Analysis of Factors of the Residential Real Estate Rental Market in Ukraine During the War Economy
DOI:
https://doi.org/10.58423/2786-6742/2025-10-276-286Keywords:
market, rental, residential real estate, analysis, dynamics, SWOT analysisAbstract
The real estate rental market reflects the socio-economic situation in the country as a whole or in a separate region or even in a separate settlement. The demand for rental housing is determined by a certain set of factors, in particular migration (arrival) and the creation of new families. The residential real estate rental market is characterized by seasonality. In large cities, the demand for rental housing decreases significantly in the summer months and increases significantly in late August - early September. The supply of rental housing is formed due to the construction of new housing and the migration of residents (in the case of supply, people leaving should be taken into account). The price of renting real estate depends on the area of the settlement, the number of rooms and the area of the rented apartment, the number of floors and the number of floors in the building, the availability of parking spaces, the energy efficiency of the apartment, the internal condition of the apartment and furniture, the condition of the entrance and the surrounding area, the relationship between the landlord and the tenant of the apartment, the length of stay of the tenant, etc. The characteristics of the real estate rental market in Lviv and Kyiv are determined by the traditionally high demand for rental housing for the following reasons: demand is mainly formed and increases significantly in September due to the large number of students, the flow of labor migrants, tourism. The following trends are clearly visible in the residential real estate rental market in Lviv and Kyiv: the number of built apartments increases every year, but not their total area, which, on the contrary, decreases, i.e. apartments of smaller area are in demand; the number of one- and two-room apartments under construction, which are also in special demand for rent, is significantly increasing.
In conditions of economic instability, war and internal migration, the residential real estate rental market in Ukraine has undergone significant changes. First of all, there have been territorial changes in housing demand, which have led to an increase in the unevenness of construction in different regions, as well as changes in investment activity and pricing policy. Since the residential real estate rental market is an important indicator of the country's economic stability, the study of factors affecting its dynamics is an urgent task in order to determine the prospects for the recovery and further development of this market.
The trends in the development of the residential real estate rental market during the full-scale invasion of Ukraine were studied. The factors influencing the transformation of real estate demand due to the impact of the war were analyzed. Changes in prices in the residential real estate rental market in safe regions in 2025 were tracked. SWOT analysis was used to identify internal strengths and weaknesses, as well as external factors influencing the residential real estate rental market of Ukraine during economic instability.
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Copyright (c) 2025 Ruslana Shurpenkova, Oksana Sarakhman, Tetyana Kalaitan
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