Business news from Ukraine

Business news from Ukraine

Construction Output in Ukraine Fell by 5.1% Over 9 Months

The volume of construction work completed in Ukraine from January through September 2026 decreased by 5.1% compared to January through September 2025, according to data from the State Statistics Service (Derzhstat).

According to the statistics agency, the volume of construction output in January–September totaled 194.5 billion hryvnias.

According to the State Statistics Service, over the nine-month period, the volume of construction of residential buildings fell by 1.9% compared to January–September of last year, nonresidential buildings by 7.2%, and civil engineering structures by 4.7%.

From September 2026 to September 2025, construction volumes increased by 23.2%, including a 5.7% increase in residential construction and a 51.9% increase in the construction of engineering structures. At the same time, construction volumes for non-residential buildings decreased by 13.2%.

In September 2026 compared to the previous month, construction volumes increased by 37.9%; specifically, in the residential category by 14.6% and in civil engineering structures by 79.3%. In contrast, construction of non-residential buildings decreased by 8.7%.

According to the agency’s seasonally adjusted data, construction output indices in September 2026 stood at 68.8% for residential construction, 126.3% for nonresidential construction, and 167.3% for civil engineering; and, taking into account the calendar-day effect, the figures were 74.4%, 139.8%, and 208.5%, respectively.

The share of new construction in the total volume of construction work completed in July was 41.6%, repairs—27.3%, and reconstruction and other work—31.1%.

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Demand for New Construction in Kyiv Fell by 33% in October – DIM.RIA

Demand for apartments in new construction projects in Kyiv in October 2026 fell by 33% compared to September, while the median price per square meter in the capital’s primary market rose by 5.8% to $1,504.

This is according to the results of a study by the DIM.RIA real estate marketplace for October 2026.

According to analysts, a decline in demand for new construction was observed in most regions of Ukraine; however, Kyiv showed the most significant drop among the indicators cited in the study.

At the same time, interest in new-construction housing increased in a number of regions. The largest growth in demand was recorded in Zakarpattia Oblast—by 15%, Dnipropetrovsk Oblast—by 12%, and Mykolaiv Oblast—by 9%.

Despite the weakening demand, the median price per square meter in new-construction housing continued to rise in most regions.

The largest price increase in October occurred in Zaporizhzhia Oblast, where the median price rose by 10.7%. In Poltava Oblast, the increase was 6.2%; in Kyiv, 5.8%; and in Kirovohrad Oblast, 5.2%.

At the same time, in the Chernivtsi region, the price per square meter in new-build properties fell by 8.3%, and in the Ivano-Frankivsk region, by 5.5%.

In Kyiv, the most expensive district for purchasing new housing remains Pecherskyi, where the median price per square meter is $2,855.

The most affordable new-construction properties are found in the Desnianskyi district, with a median price of $864 per square meter.

Thus, the difference between the price per square meter in the capital’s most expensive and most affordable districts exceeds 3.3 times.

Housing construction continues despite declining demand

According to DIM.RIA, in October 2026, 85% of new-construction sales departments in Ukraine remained operational.

The highest proportion of operational sales departments was recorded in Zakarpattia Oblast—98%—as well as in Lviv and Volyn Oblasts—97% each.

In contrast, the most challenging situation was observed in the Kharkiv region, where only 29% of sales departments were operational.

In the Zaporizhzhia region, the corresponding figure was 44%, and in the Sumy region, 46%.

During October, 14 new residential buildings were commissioned in Ukraine, comprising a total of 23 sections.

The largest number of sections commissioned was in Kyiv and the Kyiv region—14, nine of which are located directly in the capital.

Another four sections were commissioned in the Dnipropetrovsk region, and one each in the Lviv, Vinnytsia, Ivano-Frankivsk, Volyn, and Chernivtsi regions.

Thus, despite a decline in demand, construction activity in Ukraine’s primary market continues, although its intensity varies significantly by region.

At the same time, an increase in the median asking price does not necessarily mean a corresponding increase in the value of actual transactions. Marketplace metrics reflect the structure of listings and user activity on the platform.

DIM.RIA is a Ukrainian real estate marketplace that specializes in posting and verifying listings for the sale and rental of residential properties, and regularly publishes analytical reports on the primary and secondary markets.

 

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Rents for one-bedroom apartments in Zakarpattia Have Become More Expensive Than in Kyiv — Analysis

The median rent for a one-bedroom apartment in Zakarpattia Oblast rose by 17% in October 2026, to 34,000 UAH per month, making the region the most expensive in this regard among those included in the DIM.RIA study. At the same time, in Kyiv, the median rental cost fell by 21%, to 26,000 UAH per month.

This is evidenced by the results of the October study of the Ukrainian residential real estate market conducted by the DIM.RIA marketplace.
Thus, as of the end of October, the median rental price for a one-bedroom apartment in Zakarpattia exceeded the capital’s figure by 8,000 UAH, or approximately 31%.

For comparison, in September 2026, according to a previous DIM.RIA study, the median rent for a one-bedroom apartment in Kyiv was 33,000 UAH, while in Zakarpattia Oblast it was 29,000 UAH.
Consequently, a noticeable reshuffling of the leaders in the residential rental market took place over the course of a single month.

