Residents of Kyiv and the Kyiv region will have to save the longest to purchase their own apartment or house. According to experts’ calculations, people in these areas need to save money for about nine and eight years respectively, if they set aside their entire average salary.
This is reported by Finway
Most Expensive and Most Affordable Regions for Buying a Home
In addition to Kyiv and its region, the list of the most expensive areas for purchasing housing includes Lviv, Chernivtsi, and Vinnytsia regions, where one needs to save for an average of seven years for the desired accommodation. Residents of Odesa and Ivano-Frankivsk regions will need six years to gather the necessary amount.
“These are the most expensive regions to buy your own home,” said Shapran.
Where Housing Can Be Afforded Faster
The fastest way to acquire a home is for residents of the Donetsk region – it will take just one year of savings. In the Kherson region, the process may take two years. Residents of Kharkiv, Sumy, Zaporizhzhia, and Mykolaiv regions can become property owners in three years.
According to OLX Work, the median salary in the Donetsk region is 33,000 hryvnias, in Kherson it is 30,000, and in Lviv it is 27,000 hryvnias. In Kyiv, this figure reaches 27,800 hryvnias.
Experts note that the high level of salaries in frontline regions is related to the difficulties in finding job candidates, as well as the influence of vacancies in the Defense Forces.