Feature; The Ukraine Rental Market

Feature: Anastasiia Cherevatova ABEA Relocation Ukraine “Rental Market Overview in Ukraine ”

For Ukraine 2022 has become the year of war atrocities, resistance and transformations. Since the beginning of the full-scale invasion Every, Single, Business in Ukraine has undergone significant changes. Some spheres have started to reduce capacity of their works and efficiency; others have accepted the challenge, analyzed demand & facilities, adjusted and now fight back.

New realities have not bypassed the branch of housing rental market. So what is going on with the war rental market in Ukraine?

Since February 2022 as the news about Russian invasion in Ukraine spread across the world a lot of international companies and consulates evacuated expats from Ukraine who were forced to leave all their belongings behind. The situation did not allow to protract. However, starting from June the first shock has passed and most of foreigners have been planning remote move out premises and transportation of the belongings. As a result, many elite apartments and houses now are vacant and demand is actually not very high.

Time is passing, Ukrainian people are not those who capitulate, they are finding ways to survive. The state of the real estate market in Ukraine has recovered by 80%, but in certain price segments. Not only the increased demand, but also the increase in the foreign exchange rate has begun to affect the price of housing rent. This trend is observed in renting an apartment with a budget of up to 550 USD. In another segment, the prices for renting luxury apartments have not yet risen even to the pre-war level.

On the other hand, among Ukrainians and in the domestic rental market we see an absolutely opposite situation. Apartments in the budget of around 450 USD are very popular among Ukrainians and especially migrants from territories where there are active military actions or places where there were missile attacks. Ukrainians have managed to put their lives in one suitcase, leave native places behind and move to save themselves into the unknown. For now, we can say that the west of Ukraine is overpopulated. People are looking for shelters and still do not leave their Motherland in such difficult times. updated as well. All types of tenants prefer new buildings and apartments located on "low" floors (up to the 5th floor). Also, an important search condition is the presence of a well-equipped shelter in the house or within 100-150 meters near it. Safety first!

It may seem that nobody wants to come to Ukraine. But it is a very wrong conclusion. Almost the whole world is showing its support and please, believe us, Ukrainians are grateful nation and never forgets good deeds. More and more journalists and volunteers are visiting Ukraine, a lot of diplomats are returning. All these people share braveness in their hearts together with Ukrainians.

Real estate market in Ukraine has faced difficult times, but who has never faced difficulty? The most vital thing is not to give up because Truth is with us, Power is with us, Victory is with us!

As always we thank all those who think about Ukraine and support Ukrainians. Every donation to the army and humanitarian aid brings Ukrainians closer to the bright future.

With care for you,

Anastasiia Cherevatova, Head of Relocation Department, ABEA Relocation (Ukraine)