The average price of an apartment on Kyiv's primary market may grow by up to 20% this year.
Housing prices in Ukraine will rise by 15-25% during 2021 and will continue to grow in the future
It is reported by the Economichna Pravda news outlet.
Read alsoUkraine's government forecasts inflation at 6.2% in 2022
According to the online newspaper, LUN Marketing Director Denys Sudilkovsky does not see any trends indicating a decline in prices of apartments. Owner of the SAGA Development company Andriy Vavrysh, in turn, forecasts that in 2021 the cost of housing will increase by 20-25%.
According to forecasts by Chief Executive Officer of Kovalska Industrial-Construction Group Serhiy Pylypenko, the average price of apartments in the primary market of Kyiv in 2021 may grow by 15-20% to US$1,300 per square meter. By the end of 2023, this figure may reach US$2,000.
"The market is very active, overheated, demand is stable. Against the background of rising prices for building materials, inflationary processes, lower interest rates, affordable mortgages and other factors, we expect a rise in prices," Pylypenko said.
According to head of the Domik.ua portal Vitaliy Kotenko, the upcoming cancellation of the moratorium on the collection of overdue debt on foreign currency loans and the settlement of the debt collection services market will entail a decrease in mortgage rates.
New legislative initiatives and a reduction in mortgage rates will fuel price increases, the expert said.