Migration factor: risks and opportunities for individual region

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The migration factor is one of the key ones in the real estate market in conditions of military operations throughout Ukraine.

Despite significant losses in Kyiv and the Kyiv region, this region became the most populated by internally displaced persons (IDPs), which provoked an increase in demand for housing and rising prices. So the migration factor also became an special database opportunity for Kyiv and the region.

The general macroeconomic state of the Ukrainian economy and its forecast and the presence of the state program for affordable housing for the population "eOselya" are also opportunities in the real estate market.

However, the risks remain the uncertainty of the end of the war. At the same time, the deferred demand associated with expectations and more profitable investments, the lack of a unified approach to determining monetary losses caused to the real estate market, the lack of a unified digital resource for accumulating and processing data on losses and their assessment. Existing risks complicate the process of developing a plan and strategy for urban recovery. The impact of the war in Ukraine on housing prices will depend, among other things, on the location of the real estate.

The full-scale war that Russia launched on February 24, 2022 against Ukraine caused a colossal drop in the market to indicators. They are now four times lower than the figures of 2021.

Systemic destruction of real estate: Ukraine's war for its own identity

Real estate is one of the niches that has suffered the most from the war. As of January 2024, the total amount of direct documented damage that Russia has caused to Ukraine's housing stock as a result of the initiated war has reached almost $59 billion.