Housing is getting more expensive: how much are new apartments in Ivano-Frankivsk sold for

As the experts predicted, prices per square meter began to rise  in the fall .

On average, the price of real estate in Ivano-Frankivsk rose by 6%.

One of the reasons for the rise in prices was the increase in the cost of construction materials which also went up. This means an increase in working costs for developers.

The situation on the foreign exchange market had an impact as well. On October 30, the National Bank of Ukraine set the official exchange rate of the hryvnia against the US dollar at UAH 28.40.

Depending on the class of the object, the dynamics of the cost per square meter in new buildings in Ivano-Frankivsk shows the most significant rise in prices for luxury housing. The price increased by up to 9%. The average price of luxury apartments in residential complexes like Royal Hall currently ranges from UAH 25,714 per sq. m. However, apartments in business class houses rose in price by 6%. In Ivano-Frankivsk, the best price is offered in the Manhattan RC. The cost per square meter starts from UAH 12,500 there.

Housing prices in new comfort class buildings have risen by 2%. The best option is offered at Comfort Park RC. The cost per square meter begins at UAH 10,900 per sq. m there. Favorable offers are also available in the Parkova Aleia RC, where the price starts from UAH 11,000 per sq. m. Experts note that by the end of the year, the percentage will increase

If we analyze the growth of prices in the microdistricts of Ivano-Frankivsk, the largest percentage falls on the central part. The second place is taken by Pasichna and Yevhen Konovalets Street. The cost of housing increased by 4% there. In other neighborhoods, prices rose by 2%.

As of today, the average price per square meter is UAH 13,515 in Ivano-Frankivsk. But by the end of the year, the situation may change. According to experts, buyers should prepare for the rise in property prices by up to 5%.