The cost of new buildings in Ukraine in 2025 may increase by 20-25% due to several main factors, including inflation, currency fluctuations and an increase in the cost of construction. This was stated by Marianna Bigunets, sales director of Gazda construction company.
According to her, the key factor for increasing prices is the growing demand for real estate, especially in the western regions of Ukraine. At the same time, the reduction of risks for buyers and stable demand for objects under active construction became the basis for the "planned increase" in housing prices.
The main factors of real estate price growth:
- Inflation : Rising prices of goods and services lead to an increase in construction costs, which in turn increases the cost of apartments.
- Exchange rate fluctuations : Changes in the exchange rate of the hryvnia against the dollar and the euro can increase the cost of imported construction materials, which constitute a significant part of construction costs.
- Rising cost of construction : Rising prices for materials, transport, and labor contribute to the increase in costs for the construction of new facilities.
In addition to these objective reasons, there are also hidden factors, such as the cost of connecting objects to engineering networks, investments in the improvement of the territory and the costs of permitting documents.
Forecast for 2025:
In 2024, the average increase in the value of new buildings in Ukraine was from 10% to 15%. However, these indicators may increase significantly in 2025, which will result in a 20-25% price increase per square meter. For example, a two-room comfort-class apartment in Uzhhorod, which at the beginning of construction cost 2-2.5 million hryvnias, may increase in price to 2.8 million hryvnias by the end of 2025.
Demand for real estate in the western regions:
The demand for housing in the western regions of Ukraine, in particular in Kyiv, Lviv and Uzhgorod, is actively growing. This is due to the development of the primary real estate market and an increase in the number of investors who consider real estate as a reliable way to preserve capital.
In particular, high demand is observed in the suburbs of large cities, where buyers seek to find housing in ecologically clean areas with well-developed infrastructure.
Investing in real estate:
As experts note, investors increasingly choose real estate as one of the most reliable ways to preserve capital in conditions of economic instability and devaluation of the hryvnia. Buying apartments at the early stages of construction gives an opportunity not only to save money, but also to multiply them, since the price per square meter increases with the completion of the construction of the object.
