House prices in Kiev fell by 5.45% y-o-y in Q2 2019
Ukraine’s housing market remains weak, despite improved economic conditions. Secondary market apartment prices in Kiev fell by 5.45% (inflation-adjusted) to an average price of US$ 1,031 per square metre (sq. m.) during the year to Q2 2019, its 23rd consecutive quarter of y-o-y price declines. House prices fell by 1.85% q-o-q in Q2 2019.
House prices have been falling in the past five years. The most dramatic fall was in 2014 (when prices plunged 37.38%) because of the hryvnia devaluation due to the Russian war. Currently, house prices are 76% (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 economic growth accelerated to 4.6% y-o-y in Q2 2019, following annual expansions of 2.5% in Q1 2019, 3.5% in Q4 2018, 2.8% in Q3, 3.8% in Q2 and 3.1% in Q1, according to the State Statistics Service of Ukraine. The National Bank of Ukraine recently raised this year's economic growth forecast to 3% from 2.5%, thanks to robust domestic demand, growth in the agricultural sector and better trade conditions.