The price conditions on the real estate market in Ukraine are now more favorable than before the full-scale invasion. At the same time, Ukrainians are not ready to invest in housing due to military risks. The NBU experts stated this in their December Financial Stability Report.
In particular, the improvement in price conditions in the real estate market is evidenced by the decline in the price-to-rent ratio to its long-term average, which makes buying a home more profitable than renting one.
In addition, the price-to-income ratio is at a historic low. On average, a family will have to pay the equivalent of its 10-year income to buy 70 square meters of housing in Kyiv.
However, the demand for housing purchases has not yet recovered to the level before the full-scale invasion, although it is slowly reviving, experts add.
The cost per square meter on the secondary market in dollar terms in the capital and western Ukraine has remained mostly stable, while it is even declining in other regions.
