Business news from Ukraine

Housing prices in Ukraine increased by 16.2%

The housing price index in Ukraine in July-September 2023 amounted to 116.2%, while in the same period of 2022 the figure was 114.2%, the State Statistics Service (Ukrstat) reported.

According to it, in the primary market, housing prices in the third quarter of 2023 accelerated growth to 14.6% compared to 11.9% in the third quarter of the previous year. Three-bedroom apartments rose in price the most – by 16%. The price increase for one-bedroom apartments was 15.6%, and for two-bedroom apartments – 12.8%.

In the secondary market, prices accelerated growth to 17.1% in the third quarter of 2023, up from 15.6% in the same period of 2022. Thus, the growth in prices for three-room apartments amounted to 18.5%, two-room apartments – 17.9%, one-room apartments – 14.1%.

Overall, in the first nine months of 2023, housing prices increased by 13.9% compared to the same period in 2022. In the primary market, the growth was 12.2%, in the secondary market – 15.1%.

According to the statistics agency, compared to the previous quarter, housing prices in July-September 2023 increased by 6%, with a 4.5% increase in the primary market and a 6.9% increase in the secondary market.

According to the State Statistics Service, in the third quarter, prices for primary housing increased by 3.6% for one-bedroom apartments compared to the second quarter, by 4.9% for two-bedroom apartments, and by 6% for three-bedroom apartments. On the secondary market, prices rose by 5.1%, 7.5% and 7.6%, respectively.

The State Statistics Service noted that the figures exclude the temporarily occupied territories and part of the territories where military operations are ongoing (or have been ongoing).

HOUSING PRICES IN UKRAINE INCREASE BY 18% IN 2021

The housing price index in Ukraine in the fourth quarter of 2021 amounted to 117.7% compared to the same period in 2020, the State Statistics Service reported.
At the same time, according to its data, prices in the primary market increased by 16.7%. Three-room apartments rose in price most of all – by 18.4%, least of all – one-room apartments (by 16%).
According to the State Statistics Service, in the secondary market, housing has risen in price by 18.4% over the year. One-room apartments increased the least in price – 17.9%, three-room apartments – the most (19.2%).
Compared to the third quarter of 2021, housing prices increased by 3.4%, in the primary market by 3.8%, in the secondary market by 3.1%.

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