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Ukrainian Real Estate Market: Tendencies and Prospects
Horbal N. I., Romanyshyn S. B., Shalin A. S.

Horbal, Nataliya I., Romanyshyn, Solomiia B., and Shalin, Andrii S. (2019) “Ukrainian Real Estate Market: Tendencies and Prospects.” Business Inform 3:149–154.
https://doi.org/10.32983/2222-4459-2019-3-149-154

Section: Economics of Construction

UDC 332.85, 69.003

Abstract:
The article is aimed at researching tendencies and prospects of Ukrainian real estate market in different segments. The tendencies of development of construction market of Ukraine are positive: volumes of both construction and price are increasing every year. At the same time, the situation in Ukrainian real estate market is unstable. Due to the large number of new buildings in Kyiv, Lviv, Odessa and other major cities of Ukraine, the offer exceeds the demand. In 2018, a number of laws were enacted to bring the real estate market out of the shadow. Obviously, there will be a seasonal decline in the prices of rental property in winter. However, in the real estate purchase and sale market, prices in Hryvnya are likely to remain stable. The prices in foreign currency can decrease up to 5% at possible growth of rates of foreign currencies. In case of escalation of military threat, demand for economy-class apartments in new buildings of the Western and Central regions will increase, which may cause price growth. The «expensive segment» in the primary market will not change. In the secondary market the situation is similar – demand can grow in the case of internal migration. In the segment of commercial real estate a significant increase in demand is possible. At the moment the Verkhovna Rada of Ukraine is considering a number of bills that may cause a boom in the commercial real estate market. One can conclude that the real estate market of Ukraine at the present moment is attractive for investment.

Keywords: real estate, construction, real estate market, primary market, secondary market, rent.

Fig.: 1. Tabl.: 3. Bibl.: 17.

Horbal Nataliya I. – Candidate of Sciences (Economics), Associate Professor, Department of Foreign Economic and Customs Activities, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]
Romanyshyn Solomiia B. – Candidate of Sciences (Economics), Associate Professor, Department of Management and International Business, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]
Shalin Andrii S. – Masters Student, Department of Foreign Economic and Customs Activities, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]

List of references in article

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Kulikova, L. V. “Suchasni tendentsii rozvytku budivelnykh pidpryiemstv“ [Modern trends in the development of construction companies]. Investytsii: praktyka ta dosvid, no. 8 (2017): 52-55.
Halytska, E. V. “Rynok nerukhomosti v Ukraini: osoblyvosti ta problemy“ [Real estate market in Ukraine: peculiarities and problems]. Problemy nauky, no. 1 (2012): 40-47.
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“Obsiah vykonanykh budivelnykh robit za vydamy budivelnoi produktsii“ [Volume of executed construction works by types of construction products]. Ukrstat. http://www.ukrstat.gov.ua/operativ/operativ2014/bud/ovb/ovb_u/ovb_rik_u_bez.htm
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“Analiz tsin na vtorynnomu rynku zhytlovoi nerukhomosti Kyieva: zhovten 2018 r.“ [The analysis of prices in the secondary market of residential real estate in Kiev: October 2018]. 100realty.ua. https://100realty.ua/uk/analytics/50006
“Za 2017 rik kilkist uhod z kupivli-prodazhu budynkiv i kvartyr v Ukraini zrosla na 12%“ [In 2017, the number of transactions for the sale of apartments and houses in Ukraine increased by 12%]. https://est.ua/ua/press/3750318/
“Yak zdaty kvartyru v orendu“ [How to rent an apartment]. https://www.lawportal.com.ua/zdacha-v-orendu-neruhomogo-majna-podatok-shtraf.html
“Z aktsentom na yakist: analiz rynku komertsiinoi nerukhomosti Ukrainy“ [With an emphasis on quality: an analysis of the Ukrainian commercial real estate market]. https://pro-consulting.ua/ua/pressroom/s-uporom-na-kachestvo-analiz-rynka-kommercheskoj-nedvizhimosti-ukrainy
“Kvartyrne pytannia: Vartist orendy zhytla v Kyievi zroste do oseni“ [Housing issue: The cost of renting a home in Kiev will increase by the fall]. https://ua.112.ua/statji/kvartyrne-pytannia-orenda-zhytla-v-kyievi-podorozhchaie-do-oseni-459135.html
“Ohliad rynku novobudov Kyieva: pidsumky 2018 roku“ [Overview of the market for new buildings in Kiev: the results of 2018]. 100realty.ua. https://100realty.ua/uk/analytics/50570
“Rik vyboriv i bez nadii na ipoteku: choho chekaty vid rynku nerukhomosti u 2019“ [Year of elections and without hopes for a mortgage: what to expect from the real estate market in 2019]. Pravda. https://pravda.if.ua/rik-viboriv-bez-nadiy-na-ipoteku-chogo/

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