How much does a high-rise building cost? According to government officials – about UAH 12 thousand ($446) per square meter. Is this true and what is real developer’s markup?
Ministry of Regional Development and Construction calculates the average cost of housing construction on a quarterly basis. According to the latest data, building a square meter of housing in Kyiv costs UAH 13.8 thousand ($514), in the regions – UAH 10-12.4 thousand ($372-461). Does this indicator reflect the realities of the market, and what margin is used by developers in the sales of housing to investors?
Local authorities provide the Ministry of Regional Development with data that become the basis for determining the structure of the cost of building residential houses. The price per square meter of the total area of the building serves as an indicator of indirect value.
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