Обзор рынка торговой недвижимости в Украине, первые три квартала 2010 года

Ukraine, November 2011

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Regional retail market overview, Ukraine, Q1-3 2011

 

Total population of Ukraine amounts to over 45.5 million inhabitants, making it the world’s 28th most populous country. Out of 25 major regional centres, there are 5 cities with official population of around or over 1 million (Kyiv, Kharkiv, Dnipropetrovsk, Donetsk and Odessa), as well as 2 cities with populations over 700,000 inhabitants (Zaporizhzhya and Lviv).

The first three quarters of 2011 were marked by Ukraine’s preparation for the EURO 2012 Football Championship and generally positive economic dynamics in the country, including increasing household incomes and retail sales.

Kyiv, Dnipropetrovsk, Odessa, Kharkiv, Donetsk and Lviv are considered major cities of Ukraine and have been attracting particular interest from major retailers, developers and investors. In November 2011, total existing modern retail stock in these six cities exceeded 2.6 million sq m, on average amounting to 325 sq m per 1,000 inhabitants.

The retail segment proved to be the most resilient to the effects of economic crisis in 2008/9 compared to other property sectors in Ukraine, and demonstrated growth dynamics in 2010-2011.

Though new retail supply during 2011 has remained generally low both in Kyiv and the regional cities of Ukraine, the years 2012 and 2013 are likely to see significant augmentation in new delivery in the sector, reflecting the strengthening confidence of the market players.

Despite the remaining signs of the economic crisis and comparatively low incomes of the population, the potential of the retail property market in Ukraine undoubtedly remains high because of its immaturity in terms of quality and formats of existing retail schemes, large country size, high population density, perceived high brand awareness and propensity to spend.

 

Executive summary 1
Economic overview 2
Retail property market in Ukraine – general trends 6
Kyiv 10
Dnipropetrovsk 11
Odessa 12
Kharkiv 13
Donetsk 14
Lviv 15
Simferopol 16