The demand for primary housing in Ukraine currently stands at only about 20% of the figures observed before the onset of the full-scale war. Real estate market experts point to a number of key reasons for this decline, among which geopolitical instability, slow construction rates, and delays in commissioning facilities are predominant.
This is reported by Finway
Main Factors Behind the Decrease in Demand
Analysts emphasize that the average weighted delays in the completion of residential complexes now reach 18–24 months, significantly exceeding the pre-war figure of 6–12 months. This substantial postponement causes potential buyers to approach investing in new buildings with caution.
“The average weighted delays in the market currently reach 18-24 months. This applies to any residential complex. You need to add a year and a half to the date they promise you. Before the war, this figure was 6-12 months. This does not motivate people to bring money to the sales department,” experts say.
In addition to purely economic reasons, specialists also highlight the psychological aspect. The constant tension caused by military events and aggression from the Russian Federation significantly affects the mood of Ukrainians, reducing their willingness to make large financial investments. In particular, during periods of energy terror, the demand for housing decreases even further.
What Type of Housing Remains in Demand
Despite the overall decrease in demand, one-bedroom apartments ranging from 45 to 50 square meters are the most popular on the primary real estate market. Their sales period is usually half as short as that of other types of housing, ranging from 1.5 to 3 months, while for other properties this figure reaches 3–6 months.
Experts note that buyers, despite all the difficulties, still remain in the market, but they act very selectively and choose only those apartments that they consider liquid and safe for investment.