News digest of the Ukrainian Association of Developers
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 in the lives of UA Developers members, as well as share interesting materials from the association's members.
News of the association:
2024 through the eyes of UA Developers
Yevgeny Favorov, Chairman of the Board of the Ukrainian Association of Developers, summarized the results of the past year for the real estate market. In his column for Banker magazine, he spoke about the current situation with the provision of apartments to people who have lost their homes, the impact of the eOselya program on the housing market, and the future prospects for the real estate sector.
News of the association members:
Commissioning of the Great residential complex by IB Alliance
IB Alliance, a member of the Ukrainian Association of Developers, has announced the commissioning of the 13th building of the Great residential complex. Earlier, the first six buildings in the Kyiv residential complex were already commissioned.
Postal addresses of the New Fort from Riel
RIEL Real Estate Corporation, also a member of UA Developers, has announced that the first two phases of Lviv's New Fort. Pidzamche Town". So, the process of registering ownership of apartments in the new buildings will begin soon.
Economics and the real estate market:
Where they build the most
At the end of last year, the capital and Kyiv region dropped out of the top 3 most active regions in terms of new construction projects. They collectively account for only about 15% of the total, according to LUN service analytics. Lviv region remains the leader by a wide margin, with Zakarpattia and Ivano-Frankivsk regions taking second and third place.
The housing market is getting more active
Last year, Ukrainians bought housing 14% more often than in the previous year, according to the National Bank's financial stability report. Compact housing is the most popular, with the average size of purchased apartments being 48m2. At the same time, the number of transactions is currently only 70% of the pre-war level.
Politics and management:
New housing policy
The Cabinet of Ministers of Ukraine has approved the draft law "On the Basic Principles of Housing Policy," which is intended to replace the outdated Housing Code and requires revision of about 70 existing legislative acts. The draft law has already been registered in the Verkhovna Rada.
More funds for eHousing
The Ukrainian government has also increased the authorized capital of Ukrfinzhytlo, the company responsible for the state mortgage lending program eOselya, by UAH 20 billion. This additional capitalization means that Ukrainians will be able to receive more new housing loans through eOselya.
