🖇 The real estate market in Ukraine is coming to life, but prices in transactions differ significantly from those seen in advertisements, according to Olena Shulyak. The average difference between the advertised price and the actual transaction is 25%. This means that property owners are forced to make concessions in order to sell their apartments.

Most often, small apartments built over 35 years ago are purchased, with an average area of 48 m². Newer properties up to 15 years old account for only a quarter of sales. There is particular interest in housing in small towns, suburbs, and in Western Ukraine. About 60% of all transactions are for apartments, the rest are for private houses.

The most popular locations are suburbs and small settlements in Western Ukraine (78% of transactions). Demand for housing in large cities, including Kyiv (only 10% of transactions), is significantly lower than before 2022.

Demand is increasing, with 14% more transactions over the year, but this is only 70% of the level in 2021, and there is still a long way to go to reach pre-war levels.

Despite government programs, only 4% of buyers take out loans for housing, most buy with their own funds.

Source: 24 Kanal