The real estate market in Ukraine is undergoing significant changes. Demand for housing has fallen sharply, and even the preferential mortgage from the state "e-Oselya", which previously ensured active market movement, no longer saves the situation.
Ukrainians have "changed their minds" about buying housing. Realtors say that demand for real estate has fallen sharply, and even the preferential mortgage from the state "e-Oselya", which until recently was a good mover on the market, is no longer saving.
On the contrary, the number of apartments for sale is increasing. According to estimates by Yuriy Pita, former head of the Association of Real Estate Specialists, the number of applications for the sale of objects has increased by 20-30%.
As a result, housing prices have started to fall again. Iryna Lukhanina, a realtor in the capital, says that prices have dropped by 10-12%.
According to Pita, this situation is observed in almost all cities, even in the western regions, where apartment sales were recently record highs for the current times.
Experts cite a number of reasons for the market collapse. First, the impact of the mobilization law, after which many men "fell to the bottom" and are afraid to spend any big money amid rumors of the threat of confiscation of the property of "evaders". Second, more and more Ukrainians who left the country are deciding not to return to Ukraine and, accordingly, are selling their real estate. Third, the general growth of pessimistic sentiments against the backdrop of a protracted war that is unknown when and how it will end.
In addition, funding for the "e-Renovation" housing certificate program (which allows you to buy new housing instead of a destroyed one) unexpectedly stopped. The Cabinet of Ministers then allocated money, but how much of it will be enough is an open question.
At the same time, a paradoxical exception to the general trend of declining demand for housing is Kharkiv, which is actually on the front lines. Here, according to local realtors and appraisers, the number of apartment purchase and sale transactions increased in June and July.