Rents Continue to Rise in Western Regions
According to DIM.RIA, high rates of rent growth were observed in a number of western regions of Ukraine in October.
Specifically, in Ivano-Frankivsk Oblast, the median monthly rent for a one-bedroom apartment reached 25,300 UAH, which is 12% higher than in September and 48% higher than a year ago.

In Ternopil Oblast, monthly rent rose by 15% to 20,700 UAH. On an annual basis, the increase was 81%, one of the most significant figures among the regions listed.
In the Lviv region, the median rent rose by 3% over the month and by 24% over the year, reaching 21,000 UAH.

In the Vinnytsia and Dnipropetrovsk regions, the rent for a one-bedroom apartment was 22,000 UAH per month.
In both regions, prices remained unchanged compared to September, but increased by 47% year-over-year.

Thus, in October, several regions of Ukraine outpaced the capital in terms of the rate of increase in rental housing prices.
At the same time, these figures represent the median prices listed in ads, not the average cost of actual lease agreements.

In Kyiv, prices have fallen, but the difference between districts remains significant
Despite a decrease in the median rental cost in Kyiv to 26,000 UAH per month, housing costs vary significantly depending on the district.

According to DIM.RIA, the most expensive one-bedroom apartments are still in the Pecherskyi district, where the average rent is 36,800 UAH per month.
The most affordable housing can be rented in the Desnianskyi district, where the average cost of a one-room apartment is 12,000 UAH.

Thus, renting a one-room apartment in the Pecherskyi district is approximately three times more expensive than in the Desnianskyi district.
At the same time, in October, the number of apartment rental listings in Kyiv decreased by 20%.

A similar decline in supply was recorded in the Kyiv region.
An even more significant reduction in the number of rental listings was observed in the Zakarpattia region—by 27%, the Sumy region—by 22%, and the Poltava region—by 21%.

At the same time, the number of available listings increased in a number of other regions.
The largest increases in supply were recorded in the Kirovohrad region (32%), the Zhytomyr region (30%), the Volyn region (25%), and the Zaporizhzhia region (24%).

There are 15 potential tenants per listing in the Lviv region
Despite mixed trends in prices and supply, interest in renting housing declined in all regions of Ukraine in October.

According to DIM.RIA, the largest decline in demand was recorded in the Kherson region—by 28%.
In the Volyn and Mykolaiv regions, the figure fell by 27%; in the Sumy region, by 23%; and in the Kirovohrad region, by 22%.

However, even amid an overall decline in demand, significant competition among potential renters persists in certain regions.
The greatest imbalance between supply and demand was recorded in the Lviv region, where there are 15 potential tenants per listing.

In the Rivne region, the corresponding figure is 14; in the Ternopil region, 13; and in the Vinnytsia region, 12.
These figures reflect the ratio of user activity to the number of listings on the marketplace, rather than the actual number of lease agreements signed.

Overall, October’s statistics indicate a widening of regional disparities in Ukraine’s rental housing market. While prices fell in the capital, rents continued to rise in Zakarpattia and a number of other western regions.

However, a decline in demand does not necessarily lead to lower prices, as rental costs are also influenced by the number of available apartments, their characteristics, and the structure of the supply.

DIM.RIA is a Ukrainian marketplace for verified real estate that specializes in the sale and rental of residential and commercial properties. The company regularly conducts research on price trends, supply, and demand in Ukraine’s real estate market.

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Only 18% of Rental Apartments in Ukraine Allow Pets – Study

In Ukraine, only 18% of apartments offered for long-term rental allow tenants to live with pets. As of the end of September 2026, the DIM.RIA real estate marketplace listed 3,425 such apartments across the country.

This is evidenced by the results of a joint study by the verified real estate marketplace DIM.RIA and the animal protection organization UAnimals, published in early October 2026 to mark World Animal Day.

According to the study, in Kyiv, only 18% of apartment rental listings allow tenants to live with pets. The same figure was recorded in Odesa region, while in Lviv region it stood at 17%.

The highest share of apartments whose owners allow pets was recorded in Chernihiv and Sumy regions, at 40% of the total number of rental offers in each region.

At the same time, analysts note that the high percentage in these regions may be explained by the relatively small number of apartments available on the rental market.

The situation with renting private houses proved more favorable for pet owners. Overall, the platform featured 700 relevant offers, accounting for approximately 31% of house rental listings.

Among regions with a noticeable number of listings, the highest share of houses available for tenants with pets was recorded in Chernivtsi region at 67%, Dnipropetrovsk region at 62%, and Lviv region at 56%.

In Cherkasy and Chernihiv regions, the share of such offers reached 100%. However, the researchers emphasize that these results may be related to the small number of private house rental listings.

The experts also separately analyzed the apartment rental market in Kyiv. The largest number of offers allowing tenants to live with pets was concentrated in the Pecherskyi district, with 964 apartments.

In the capital’s Shevchenkivskyi and Holosiivskyi districts, 249 such offers were recorded in each, while Darnytskyi district had 220, Solomianskyi district 155, and Obolonskyi district 105.

