Business news from Ukraine

Business news from Ukraine

AREA OF NEW CONSTRUCTION REACHES 16.7 MLN SQ M IN 2018 – UKRAINIAN STATISTICS

The total area of new residential and nonresidential buildings as of the start of their construction in 2018 totaled 16.706 million square meters. According to the report, the total area of residential buildings at the beginning of construction in 2018 was 12.874 million square meters, or 77% of the total new construction. Including, apartment buildings accounted for 96.7% (12.442 million square meters), single-apartment buildings accounted for 3.2% (417,600 square meters), and dormitories 0.1% (13,760 square meters).
According to statistics, nonresidential facilities, which began to build in 2018, accounted for 23% of the total new construction, or 3.8 million square meters.
Thus, the area of new construction of warehouses and industrial buildings in 2018 amounted to 974,600 square meters (25.4%), retail real estate 648,900 square meters (19.9%), buildings for public speeches, educational institutions, medical and recreational institutions 429,800 square meters (11.2%), hotels and restaurants 355,800 square meters (9.3%), and office buildings 244,400 square meters (5.9%).
Data for 2017 is not available due to the introduction of the new statistics by of the State Statistics Service.

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