February 20, 2024
The demand for apartments in Lviv has not been decreased even during the war. However, the buyers are concerned, as they are not sure that everything will be fine and that the newly purchased housing will not become a ruin. Only those people who are in need are making deals. Therefore, the housing market slows down but does not stop completely.
In the last three years, Lviv real estate has significantly increased in price. The cost of 1 m2 in 2021 amounted to UAH 24,000.00. In 2022, it almost doubled and reached UAH 44,900.00. In 2023, the price of apartments in Lviv rose to UAH 48,200.00 per m2.
Prices for apartments in different districts of the city
Usually the cost of housing is influenced by its location. An apartment in the city center can not cost as much as a similar room in the suburbs. Therefore, before you start looking for a decent option, you should assess your financial capabilities.
Real estate in Shevchenkivskyi, Lychakivskyi and Halytskyi districts of the city is in great demand. Firstly, these districts have long been inhabited, with extensive infrastructure. Secondly, there live wealthy people who have better equipped their homes.
People who are engaged in business and have money try to buy an apartment in the center. Depending on the district of the city, a square meter in Lviv costs:
- Halytskyi district - $1708;
- Lychakovskyi district - $1521;
- Frankovskyi district - $1435;
- Sykhovskyi district - $1415;
- Shevchenkovskyi district - $1412;
- Zheleznodorozhnyi district - $1228.
Of course, the cost of housing depends on many factors. In particular, on the condition it is in. If repair or interior finishing is required, the price of the apartment is significantly reduced.
How much is a square meter of an apartment in Lviv
The price of apartments in Lviv depends not only on the location, but also on whether it is a primary or secondary market. If you want to buy an apartment in the city center, you need to be prepared for the fact that you will not be the first owner. In addition, in old houses there are often emergencies with water supply, sewerage, heating or communication networks.
The average price of an apartment in Lviv on the secondary market depends on the total area and the number of rooms in the apartment:
- 1-room apartments - $59,110;
- 2-room apartments - $89,100;
- 3-room apartments - $113 600.
Prices on the primary market:
- 1-room - $42,200;
- 2-room - $53,700;
- 3-room - $82,500.
Consequently, every buyer can buy an apartment that meets all his requirements.
How to choose an apartment in Lviv
People are always concerned with the question of how the prices for apartments in Lviv are formed. Nowadays this indicator is greatly influenced by the military and political situation in Ukraine. After all, in the city appeared a lot of migrants from the east and south of the country. Owners now it is more profitable to rent an apartment than to sell it.
In addition, there are several other important factors affecting the cost of apartments:
- Location (neighborhood).
- Infrastructure.
- Environment.
- Condition of the dwelling itself.
- New building or apartment on the secondary market.
- Type of heating - individual or general.
- Availability of furniture.
- Floor (how the elevator operates).
A separate line stands residential complexes. Many buyers are ready to willingly buy apartments in such areas. After all, there is everything necessary for family life and a minimum of night entertainment facilities.
Location of housing
For people who work it is important that their housing is located in the city near a convenient transportation interchange. For example, a bus stop or an electric bus stop.
Most importantly, away from industrial facilities that can spread stench and harmful emissions.
Infrastructure
Families with children prefer neighborhoods that have a network of stores, kindergarten, school, sports and playgrounds. Sometimes the decision of buyers is influenced by the close proximity of music or sports school. In addition, the presence of consumer services is important for them.
Everything necessary should be near the house, in particular, a children’s polyclinic and dentistry. The presence of shopping centers and supermarkets is also a great advantage. It is great if there are green spaces in the area – a park or a square, in which you can walk with children in their free time.
Residential complex
Otherwise, it can be called a city in a city – it is quite valuable real estate. A well-planned residential complex gives residents the opportunity to solve all their affairs without moving away from home. In them everything is thought out to the smallest detail, so that each person could do his favorite things and he could not have to go to the other end of the city every time.
Buy apartments in new buildings in Lviv – the dream of many people. This is the best solution for a city dweller. Branched infrastructure, entertainment and fitness centers, beauty salons, stadium, parks and other green areas make living in such areas is not only quiet, but also very pleasant. All this is available in our residential complexes, the cost per square meter of which is much lower than the competitors offers and starts from UAH 22,000.00.
The cost depends on the level of the housing complex – elite, business or comfort. Of course, the most expensive apartments are in elite residential complexes. In addition, you should choose at what stage of construction your dwelling is: as soon as it was started, it is commissioned or commissioning is planned for the next year. For car owners it is also important to have parking lots and parking lots.
Forecast of real estate market development in 2024
Resettlers from the east and south of the country are gradually getting used to life in new conditions. Therefore, most want to buy at least a small apartment, their refuge for the duration of the war. And real estate developers began to rework their projects and create more affordable housing.
Nowadays the trend is for small-sized apartments with partial amenities, with an area of 15 square meters or less. A new Smart Hill program is being developed for this purpose. To meet the frenzied demand for real estate, the state program “eOselia” is starting to work.
In 2024, the trend of residential rentals will continue. Therefore, real estate investments will be quite profitable. At the same time, due to inflation and rising prices for construction materials, the cost of 1 sq. m. in Lviv will grow. Already now the cost of such an area has reached 1300 dollars.
Consequently, people who want to stay in Ukraine will be able to buy their own housing, even if they do not have much savings.
