At the same time, the actual sale prices of real estate are found to be 25% lower than the average listings. This means that during the home buying process, buyers often manage to negotiate the price down. Writes OBOZ.UA. This was reported by Kontrakty.UA.
This was announced by MP Olena Shuliak ("Servant of the People"). She noted that overall demand in the real estate market is reviving.
"Over the year, the number of transactions has increased by 14%, but this is still only 70% of the level prior to the invasion. Most transactions involve apartments (60%), while the rest pertain to private houses," the report stated.
It is emphasized that Ukrainians are most actively purchasing homes in the western part of the country, particularly outside large cities.
"Location matters. 78% of transactions are made outside regional centers, with only 10% occurring in the capital. The most active home purchases are happening in western Ukraine," the MP explained.
At the same time, Shuliak pointed out that during the real estate purchase process, Ukrainians often succeed in negotiating lower prices—actual sale prices are 25% below the average listed prices. This indicates that "buyers dictate prices in the market."
However, Ukrainians rarely resort to mortgages— the share of transactions using this tool has dropped to 4%, matching the figures from 2021. Nearly half of the loans are issued in Kyiv and the Kyiv region. Thus, in most of Ukraine, homes are practically not purchased with the help of mortgages.
"The construction of new projects is also progressing slowly. In the western part of the country, new facilities are beginning, but in Kyiv, mainly the completion of previously started projects is taking place. Affordable residential complexes are often frozen because resources are being invested in premium-class developments. This suggests that there may be a future shortage of quality housing," Shuliak acknowledged.
Ukraine plans to rewrite the rules regarding apartments and houses
Ukraine plans to rewrite the rules regarding apartments and houses
Meanwhile, a government draft law №12377 "On the Main Principles of Housing Policy" has been registered in the Verkhovna Rada, and its review may begin shortly. The document is expected to address a number of issues, including outdated housing stock.
As clarified by MP Olena Shuliak ("Servant of the People"), the need for a new law arose because the current housing policy system is still based on the Housing Code of 1983.
The draft law, she noted, proposes the creation of "an effective credit and mortgage policy." In particular:
- preferential mortgages;
- compensation for housing costs;
- rent-to-own schemes;
- leasing.
Additionally, the document suggests launching a continuously updated revolving housing fund (which provides financial assistance to co-owners of residential buildings. Returned funds are used to finance other participants). Furthermore:
- development of social rental and service housing;
- completion of all procedures through a Unified Information and Analytical System, which will ensure transparency and minimize corruption;
- approval of a State Housing Strategy and regional strategies that will be part of it.
As reported by OBOZ.UA, meanwhile, significant price increases for new real estate are expected in Ukraine. Forecasts suggest that by 2025, depending on several factors, prices for new buildings could rise by 15% to 20-25%.