The cost per square meter in the primary housing market of Ukraine in January-July 2022 increased by 11%, in the secondary – by 8%, OLX Real Estate reported.
“In January, the average prices for the” secondary “in Ukraine were at the level of 17.6 thousand UAH/sq. m., and in July this amount is already 19 thousand UAH/sq. m. If you plan to invest in an apartment in new building, the average cost per square meter will now cost UAH 25.4 thousand / sq. m, which is UAH 2.5 thousand more than at the beginning of the year before the war,” the portal’s press release says.
According to the resource, the cheapest apartments in new buildings in July are offered in the Ivano-Frankivsk region (17.8 thousand UAH/sq. m). The most affordable prices are also in Khmelnitsky (18.8 thousand UAH/sq. m) and Sumy (19.5 thousand UAH/sq. m) regions.
At the same time, the highest prices for new apartments were recorded in Kievskaya (UAH 30.4 thousand/sq. m.), Lvivskaya (UAH 33.5 thousand / sq. m.) and Dnepropetrovsk (UAH 33.6 thousand / sq. m. ) areas.
On the secondary market, the best prices per square meter in July are offered in Sumy (13 thousand UAH/sq. m), Dnepropetrovsk (16.3 thousand UAH/sq. m) and Ivano-Frankivsk regions (16.4 thousand UAH / sq. m). The most expensive housing in this segment is in Kyiv (UAH 34.7 thousand/sq. m), Lviv (UAH 27.4 thousand/sq. m), Vinnitsa (UAH 24.7 thousand/ sq. m) and Chernivtsi (24.6 thousand UAH / sq. m) regions.
According to OLX, the floor, layout, location, finishing, etc. factors also affect the final price. Thus, the average cost per square meter of a furnished apartment on the secondary market in July 2022 is 24.3 thousand UAH/sq. m, while in the new building – 44.7 thousand UAH / sq. m. m.
“As for finishing, a square meter in a secondary housing stock with European-quality repairs will cost an average of UAH 27 thousand, in an apartment with cosmetic repairs – UAH 21.8 thousand. If we consider the primary market, then the cost of a square meter in a house with European-quality repairs will cost an average of UAH 36.3 thousand, with cosmetic repairs – UAH 26.6 thousand, and for fine finishing – UAH 25.8 thousand,” the press release says.
At the same time, the most expensive repair option for both the secondary and primary housing markets is the author’s project. According to the portal, the cost of housing in this case will be 36.5 thousand UAH/sq. m and 53.1 thousand UAH/sq. m respectively.
The maximum rental rates in shopping centers in Kyiv in the second quarter of 2018 grew by 12% and exceeded $95 per square meter a month, which is comparable to the rent rates in the pre-crisis period of 2010-2013, the press service of Jones Lang LaSalle consulting company (JLL) in Ukraine has said. “The maximum rental rates have almost reached the pre-crisis level of 2010-2013. The significant increase is due to a limited supply. New brands are trying to open their stores in the most successful facilities, however, it is not easy to find necessary space in such shopping centers,” JLL Retail Space Department Manager Yekateryna Vesna said.
According to JLL, four new international brands (Turkish Koton and DeFacto, Spanish Zara Home, Swedish Livly) entered the Kyiv market during this period, while a number of operators expanded their network (Under Armor, Lush, L’Occitane, Reserved). At the same time, with such an increase in demand, the new supply amounted to only 15,000 square meters (the Smart Plaza Polytech shopping center).
The share of vacant space in the second quarter decreased by 0.3 percentage points in comparison with the first quarter, to 4.2%. According to the forecast of JLL analysts, in the second half of the year the vacancy will continue to decrease and by the end of the year will reach 3.5%. Jones Lang LaSalle provides financial and comprehensive professional services in the field of real estate.
