“The most important criterion for choosing housing, both when buying and renting, is the price.”, — write: www.unian.ua
The most important criterion for choosing housing, both when buying and renting, is the price.
Prices for apartments and houses in 2024 increased in most cities, in particular in the western and central regions of Ukraine / photo UnsplashIn 2024, the demand for the purchase of housing decreased slightly, but the prices of apartments and houses increased in most cities of the western and central regions of Ukraine. This is stated in the study “OLX Real Estate”.It said the secondary home sale/purchase market has still not reached pre-war levels due to depopulation, reduced solvency and uncertainty about the future creating pent-up demand to buy. However, this segment was supported by the “eOselya” program, providing the opportunity to buy a home on credit: 69% of surveyed Ukrainians know about the program, 8% have already used it, and 36% plan to.
Demand for housing in January-October 2024 decreased by 3.1% compared to the same period in 2023, amounting to 75% of the pre-war level in 2021. In the secondary market, the number of ads for the sale of apartments increased by 5%, and houses – by 8%.
Prices for apartments and houses in 2024 increased in most cities, in particular in the western and central regions of Ukraine. At the same time, prices are decreasing in the eastern regions, as well as in Dnipro, Sumy, Zaporizhzhia and Kherson. Rivne became the leader in terms of price growth for 1-, 2-, and 3-room apartments.
As reported in “OLX Real Estate”, the most important criterion for choosing housing for real estate seekers, both when buying and renting, is the price. At the same time, the importance of new wartime criteria is growing: floor space, autonomous power supply and heating, as well as the presence of a bomb shelter.
“The rental market in 2024 was generally marked by growth. The challenges faced by Ukrainians – forced relocations, evacuation, the need for housing for the military, changing the city due to work – became an impetus for the development of the segment. The demand for long-term rentals increased by 8.4% ( compared to the level of 2023) and exceeded the pre-war year 2021 by 8%,” says the research
It is noted that the number of long-term rental offers decreased by 11%, which led to an increase in the median rental price in Ukraine by 20% compared to 2023. Price growth was observed for all types of apartments: 1-, 2- and 3-room, ranging from 18% to 24%. The highest median rental price in Kyiv and Uzhhorod.
OLX analysts noted that daily rental was one of the drivers of the real estate market in 2024, although its share is much smaller than that of the buying and selling and long-term rental segments. Over the past year, the demand for daily rent has increased by 19.3%.
Kyiv has the highest daily rent of apartments and houses. As for other regional centers of Ukraine, the largest increase in value over the year occurred in cities near the front line: Sumy (+13%), Poltava (+13%), Cherkassy (+11%) and Kharkiv (+10%).
An interesting fact is that in Odessa, the increase in demand for daily rent in June was a record +285%. Despite the danger of shelling, Ukrainians went to the sea in the summer of 2024.
The real estate market in Ukraine – the latest newsIn the event of a possible new wave of fan outages, according to preliminary estimates, demand on the primary market may drop by an average of 50%. At the same time, the demand may return to previous indicators immediately after the relative stabilization of the energy industry, according to Marianna Bigunets, sales director of the GAZDA construction company.
According to the “OLX Real Estate” survey, the majority of Ukrainians do not plan to rent housing for the New Year holidays, and among those who plan a trip for the New Year, they mostly choose the Carpathians. As for the willingness to spend money on housing, 44% of respondents budget for rent 2,000–5,000 hryvnias per day, and another 44% choose options up to 2,000 hryvnias, 11% – from 10,000 hryvnias.
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