Espreso. Global
Company news

Developers forecast gradual increase in real estate prices: it will depend on several factors

11 July, 2024 Thursday
09:00

The cost of housing construction in Ukraine has increased by an average of 45% in hryvnia equivalent during the full-scale war. This occurred due to several significant reasons – the rising costs of building materials, energy, logistics, as well as increased labor costs, contractor services, and the devaluation of the national currency

client/title.list_title

This opinion was expressed by Ramil Mekhtiev, CEO of the development company ENSO, in his expert column, published by the Ukrainian Liga web portal.

“Developers objectively won't be able to keep prices at pre-war levels for long. This would jeopardize the ability to complete ongoing projects and maintain declared quality standards,” notes the CEO of ENSO.

At the same time, the expert does not predict an immediate and sharp price jump, as the purchasing power of the population has also suffered during this period. Therefore, construction companies will have to balance between their expenses and buyers' expectations.

“The rise in new housing prices is not a whim, but an objective consequence of increased costs and changes in the market environment. However, the dynamics and scale of these price adjustments will depend on many factors – both economic and psychological,” Mekhtiev emphasizes.

Among other trends that will impact prices, the expert notes:

● Sustained demand for investment-attractive housing in the early stages of construction;

● Shifting consumer priorities towards larger spaces and security infrastructure;

● Developers seeking new construction solutions and attempts to optimize costs.

Background:

ENSO is a Ukrainian development company founded in 2017, focused on the development, construction, and management of residential and commercial real estate projects.

From day one, the company has been implementing the boldest architectural solutions, using advanced technologies and the best domestic and foreign building materials. The company is constructing residential complexes with a total area of about 400,000 square meters: Diadans, First Poetica Collection, Second Poetica Collection, and Fjord.

ENSO was the first company in Ukraine to certify a residential complex according to international environmental standards. In 2020, Diadans passed the BREEAM International New Construction certification, which includes an assessment of energy efficiency, the building's environmental impact, safety for residents and visitors, use of environmentally friendly construction materials, convenience of transport infrastructure, and more.

The company's mission is to change market templates, form new quality standards and approaches in architecture that are designed not only to provide comfort, coziness, and security to owners and investors but also to significantly improve the appearance of the city.





 
Tags:
Read also:
  • News
2025, Tuesday
4 February
21:45
Gimli robotic complex joins Ukraine's army, aiding in evacuation and resupply
21:30
Exclusive
When could Ukraine hold elections after the war? Lawyer explains
21:12
Ryanair plans to resume flights to Lviv, Kyiv 4-6 weeks after war ends
20:57
Black Sea tankers wreck: IMO holds Russia responsible
20:40
"Don't let them drain resources": military commander reacts to Trump
20:23
Polish Military Institute of Armament Technology, Ukrainian NAUDI agree to cooperate
20:07
Exclusive
USAID funding freeze: Expert Riabtsev on potential risks for Ukraine’s energy sector
19:51
Exclusive
Trump's proposal to get rare metals from Ukraine is political move – analyst
19:35
"We are open to U.S. investments": Zelenskyy responds to Trump's statement on rare earth elements
19:08
Ukraine to introduce mandatory psychological aid training for doctors – First Lady
19:02
Updated
Russian ballistic missile strike on Ukraine’s Izyum kills 5, injures 52
18:50
Exclusive
Ukrainian forces may have to withdraw from Chasiv Yar – military analyst
18:33
Von der Leyen urges EU to find "most creative way" to use Russian assets for Ukraine
18:15
Exclusive
Western weapons can now strike deep into Russia, but new problem emerges
17:54
U.S., Ukraine did not discuss elections before 2025 — Ambassador Markarova
17:34
Updated
"The situation is critical": IAEA chief visits key substations vital for Ukraine's nuclear power plants
17:14
Russian national hockey team banned from 2026 World Championship
16:55
Ukraine’s HIV response at risk amid U.S. aid freeze
16:33
Support for military aid to Ukraine declines in Poland
16:15
Russia equips Gerbera foam drones with warheads
15:56
Ukraine’s parliament approves defense loan agreement with UK
15:32
Ukrainian troops release GoPro footage of repelling Russian assault, eliminating two squads
15:14
OPINION
Ukraine’s power sector withstands winter challenges, but risks remain
14:55
Ukraine’s embassy facilitates meetings between Zelenskyy, Trump teams — Ambassador
14:33
Hopes for Russian democracy met harsh reality – Ex-MP Kendzior on Ukrainian diaspora in 1990s
13:57
Review
Russian advance slows down, how Ukrainian Armed Forces approaches change. Serhiy Zgurets' column
13:35
U.S. firefighters document impact of Russian strikes in Ukraine, set to release second film
13:16
Exclusive
Ukraine takes key step in reforming Armed Forces management system – military expert
12:55
Norway provides significant aid to Ukraine but profits from war-driven revenues
12:34
Exclusive
Ukraine Russia war live map, January 15-22
Russian forces scale back assaults in Pokrovsk sector: Ukrainian officer explains why
12:14
Exclusive
Ukraine Russia war live map, January 22-29
Russian forces pushing to launch battle for Kostiantynivka, Donetsk region
11:51
Ukraine retakes positions in Kupyansk, Russian command threatens troops with execution for retreating
11:32
OPINION
Where will Putin and Trump meet?
11:15
North Korean troops no longer fighting in Russia’s Kursk region — South Korean intel
10:53
110 clashes reported at front as Russian forces launch over 6,000 attacks on Ukraine
10:34
Russian army continues to suffer heavy losses despite slowing offensive – ISW
10:13
Scholz calls Trump’s proposal to trade Ukrainian rare earths for U.S. aid "very selfish"
09:54
Russian overnight attack on Ukraine: UAV debris hits Kyiv high-rise, fires in Cherkasy
09:35
Russia loses 1,270 soldiers, 92 drones, 18 tanks in one day of war in Ukraine
2025, Monday
3 February
22:00
Nearly 63,000 people are missing in Ukraine
More news