to 69.3 thousand, while the number of declared apartments in apartment buildings decreased by 11.4% compared to 2023 and amounted to 40.9 thousand square meters.
Lviv region became the leader in terms of new housing construction in 2024, with 793.2 thousand square meters, which is 8.9% less than in the previous year.
In Kyiv in 2024, the total area of new housing construction increased by 12% by 2023 to 335.6 thousand square meters, in the Kyiv region – by 3.3% to 636.3 thousand square meters.
The State Statistics Service also recorded high figures in Zakarpattia region (+44.6%, up to 370.2 thousand sq m), Ivano-Frankivsk region (minus 27%, up to 342.6 thousand sq m), Vinnytsia region (+36.7%, up to 315.1 thousand sq m). In other regions of Ukraine, the volume of new construction last year amounted to less than 200 thousand square meters.
The State Statistics Service reminds that the figures exclude the territories temporarily occupied by the Russian Federation and part of the territories where military operations are ongoing (or have been ongoing). As reported, the total area of new housing construction in 2023 amounted to 4.2 million square meters, in 2022 – 6.67 million square meters, in 2021 – 12.7 million square meters.
The Antimonopoly Committee of Ukraine has granted Kovalska Real Estate LLC permission to acquire a stake in the authorized capital of Kudryavsky Administrative and Warehouse Complex LLC, the agency’s website reports.
The Ministry made the decision on Thursday.
According to the report, Kovalska Real Estate LLC received permission to acquire a stake in ASC Kudryavsky, which ensures that the company’s supreme management body exceeds 50% of the votes.
According to Opendatabot, the owners of Kudryavsky JSIC are Atlas Mutual Fund (50%) and AMC Ukrainian Investment Society (50%), with Bohdan Serotiuk and Yuriy Sokolnytsky listed as the ultimate beneficiaries.
Kovalska Real Estate LLC is part of the Kovalska group and is engaged in residential construction. Its portfolio includes more than 20 completed residential projects.
As reported, in 2021, Kovalska Group announced its intention to revitalize the territory of the Kyiv Distillery in the Shevchenkivskyi district of Kyiv at 16A Kudriavska Street. The plant covers an area of about 2 hectares. Its buildings built in 1896 are recognized as an architectural monument of local significance, and the facade is under protection.
Kovalska Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation.
Only a third of Kyiv’s new buildings have joined the state program of preferential mortgage lending “eOselya”, the press service of the investment and development company City One Development told Interfax-Ukraine.
“The number of residential buildings in the capital where you can buy housing under the terms of the state mortgage program eHouse is increasing, now there are 48 of them, which is a third of the primary market in Kyiv. The vast majority of them offer housing in completed and commissioned buildings or in the final stages of construction. Only 13 residential complexes in the capital offer the opportunity to buy an apartment at the construction stage,” said Olena Shyshyna, an analyst at the company.
In her opinion, despite the constant changes, expansion of conditions and increase in the number of participants in the “eHouse”, the number of objects on the primary market, where you can buy an apartment under the state program, is still not enough to stimulate interest in new buildings.
According to the program manager, Ukrfinzhytlo, as of June 24, loans were issued to 11036 program participants for UAH 17.472 billion. Of these, only 359, or 3.25%, were for housing under construction.
The eOselya affordable mortgage program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and researchers can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing.
Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not have their own housing larger than the standard area can apply for the eHouse program at a 7% discount.
Under the terms of the program, privileged categories of participants can purchase housing in a building under construction and buildings not older than 10 years (in the capital and regional centers), while other participants can purchase housing in a building not older than 3 years or a building under construction.
Eight partner banks participate in the program: state-owned Oschadbank, PrivatBank, Ukrgasbank, Ukreximbank, Sens Bank, as well as Globus Bank, Sky Bank, and Bank Credit Dnipro JSC.
City One Development is an investment and development company that provides a range of services in the creation and development of real estate. Among the company’s projects in the capital are Novopecherski Lypky, Boulevard of Fountains, and Sviatobor. The portfolio of completed projects includes more than 900 thousand square meters, 600 thousand square meters under construction.
Japanese automaker Honda Motor Co. is considering the possibility of building an electric vehicle manufacturing plant in Canada, the Nikkei newspaper reports.
Investments in the project could reach 2 trillion yen ($14 billion).
Honda is considering several sites for the construction of the plant, including a site near the company’s existing facility in Ontario. The project may include the creation of facilities for the production of electric vehicle batteries, Nikkei notes.
The automaker intends to make a decision on the site for the construction of the Canadian plant by the end of 2024. The plant is expected to start operating in early 2028.
Honda is preparing to start production of electric vehicles and batteries in the US state of Ohio in 2026, and the Canadian plant will become the second largest Japanese company in North America.
This region accounts for about 40% of all Honda sales.
Biopharma is exploring the possibility of building a new plant by 2027, the company’s president Konstantin Efimenko said.
“We have already processed almost 300 thousand liters of plasma, the company’s turnover is slightly more than $100 million, and we need to triple the company’s turnover in four years. But it will not be possible to increase capacity further, we need to build a new plant. The new plant should be ready by 2027. To make it ready by 2027, we need to start tomorrow,” he said during the forum “Dialogues on Sustainability. How Business Develops in Times of War” forum in Kyiv on Thursday.
Efymenko also said that Biopharma plans to build a plant in Romania, but this is not a strategy to reduce dependence on Ukraine, but a way to “increase turnover.”
At the same time, Efimenko noted that attracting investments to Ukraine is currently hampered, in particular, by the issues of war risk insurance and the withdrawal of dividends.
“Biopharma is concerned about this issue, but not so much, because we are here with the foundation of the White Church, with the land. We are already here and will be here. But I am worried about other investors coming here, because the question will arise who needs our country,” he said.
As reported, Biopharma plans to triple the number of its plasma centers to 30 by 2027.
The volume of construction work performed in Ukraine in January-June 2022 decreased by 2.1 times compared to the same period in 2021 – to 36 billion UAH, according to the State Statistics Service (Derzhstat).
According to the State Statistics Service, in June 2022 the volume of construction works was only 22.2% of the June 2021 figure. At the same time the figure rose by 18.5% in June against May this year.
According to the State Statistics Committee, in the first half of 2022 to January-June 2021 the reduction of construction works was observed in all segments of construction. Thus, the volume of construction work in the residential construction decreased by 2.1 times – to UAH 7.6 billion (37.3%), in non-residential – twice, to UAH 9.9 billion (39.5%), in the segment of engineering structures – in 2.2 times, to UAH 18.3 billion (36.6%).
The share of new construction to the total volume of construction work was 43.8%, repair – 27,4%, reconstruction and technical re-equipment – 28,8%.
The State Statistics Service notes that the publication of data was delayed due to the martial law. Data excludes temporarily occupied Crimea and temporarily occupied territories in Donetsk and Luhansk regions.
Recall that earlier RAUTA presented an analysis of the metal construction market in Ukraine.
Rauta is a leading provider of modern solutions for prefabricated buildings – sandwich panels, metal ventilated facades, steel frames, load-bearing profiles, etc. The company offers services for the design, installation of load-bearing and enclosing structures, as well as general contracting at facilities of any complexity. The main business of the company is the import of Ruukki products for commercial construction projects. We use production facilities located in Poland, Estonia and Ukraine.
