Epicenter plans to complete construction of five shopping centers, logistics complex by year end

The Epicenter group of companies continues to invest in the development of all areas of business and plans to complete the construction of five shopping and entertainment centers in different regions of Ukraine and a logistics complex in Khmelnytsky by the end of 2024. “This year, work is planned on the construction of five shopping … Read more

Demand for housing growing mainly due to secondary market – NBU

Demand for housing is growing moderately mainly due to the secondary market, while investment demand and interest in new buildings remains low, according to the Financial Stability Report for June 2024 prepared by the National Bank of Ukraine (NBU). According to the document presented on Wednesday, in the first quarter of 2024, notaries signed third … Read more

Ukrainians under eOselia program can purchase apartments in 100 houses under construction

Under the eOselia preferential mortgage program, partner banks have accredited 47 developers, apartments are available in 100 houses under construction. As the press service of Ukrfinzhytlo reported, in April and May 2024, 10 developers joined the program, Ukrainians can purchase property rights to apartments in 60 residential complexes in 14 regions of Ukraine. Recently, a … Read more

Epicenter shifts strategy with new shopping centers in Ukraine

Ukraine’s leading network of construction hypermarkets, Epicenter, is expanding its business model by introducing shopping centers that will include third-party tenants, according to a Forbes report on May 20. The company is currently refining the design for the third floor of its Lviv shopping center and anticipates the launch of two additional centers in Kyiv … Read more

State Property Fund sets starting price for privatization of Ocean Plaza shopping center at UAH 1.65 bln

The auction commission has set the starting price for the privatization of the state-owned share (66.65%) in the charter capital of Investment Union Lybid LLC, which owns the Ocean Plaza shopping center, at UAH 1.65 billion, the press service of the State Property Fund reported. According to the report, the starting price and terms of … Read more

Ukraine to present plan to increase transparency of real estate market in March – IMF memo

The National Bank of Ukraine (NBU) and the Ministry of Justice in March 2024 should prepare a plan to increase the transparency of the real estate market, the updated Memorandum of Economic and Financial Policy of Ukraine on the EFF extended Financing program with the International Monetary Fund (IMF) reads. “The NBU and Ministry of … Read more

Arricano shopping centers in Kyiv reach zero vacancy at end of 2023

Shopping and entertainment complexes of the developer and management company Arricano Real Estate Plc in Kyiv reached zero vacancy at the end of 2023, in regional shopping centers the figure was less than 1%, the company’s press service reported. According to its data, last year the company signed more than 60 lease agreements for 7,000 … Read more

Despite the war, the real estate market is recovering, growing by 70%.

In 2023, Ukrainians bought 404,000 real estate properties, which is 70% more than a year earlier. However, this is still significantly less than before the full-scale war (631,000). Until 2021, when the government opened the land market, there were significantly more deals for purchasing housing than land, but this year, the number of deals almost … Read more

Damage to housing stock in Ukraine totals over $54 billion

Direct damage to housing and otherreal estate in Ukraine exceeded over $54 billion as of May 2023, according to research published by the Kyiv School of Economics Institute. Of the total amount of direct damage to the housing stock, the majority, amounting to $46.6 billion – came from the destruction and damage to apartment buildings. … Read more

Zelensky signs law launching comprehensive thermal modernization of buildings

President of Ukraine Volodymyr Zelensky signed a law on amendments to laws on creating conditions for the introduction of comprehensive thermal modernization of buildings. “The law will contribute to the implementation of projects for the introduction of energy efficiency measures and thermal modernization of buildings,” the website of the Ukrainian parliament reported. The Verkhovna Rada … Read more