Ukrainians are 1.5 times more likely to buy land than residential property

Notaries processed 452,000 real estate sales contracts last year. This is 12% more than in 2023 but still 28% less than before the full-scale war.

60% of all contracts were signed for land plots. This is 1.5 times more than agreements for apartments or houses: 273,000 versus 178,000 deals.

The purchase and sale of land plots increased by 18% over the year, reaching 273,000 transactions. Currently, such deals are 11% fewer than in 2021. For comparison, notaries certified 306,000 similar contracts that year. However, Ukrainians are in no rush to invest in housing: the number of such transactions increased by only 3% over the year. Currently, the purchase and sale of apartments and houses remain 1.8 times lower than before the full-scale war.

At the same time, mortgage loans have become more popular—rising by 14% over the year, totaling nearly 13,000 properties. The revival in demand for housing on installment payments was mainly driven by the state program eOselia: 70% (or 8,500) of last year’s mortgages were issued through eOselia.