When will prices for new buildings in the capital fall?

However, there are very few buyers. People are in no hurry to invest. And if they buy, they are interested in the safety of buildings. Kyiv developers note that during the war, the demand for underground parking spaces and barns increased - premises that were important to sell before the war. Now people are looking at them as possible places to hide.

According to the publication "Minfin" , many of the capital's developers have already resumed work. Over the past 2.5 months in Kyiv - 40%. But now there are few people who want to buy square meters.

Therefore, for the most part, facilities are completed with a high degree of readiness - companies strive to fulfill their obligations to investors, and only then move on to new projects.

So far, we are selling 5-7 apartments weekly, while in the pre-war period this figure was much higher, - said the press service of KAN Development.

According to the president of the Association of Real Estate Specialists of Ukraine, Yuriy Pita, they buy mostly fully finished apartments or already at the final stage of construction.

This is confirmed by the DIM group of companies: they say that most often investors are interested in projects with a high degree of readiness - from 60% and above.

The main buyers in the primary market are regular customers who have already worked with a particular developer. Usually buyers prefer real estate class comfort and comfort +. Today, the priority when choosing a home is safety.

In addition, a new layer of clients is being formed - migrants from the southern and eastern megacities of Ukraine, who plan to settle in the capital.

Despite the fact that there are few buyers today, prices continue to rise.

According to LUN, the average cost per square meter in the capital's real estate market has increased. In dollars, which the Ukrainian buyer is used to focusing on, growth over this period amounted to 3%. In hryvnia equivalent, prices increased by almost 9% compared to February. In general, according to LUN estimates, the smallest one-room apartment in a Kyiv new building will cost an average of UAH 1.7 million, a two-room apartment will cost UAH 2.5 million.

According to the LUN, about 60% of companies left their prices at pre-war levels, and only 10% reduced them.

This is facilitated by the constantly creeping cost: the rise in the cost of fuel and the complication of logistics, the rise in price due to a lack of labor resources, building materials, etc.