The smallest selection of apartments for tenants with pets was observed in Desnianskyi district, with 42 offers, and Sviatoshynskyi district, with 52.

UAnimals emphasizes that the limited supply of housing for people with pets has become a particularly acute problem during the full-scale war, when a significant number of Ukrainians have been forced to move from dangerous regions together with their pets.

“Because of the war, many people are forced to evacuate or relocate with their animals. Our team has been evacuating animals from combat zones since the beginning of the full-scale war and sees how often people are refused rental housing because of a cat or dog. This makes relocation and finding a new home more difficult,” representatives of UAnimals said.

The organization calls on property owners to be more open to tenants with pets, as this expands housing search opportunities for internally displaced persons and other citizens who are changing their place of residence.

The study results indicate a significant difference between the apartment and private house rental segments. While fewer than one in five apartment listings allow pets, nearly one in three private house listings do.

The study is based on active listings on the DIM.RIA marketplace as of the end of September 2026. Therefore, the figures presented characterize the supply on this platform rather than the entire rental housing market in Ukraine.

DIM.RIA is a Ukrainian online real estate marketplace specializing in the sale and rental of housing, including verified apartments and houses. UAnimals is a Ukrainian animal protection organization engaged in rescuing animals, evacuating them from frontline areas, supporting shelters, and protecting animal rights.

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Ukraine’s National Housing Strategy Is Set to Be Approved by End of Year

The National Housing Policy Strategy through 2033 is set to be approved by the end of this year, said Vitaliy Bezgin, Minister of Communities, Territories, and IDPs, as he opened the first Annual Housing Conference in Kyiv.

“The government has planned for 2026 the preparation of the State Strategy for Housing Policy through 2033 and an implementation plan for 2027–2029. We are updating legislation on social housing and improving the management of the housing stock,” Bezgin said.

According to him, Ukraine’s State Housing Strategy through 2033, which is scheduled to be adopted by the end of the year, is intended to serve as the foundation for practical steps at both the national and local levels. The Annual Housing Conference is expected to yield concrete proposals that can be implemented by parliament, the government, and local communities with the support of international partners.

“Every day, Russia strikes at the homes of Ukrainians; every day, people are forced to leave their homes, particularly due to evacuation. Housing policy, support for communities, and work with internally displaced persons are interconnected areas. Our programs should be built around these areas: housing vouchers for IDPs, ‘eRecovery,’ and solutions for social housing, among others. The 2027 draft budget allocates 30.5 billion hryvnias for housing programs, which is 10.8 billion hryvnias more than last year. ‘Housing remains the focus,’ Bezgin added.

The minister emphasized that, given the unprecedented challenges, housing policy must become the state’s absolute priority. “Investments in housing are investments in people, in economic stability, and in Ukraine’s future,” he noted.

The first annual housing conference, “Housing Recovery, Community Revitalization: Scaling Housing Solutions for Ukraine’s Recovery and Development,” will run through November 5. It will bring together over 1,000 representatives from government, communities, international organizations, the business sector, and the expert community.

Over the course of three days, more than 1,000 participants (representatives of national and local authorities, international organizations, the business community, and others) will discuss the reconstruction of destroyed housing, the development of social and affordable housing, financing for the housing sector, and the comprehensive recovery of communities. The program includes four plenary sessions and 59 technical sessions organized into six thematic areas.

The conference is organized by the Ministry of Communities, Territories, and IDPs of Ukraine and the World Bank Group. The event is supported by the Government of Austria and the Aid, Recovery, Reconstruction, and Reform Fund (URTF).

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Mortgage lending in Ukraine rose by nearly 7% in August

In August 2026, Ukrainian banks issued 722 mortgage loans totaling 1.54 billion hryvnia, which is 6.7% more than in July, when 710 loans totaling 1.44 billion hryvnia were issued, according to the results of a monthly survey by the National Bank of Ukraine (NBU).

“The quality of the mortgage portfolio is good: the share of non-performing loans is only 11%,” the regulator commented on the situation.
According to the central bank’s data, the volume of loans issued increased by 5.5% compared to August 2025.

As the National Bank specifies, among the 38 surveyed banks—which collectively account for over 95% of the gross mortgage portfolio—11 banks issued new loans in September.
In the primary housing market, 393 transactions totaling 839.2 million UAH were concluded in August, compared to 367 transactions totaling 730.4 million UAH in July. In the secondary market, there were 329 transactions totaling 702.4 million UAH, compared to 343 transactions totaling 714.0 million UAH, respectively.

The weighted average effective interest rate in the primary market rose to 7.7% per annum in August 2026 (7.64% in July), while in the secondary market it fell to 10.0% (10.06%).

Survey data show that the largest number of mortgage loans in August was issued in Kyiv and the Kyiv region—348 loans totaling 793 million UAH, or 51.5% of the total volume. Next came Lviv Oblast—61 loans totaling 141 million UAH, Ivano-Frankivsk Oblast—35 million UAH out of 67 million UAH, and Rivne Oblast—25 million UAH out of 56 million UAH.

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