More than two-thirds of Ukrainians planning to buy an apartment pay attention to the availability of a backup power supply and independent heating, according to the results of a survey by “OLX Real Estate.”
According to the study, 68% of potential buyers consider a backup power supply in case of power outages to be important, compared to 49% in 2025. Thus, over the course of a year, the share of buyers paying attention to a home’s energy independence has risen by 19 percentage points. The availability of autonomous heating is also important to 68% of respondents.
“Energy sustainability has effectively become on par with many ‘traditional’ characteristics of an apartment or house,” notes the OLX report.
At the same time, the main criterion when buying an apartment remains its cost—82% of respondents cited price as important. In second place is the total area of the home—79%.
The number of rooms and the city neighborhood are considered by 77% of potential buyers each. A good floor plan or renovation, as well as the property’s stage of completion, are important to 76% of respondents; infrastructure and the building’s exterior are important to 73%; and the floor level is important to 72%.
At the same time, the war has significantly changed Ukrainians’ security requirements for real estate. 67% of potential buyers consider the distance from strategic facilities, and the presence of a shelter directly in the building is important to 60%.
At the same time, traditional advantages of a property’s location are less important. Proximity to the metro was cited as important by 46% of respondents, and a location near the city center by 45%.
The main reason for purchasing real estate remains the desire to improve current living conditions—47% of respondents cited this as their motivation. Another 42% want to acquire their own private space, 23% plan to move into a more spacious home, 20% view the purchase as a way to improve their standard of living, and 11% want to change the neighborhood where they live.
The investment component remains significant, though it takes a back seat to purchasing a home for personal use. Twenty-eight percent of potential buyers view real estate as an investment. Specifically, 19% expect to generate income in the future by renting out the property or reselling it.
Thus, the survey results indicate a shift in Ukrainian buyers’ priorities: alongside price, square footage, and location, a property’s ability to function during power outages and its level of security are becoming increasingly important.
According to OLX, attitudes toward backup power have changed particularly noticeably: while in 2025 approximately one in two potential buyers considered this factor, by 2026 the figure had risen to more than two-thirds.
Source: “OLX Real Estate” study.
Spanish Prime Minister Pedro Sánchez announced the dissolution of parliament and the holding of early parliamentary elections on November 29, 2026, after a fragmented parliament blocked a number of key government initiatives, including measures to combat the housing crisis.
On October 5, Sánchez announced the convening of an extraordinary cabinet meeting to initiate the procedure for dissolving parliament. The early election will take place nearly a year ahead of schedule.
The decision was made following yet another escalation of the housing crisis in Spain. Last week, parliament rejected the government’s proposed housing measures, and on October 3, tens of thousands of people took to the streets in protests across approximately 50 cities nationwide.
In Madrid alone, according to Reuters, about 70,000 people took part in the demonstrations. Protesters demanded tougher measures against rising rents, evictions, and the shortage of affordable housing. Protests also took place in Valencia and other major cities.
The housing crisis in Spain has worsened in recent years amid rapidly rising prices, insufficient supply of new housing, and high rental costs in major cities and tourist regions.
According to the latest Eurostat data, published on October 1, 2026, residential real estate prices in Spain rose by 12.1% in the second quarter compared to the second quarter of 2025. By comparison, housing prices across the European Union rose by an average of 4.7% during this period, and by 4% in the eurozone. Thus, the rate of price growth in Spain is more than double the European average.
Moreover, prices continue to rise on a quarterly basis: in the second quarter, prices in Spain rose by another 3.4% compared to the first quarter of 2026. In the first quarter, the annual growth rate was 12.8%.
High growth rates are also being seen in the resale market. According to indices published in early October by Spain’s largest real estate portals, the average price of resale housing continued to grow at double-digit rates in the third quarter. According to Idealista, prices rose by 11.8% year-over-year—to 2,930 euros per square meter—while Fotocasa estimates annual growth at 13.8% and the average price at approximately 3,140 euros per square meter.
At the same time, the situation is complicated by lending conditions. The Bank of Spain reported in July that in the second quarter of 2026, banks tightened lending conditions, and public demand for mortgage loans declined. Banks also expected lending conditions to tighten further in the third quarter.
Consequently, the housing issue has evolved from a primarily social and economic problem into one of the central factors on the Spanish political agenda. The rapid rise in real estate prices, the shortage of affordable housing, the situation in the rental market, and mass protests increased pressure on the government at a time when Sánchez’s cabinet was already struggling to pass bills in parliament.
Early parliamentary elections in Spain are scheduled for November 29, 2026.
According to the Serbian business media outlet Parametar, housing prices in the European Union rose by 4.7% in the second quarter of 2026 compared to the same period last year, and by 4.0% in the eurozone, according to Eurostat data published on October 1.
Compared to the first quarter of this year, housing prices in the EU rose by another 1.2%, and in the eurozone by 1.1%.
Year-over-year price increases were recorded in 23 EU countries for which data is available. Prices fell in only three countries: Finland (by 2.7%), Luxembourg (by 2.2%), and France (by 0.8%).
Portugal led the EU in housing price growth, with prices rising 16.5% over the year. Bulgaria ranked second with a 15.5% increase, and Lithuania third with 14.3%.
High growth rates also persisted in Slovakia, where housing prices rose by 13.6%, Croatia—by 12.7%, and Spain and Romania—by 12.1% each.
In Latvia, the increase was 11.4%; in Hungary, 10.2%; in Denmark, 9.4%; in Slovenia, 9.1%; in the Czech Republic, 8.6%; and in Cyprus, 7.9%.
More moderate price growth was observed in Malta—6.9%, in Poland—6.3%, Ireland—6%, Estonia—5.8%, Austria—5.1%, Sweden—4.8%, the Netherlands—4.3%, and Italy—4%.
