Ukraine’s primary housing market prices increase by 4.7% in 2017

Source : 112 Ukraine

Mortgage crediting for individuals in Ukraine grows by 54%
23:28, 23 January 2018

Prices in the primary housing market of Ukraine in 2017 rose by 4.7% compared to 2016, whereas the prices in the secondary market grew by 4.5%. The State Statistics Service of Ukraine has informed about this, Interfax-Ukraine informs.

The statistics are provided without taking into account the temporarily occupied territories of the Crimea Autonomous Republic, city of Sevastopol and the area where the ATO is taking place.

According to the agency, the largest rise in prices in the primary housing market was exhibited in the segment of two-bedroom apartments (6%), whereas prices in the segment of one-bedroom apartments grew by 4.3%, those for three-bedroom apartments increased by 3.1%.

In the secondary market, in 2017 prices for one-bedroom apartments grew by 9.7%, while those for three-bedroom apartments increased by 2.2% and two-bedroom apartments have become 3% more expensive.

It was reported earlier that the volume of mortgage crediting for individuals in the first nine months of 2017 reached $33.21 million, which shows a 54% increase in year-on-year terms, according to the National Bank of Ukraine. Within the first nine months of 2017, 4 million square meters of housing was commissioned, which is 35% more than in the same period a year earlier.

The number of permits for the construction of apartment buildings issued in H1 2017 increased 34% compared with the same period in 2016. Simultaneously, the number of apartments in the primary market of Kyiv increased 65% in January-September 2017.

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