News Digest of the Ukrainian Association of Developers June 22-28, 2024
We are pleased to present the news digest of the Ukrainian Association of Developers. In it, we briefly and without "water" tell about the most important events of the week that took place in the construction industry and the lives of UA Developers members, as well as share interesting materials from the association's members.
EBA news
Restoration of housing
Yevhen Favorov, Chairman of the Board of the Ukrainian Association of Developers, explained how long it will take to restore the housing stock destroyed by the hostilities. To solve the problem effectively, it is necessary to increase construction volumes and attract additional investments.
The value of real estate will increase
Yevhen Favorov also explained why the rise in housing prices in the primary market is inevitable. Due to the decline in the number of new projects over the past two years, the supply will narrow, which will significantly affect the availability of primary real estate.
News of the association members:
Commissioning of Saga City Space
Saga Development, a member of the Ukrainian Association of Developers, has announced that Saga City Space has received a certificate of readiness for operation. The next stage is the inspection of the apartments by future residents and signing of acceptance certificates.
Economics and the real estate market:
A new bank in eOselya
TASKOMBANK has joined the state mortgage lending program eOselya. It became the tenth partner bank of the program. In five partner banks of eOselya, you can get a mortgage loan for an apartment in a building under construction.
There are fewer apartments in new buildings
According to the State Statistics Service, in the first quarter of 2024, only 9884 apartments in apartment buildings were built in Ukraine. This is 44.5% less than the number of apartments started in January-March last year and half as many as in the same period of 2021.
€400 million for social housing
Grzegorz Gajda, a representative of the European Investment Bank, told Suspilne that the bank will finance a pilot project for the construction of social housing in Ukraine. It is planned to allocate 400 million euros for the development of social housing in several cities, which will be rented on preferential terms.
Consumer sentiment of Ukrainians
41% of potential real estate buyers are considering purchasing an apartment in a new building, according to a survey by DIM.RIA. At the same time, only 10% of respondents plan to buy housing as an investment, and the most common goal is to replace rented housing with their own (36% of respondents).
