House prices in Kiev were up 3.65% during 2020
Secondary market apartment prices in Kiev rose by 3.65% (inflation-adjusted) during 2020 with an average price of US$ 1,064 per square metre (sq. m.), in contrast to the y-o-y fall of 5.26% in 2019. On a quarterly basis, real house prices increased 0.91% in Q4 2020.
House prices have been falling in the past six years, particularly in 2014 because of hryvnia devaluation due to the Russian war. Currently, house prices are 71% (inflation-adjusted) below their Q3 2008 peak of US$3,627 per sq. m, according to S&V Development.
Rents, rental yields: yields are high in Kiev at 9.09%
Kiev apartment costs are around €2,807 per sq. m.
|Ukraine: typical city centre apartment buying price, monthly rent (120 sq. m)|
|Buying price||Rate per month||Yield|
Recent news. Ukraine’s economy contracted by 4.4% in 2020 from a year earlier, following annual expansions of 3.2% in 2019, 3.4% in 2018, 2.5% in 2017 and 2.4% in 2016, mainly due to the fallout from the coronavirus outbreak. The National Bank of Ukraine expects the economy to bounce back this year with a projected real GDP growth rate of 4.2%.