At the end of 2021, real estate prices in Ukraine soared by an average of 25-30%. The largest hike in the cost per square meter of housing was recorded in Kyiv, Yurii Tatsii, Deputy Director of the Department of Town Planning and Architecture of the Kyiv City State Administration, reports.
"Price surge began back in 2020: at that time apartments went up by 10-15%. But 2021, with its 30%, hit all records," he stresses.
According to Tatsii, the following cities have taken the lead in the rating of the primary property that has risen in price the most during 2021:
- Kyiv (the average price in December was 35,000 UAH per square, while in January it was 28,000 UAH),
- Lviv (28,500 UAH per m2 in December against 24,000 UAH in January);
- Odesa (27,000 UAH per m2 against 23,000 in January);
- Dnipro (28,000 UAH per m2 against 23,500 UAH in January),
- Kharkiv (24,500 UAH against 20,500 UAH in January).
"At the moment, a one-room apartment in an economy class residential complex in the capital will cost from 1 million UAH. In Odesa and Dnipro, such housing will cost 750,000-800,000 UAH, in Lviv—from 800,000, in Kharkiv—600,000-650,000 UAH," Tatsii sums up.
Context. Recall: in January, there was a lull in the primary housing market in Kyiv—low demand and low activity. The external threat from Russia continued to impact the situation. One-room apartments with an area of 50—80 square meters were most in demand.