Residential Real Estate - Ukraine

The Residential Real Estate market market in Ukraine is anticipated to reach a value of US$502.20bn by 2024.
This projection suggests a promising future for the country's real estate sector.
Moreover, the market is expected to exhibit a compound annual growth rate (CAGR) of 6.06% between 2024 and 2029, ultimately leading to a market volume of US$673.90bn by 2029.
When compared globally, it is worth noting that China is expected to generate the highest value in the Real Estate market, with an estimated worth of US$112.9tn by 2024.
This highlights China's dominance in the global real estate industry.
The residential real estate market in Ukraine is experiencing a surge in demand due to increasing urbanization and favorable government policies.

Definition:

The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.

Structure:

The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and for real estate renters as well.

Residential real estate transactions
Residential real estate leases

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Residential Real Estate market in Ukraine has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Ukrainian Residential Real Estate market have been shifting towards urban living, with a growing demand for apartments and condominiums in major cities. This can be attributed to the increasing urbanization in Ukraine, as more people are moving to cities in search of better job opportunities and a higher standard of living. Additionally, there is a growing preference for modern and well-equipped residential properties, with amenities such as parking spaces, fitness centers, and green spaces. Trends in the market indicate a strong demand for affordable housing options in Ukraine. The country has a relatively low average income compared to other European countries, which has led to a focus on affordable housing solutions. Developers are increasingly targeting the middle-income segment, offering smaller-sized apartments at more affordable prices. This trend is expected to continue as the government implements policies to support affordable housing development. Local special circumstances in Ukraine, such as the ongoing conflict in the eastern part of the country, have also influenced the Residential Real Estate market. The conflict has led to a displacement of population, with many people seeking refuge in other parts of the country. This has created a demand for housing in areas outside of the conflict zone, as well as a need for affordable housing options for those affected by the conflict. Underlying macroeconomic factors have played a significant role in the development of the Residential Real Estate market in Ukraine. The country has experienced economic growth in recent years, which has led to an increase in disposable income and improved affordability for housing. Additionally, low interest rates and government subsidies for mortgage loans have made homeownership more accessible for many Ukrainians. In conclusion, the Residential Real Estate market in Ukraine is developing in response to customer preferences for urban living, a growing demand for affordable housing, local special circumstances such as the ongoing conflict, and underlying macroeconomic factors such as economic growth and government support. These factors are driving the growth of the market and shaping the trends in the Ukrainian Residential Real Estate sector.

Data coverage:

Figures are based on total and average value of residential real estate, residential estate transactions and leases.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate - Ukraine

Value

Volume

Analyst Opinion

Transaction Value

Revenue

Household Type

Living Space

Methodology

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