Ukraine's house prices in Kiev fell by 5.53% y-o-y in Q1 2019
Ukraine’s housing market continues to struggle, despite improved economic conditions. Secondary market apartment prices in Kiev fell by 5.53% (inflation-adjusted) to an average price of US$ 1,038 per square metre (sq. m.) during the year to Q1 2019, its 22nd consecutive quarter of y-o-y price declines. House prices fell by 1.38% q-o-q in Q1 2019.
House prices have been falling in the past five years, particularly in 2014 (with prices plunging 37.38%) because of hryvnia devaluation due to the Russian war. Currently, house prices are 75% (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 2.2% in Q1 2019 from a year earlier, following y-o-y expansions of 3.4% in Q4 2018, 2.8% in Q3, 3.8% in Q2 and 3.1% in Q1, according to the State Statistics Service of Ukraine. Economic growth is projected at a modest 2.5% this year, based on estimates from the National Bank of Ukraine.