Construction and sale of residential complexes resume in Ukraine, but Kyiv recovery slow

29 July, 04:47 PM
To what extent housing construction and its sales resumed by the end of June - LUN data (Photo:skorchanov / Pixabay)

To what extent housing construction and its sales resumed by the end of June - LUN data (Photo:skorchanov / Pixabay)

On average, 75% of residential property developers in Ukraine have resumed work on construction sites, while 82% have relaunched sales, according to July 2023 statistics from the LUN housing rental and purchase service.

These figures demonstrate a positive trend compared to the end of 2022, where only 69% of complexes were active in construction.

The western and central parts of Ukraine are leading the way in resuming construction work, boasting 88% to 96% of active construction sites. In contrast, the city of Kyiv and Kyiv Oblast show a slower recovery, with 62% and 68% of residential complexes resuming construction, respectively.

Video of day

Kharkiv Oblast, Mykolaiv Oblast, and Zaporizhzhya Oblast show low rates of construction work recovery – 19%, 35%, and 32%, respectively.

On July 25, some 82% of new buildings out of the 1,772 projects that were on sale before the full-scale invasion are available for purchase. This rate is consistent with June's data. This marks the highest percentage since Feb. 24, 2022.

Sales are most active in western Ukraine, namely Zakarpattia, Ivano-Frankivsk, and Lviv oblasts, with 98%, 97%, and 94% of residential complexes being on sale, respectively. Other oblasts like Cherkasy, Kirovohrad, Zhytomyr, and Vinnytsia also show strong sales, with over 90% of open sales.

In the capital city, Kyiv, and its surrounding oblast, sales are at 79% and 80%, respectively. However, Mykolaiv Oblast (67%), Zaporizhzhya (40%), and Kharkiv Oblast (19%) have lower rates of housing units available for sale.

Remarkably, some developers managed to complete sales during the ongoing full-scale war. LUN data indicates that 218 residential complexes were sold across Ukraine, with the highest number in Lviv Oblast (46), followed by Kyiv and its oblast (20 and 25, respectively), as well as Odesa (23), Ivano-Frankivsk (20), and Zakarpattia (14) oblasts.

Earlier reports, citing the National Bank of Ukraine, highlighted that house renting remains a more profitable option for housing due to inflated housing prices.

Will you support Ukraine’s free press?

Dear reader, as all news organizations, we must balance the pressures of delivering timely, accurate, and relevant stories with requirements to fund our business operations.

As a Ukrainian-based media, we also have another responsibility – to amplify Ukraine’s voice to the world during the crucial moment of its existence as a political nation.

It’s the support of our readers that lets us continue doing our job. We keep our essential reporting free because we believe in our ultimate purpose: an independent, democratic Ukraine.

If you’re willing to support Ukraine, consider subscribing to our Patreon starting from 5$ per month. We are immensely grateful.

Please help us continue fighting Russian propaganda.

Truth can be hard to tell from fiction these days. Every viewpoint has its audience of backers and supporters, no matter how absurd.

If conscious disinformation is reinforced by state propaganda apparatus and budget, its outcomes may become deadly.

There is no solution to this, other than independent, honest, and accurate reporting.

We remain committed to empowering the Ukrainian voice to push against the muck. If you’re willing to stand up for the truth – consider supporting us on Patreon starting from 5$ per month. Thank you very much.

Will you help tell Ukraine’s story to the world?

Twenty years ago, most people hadn’t even heard of Ukraine. Today, the country is on everyone’s lips and everyone’s headlines. War pushed us on the front page. But there are many other things we do that we are proud of – from music and culture to technology.

We need your help to tell the world Ukrainian story of resilience, joy, and survival. If you’re willing to back our effort, consider supporting us on Patreon starting from 5$ per month. We are immensely grateful.

Follow us on Twitter, Facebook and Google News

Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news