By KYIV. Nov 30 (Interfax-Ukraine) – The development market in Ukraine has fallen by more than 70% due to the full-scale Russian invasion, but it can return 40-50% next year thanks to the affordable mortgage program, Serhiy Pylypenko, the general director of Kovalska Group, believes.
"In development, we are planning growth of 40-50%. We believe that next year’s dynamics will be better thanks to the mortgage program and an increase in the supply of finished housing," he said in an interview with the Ekonomichna Pravda edition.
At the same time, the level of investment in future housing will depend on the activity of hostilities.
"Until people are confident in security, they will not invest in the foundation," he stressed.
According to Kovalska’s general director, the demand for housing has practically stopped after the October shelling of the energy infrastructure. It will take at least 2-3 years to restore demand to the level of 2019, he believes.
"I believe that the development and construction markets will successfully develop along a V-like dynamics after the risk of hostilities decreases," Pylypenko said.
Kovalska Group has been operating in the construction market of Ukraine since 1956. It unites more than 20 enterprises in the field of extraction of raw materials, production and construction.
