Business news from Ukraine

Business news from Ukraine

COMMISSIONING OF HOUSING IN UKRAINE INCREASES BY 50% TO 4.9 MLN SQ METERS

Commissioning of housing in Ukraine through January-June 2019 increased by 50.6% compared to 2018, to 4.911 million square meters. According to the report, 2.887 million square meters of housing was commissioned in urban areas in the first six months of 2019, and 2.024 million in rural areas. Some 58% of total volume of housing was commissioned in single-family houses, and 42% in houses with two and more apartments.
Over the period, 53,258 apartments were commissioned, including 45,400 in urban areas and 17,900 in rural areas. Average area of apartments was 92.2 square meters.
Some 54.1% of housing was commissioned in Lviv, Ivano-Frankivsk and Odesa regions in the first half of 2019, in particular in Kyiv city – 430,600 square meters.
The decline in the volume of commissioning was seen in Kharkiv region – by 35.7%, to 129,700 square meters.
The largest growth in housing commissioning year-over-year (not taking into account temporary commissioning rules) was seen in Chernivtsi (by 364.6%, to 270,400 square meters), Ternopil (by 273%, to 199,600 square meters) and Ivano-Frankivsk regions (by 272.1%, to 431,600 square meters).