16:07 01.03.2016

Housing prices on primary market 1.8% up in Feb

2 min read
Housing prices on primary market 1.8% up in Feb

Average price of of housing in the primary real estate market in Kyiv in February 2016 increased by 1.8% compared to the previous month, to UAH 23,509 per square meter, while the rise in prices in February 2016 compared to February 2015 amounted to 10.9%, according to the Stolychna Nerukhomist information and analytical portal.

According to the report, in February 2016 the average cost of one square meter of economy class housing in the primary real estate market grew by 3% compared to January 2016, to UAH 17,819. At the same time, prices for business class grew by 0.5%, to UAH 27,110, premium class housing prices were up by 4.8%, to UAH 42,408.

"Thus, since early 2016 the prices of housing on the primary market have grown by almost 10%," the portal said.

According to Stolychna Nerukhomist, economy class housing prevailed in the structure of primary housing supply in February 2016 with a share of 53%, while the share of business class housing was 34%, premium class apartments 13%.

According to the report, the cheapest apartments in the primary housing market in Kyiv in February 2016 were in Desniansky district (an average of UAH 14,557 per square meter), the most expensive in Pechersky district (UAH 38,067 per square meter).

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