House prices in Kiev fell by 2.74% y-o-y in Q1 2020
Secondary market apartment prices in Kiev fell by 2.74% (inflation-adjusted) to an average price of US$ 1,031 per square metre (sq. m.) during the year to Q1 2020, the smallest y-o-y decline since Q4 2013.
In fact in a quarterly basis, real house prices increased 1.25% q-o-q in Q1 2020, its best q-o-q showing in seven years.
House prices have been falling in the past six years, particularly in 2014 because ofhryvnia 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 economy grew by 3.3% in 2019 from a year earlier, slower than the earlier estimate of a 3.5% growth, according to the National Bank of Ukraine. The economy slowed further in Q1 2020, recording a contraction of 1.5% from a year earlier, mainly due to the fallout from the coronavirus outbreak. The government expects the economy to shrink by 4.8% this year.