Trend: house prices in Kiev fell 7.81% y-o-y in Q2 2018
Ukraine’s housing market remains depressed, despite improved economic conditions. Secondary market apartment prices in Kiev fell by 7.81% (inflation-adjusted) during the year to Q2 2018, to an average price of US$ 1,071 per square metre (sq. m.) – worse than the previous year’s 5.13% decline. House prices fell 1.94% quarter-on-quarter in Q2 2018.
Ukraine's economy grew by 2.5% last year, after an expansion of 2.4% in 2016, and declines of 9.8% in 2015, 6.6% in 2014 and 0.03% in 2013.
Analysis: house prices have been falling in the past five years, particularly in 2014 (with prices plunging 37.38%) because of hryvnia devaluation due to the Russian war. Currently, house prices are 74% (inflation-adjusted) below their September 2008 peak of US$3,627 per sq. m, according to S&V Development.
Rents, rental yields: not available for Ukraine
Kyiv apartment costs are around €2,807 per sq. m.
Recent news. The economy is expected to expand by 3.2% this year and by another 3.3% in 2019, according to the IMF.
