It is predicted that real estate prices in Kyiv and the capital region will increase by up to 15% in hryvnia in 2024. This may take place under the condition of active growth of construction volumes by capital developers and the absence of unforeseen circumstances. The cost of a square meter in the capital will remain traditionally higher than the weighted average prices on the market.
According to real estate market analyst Viktoria Bereshchak, one of the most expected and well-founded forecasts for 2024 is the increase in prices per square meter in the Kyiv region. This is explained by the attractiveness of the capital for internally displaced persons and Ukrainians returning from abroad.
The YeOsel program is gaining momentum, and the issuance of certificates for destroyed housing began in November 2023. This can contribute to an increase in demand, especially in Kyiv and the Kyiv region, which, in turn, will increase sales volumes and lead to an increase in prices," the expert said.
Bereshchak believes that increasing the volume of construction activity on the part of developers is a condition for the increase in the cost of construction. Prices are forecast to be higher than the market weighted average.
"One of the cautious estimates is that during the first half of 2024, even up to 15% growth in the hryvnia is expected. "Liquid formats with a high level of construction activity can additionally bring from 5-7%, taking into account their quality characteristics and features on the market," the expert noted.
It is also noted that prices for apartments on the secondary market in Kyiv continue to rise. An increase in the cost of a square meter of housing was recorded, especially in Pechersk, where prices reached the level of UAH 85,000 per square meter. m. Such a rise in cost is also associated with increased demand from migrants from Donbas and military personnel who received "combat" payments.
