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Demand for townhouses and cottages in Kyiv down by 60-100% – RealExpo
KYIV. Oct 12 (Interfax-Ukraine) – The demand for townhouses and cottages in Kyiv in September decreased by 60-100% since the beginning of the year, while prices in hryvnia equivalent increased by 75%, said Viktor Kovalenko, the director of the RealExpo consulting company.
According to a company study published by the zagorodna.com Internet portal, the cost per square meter in suburban real estate was affected by the growth of the dollar exchange rate and an increase in the cost of construction materials by 50%.
Most of all, the average price in January-September increased in the Solomiansky district – by 89.8% (up to UAH 50,400/sq m). In Holosiyivsky district, the price per square meter increased by an average of 75% (up to UAH 76,300/sq m), in Podilsky – by 67% (up to UAH 91,000/sq m).
According to the company, in the nine months of 2022, two new projects appeared on the suburban real estate market in Kyiv, while over the same period last year, the supply increased by 16 new projects.
At the same time, construction has been frozen in Kyiv at nine sites, which is about a third of the total number of cottage settlements under construction and projected, the study notes.
According to the developers of suburban real estate surveyed by the company, the demand for this type of housing has declined significantly, but developers report the presence of pent-up demand.
"Demand for cottages in Kyiv, according to the experts, has decreased by 60-100% since the beginning of the war, but it is gradually resuming. It was military operations in Kyiv and its environs, attacks that influenced and continue to influence the decline in demand for townhouses and cottages in Kyiv," explained Kovalenko.