Some of the lowest positive figures were recorded in Belgium—2.1%—and Germany—just 0.6%.
Compared to housing prices in the first quarter of 2026, prices rose the fastest in Lithuania—by 5%, Bulgaria—by 4.5%, and Romania—by 4.4%. Quarterly declines were observed only in Hungary—by 1.4%—and France—by 0.8%.
Eurostat calculates the House Price Index based on the cost of residential real estate purchased by households, including both new construction and existing homes.
Starting January 1, 2027, the UK will significantly reduce government support for the Homes for Ukraine program: monthly payments to British households providing housing to Ukrainians will drop from £350 to £100, according to The Guardian.
As a result, the so-called “thank you payment” will be reduced by 71.4%.
The new rules will apply to both current hosts already participating in Homes for Ukraine and new participants in the program.
At the same time, the British government is also cutting funding to local authorities responsible for implementing the program. The payment to municipalities per arriving Ukrainian will decrease from 5,900 to 3,300.
According to The Guardian, since the launch of Homes for Ukraine in March 2022, 181,000 of the approximately 234,000 Ukrainians who arrived in the UK after the start of the full-scale war have received support through the program. The British government has already allocated more than £1.81 billion to implement the program.
The funding cut is raising concerns among Ukrainians and host families about the program’s continued ability to provide free housing. Program participants interviewed by The Guardian said that the reduction in payments could force some hosts to withdraw from the program.
As one option for continued residency, the British government suggests that hosts could transition from their current status to a standard landlord-tenant relationship, under which Ukrainians would pay for their housing themselves.
This could be a particularly sensitive issue for elderly Ukrainians, people with disabilities, and low-income families, who would find it difficult to pay rent on their own in the British housing market.
It is important to note that the £350 is not rent paid to Ukrainians, but a government payment to the host household. Only one such payment may be made per address, regardless of the number of guests staying there.
For Ukrainians who have transitioned from the Homes for Ukraine visa to the Ukraine Permission Extension (UPE) program, payments to the host may be made for no more than 18 months from the date the guest first transitioned to UPE. After this period, the government’s “thank you payment” ceases.
Homes for Ukraine was launched by the British government on March 14, 2022. The program allowed UK residents to provide Ukrainians with housing in their homes or separate properties, while receiving a monthly compensation payment from the government.
Residential real estate prices in Italy rose 4% in the second quarter of 2026 compared to the same period last year, according to preliminary data from the Italian National Institute of Statistics (Istat).
The pace of housing price increases slowed slightly: in the first quarter, the year-over-year increase was 5.1%.
Compared to the first quarter of 2026, the housing price index increased by 1.7%. Newly built homes rose in price by 5% over the year, while existing homes rose by 3.7%. In the previous quarter, these figures were 6.7% and 4.6%, respectively.
On a quarterly basis, prices for new housing rose by 2.7%, and for existing housing by 1.5%.
Among major Italian cities, housing prices rose the fastest in Turin. In the second quarter, prices there were 8.5% higher than a year earlier, whereas in the first quarter, the year-over-year increase was only 3.8%.
In Rome, residential real estate prices rose by 6.4% following a 5.5% increase in the first quarter.
In contrast, in Milan—which in previous years had been one of the country’s most dynamic real estate markets—the pace of growth slowed sharply. Prices rose by 2.4% year-over-year, compared to 7.1% in the first quarter.
The most noticeable slowdown in Milan was recorded in the new-construction segment: after a 20.1% jump in the first quarter, year-over-year growth in the second quarter was only 1.1%.
Regionally, Istat recorded the highest price growth in Central Italy—5.1%. In the northeast, housing prices rose by 4.2%; in the northwest, by 3.9%; and in the south and on the islands, by 2.6%.
The rise in prices is occurring against a backdrop of a de facto stabilization in the number of transactions. According to data from the Italian Tax Agency’s Real Estate Market Observatory, the number of housing transactions in the second quarter increased by only 0.1% year-over-year, following a 4.4% increase in the first quarter.
Based on the results of the first two quarters, the cumulative increase in the housing price index for 2026 stands at approximately 3.8%. Istat plans to release its next market assessment on December 17, 2026.
Hong Kong remains the least affordable metropolis for homebuyers among the cities surveyed by UBS: a skilled service sector worker needs about 15 years’ worth of annual income to purchase a 60-square-meter apartment near the city center.
These figures are contained in the UBS Global Real Estate Bubble Index 2026, published on September 22.
More than ten years’ income is also required to purchase a similar apartment in Tokyo, Paris, London, and Seoul.
UBS also notes a high burden on buyers’ incomes in Singapore, Lisbon, Zurich, Geneva, São Paulo, Munich, Sydney, Milan, and New York.
At the other end of the ranking are Miami and Dubai. A 60-square-meter apartment there costs roughly five times the annual income of a skilled worker.
However, a relatively lower ratio of real estate prices to wages does not necessarily mean affordable housing. In the U.S. and Canada, affordability is further limited by high mortgage rates, bank requirements, and other costs of homeownership.
According to UBS’s calculations, compared to 2021, the average skilled worker in the cities surveyed can now afford about one-third less living space on their income.
Separately, UBS compared real estate prices to rent. The highest ratio was recorded in Zurich: the cost of an apartment is equivalent to approximately 46 years of rent. In Geneva, the ratio is about 40 years, while in Munich, Frankfurt, and Hong Kong, it exceeds 30 years.
A high ratio of purchase price to rent may indicate that investors are anticipating further significant price increases. If such expectations wane, the risk of property value losses increases, notes UBS.
Kyiv was not included in this study.
