May 31, 2024
Interest in purchasing real estate or renting square meters in Lviv, Ternopil, Ivano-Frankivsk and Uzhhorod is the highest. This was stated by Rostyslav Melnyk, CEO of the Real Estate Corporation RIEL, in a commentary to the Ministry of Finance Portal.
“The demand for investment housing in the western regions of Ukraine remains high, in particular due to internal migration caused by the war. Internally displaced persons are looking for housing, which increases demand in cities such as Lviv, Ternopil, Ivano-Frankivsk, Uzhhorod, etc. In addition, there is a certain outflow of investors from the capital market due to the risks associated with the war and the desire to diversify their investments in more stable regions,” explained Rostyslav Melnyk.
According to him, the greatest demand is for medium-sized apartments (50-70 square meters) with a budget of USD 60-80,000.
“Investors are focused on the facilities that can be quickly leased or resold at a profit. For example, in RIEL, these are apartments in Riel City and Shengen Residential Complexes,” he says.
It should be reminded that the day before, RIEL entered the TOP-rating of the LUN service as the largest developer of Lviv and Kyiv during the war. Also, RIEL Real Estate Corporation became the leader among Lviv developers, having commissioned 172,287 square meters since the beginning of the full-scale war.
