Over the three years of the large-scale war, the cost of constructing housing in Ukraine has increased on average by 90-115% depending on the class of housing, and this trend continues, report specialists from the DIM group of companies. The main reasons for this increase are not only the rising prices of materials but also a systemic shortage of labor and a crisis in the supply of key components.
This is reported by Business • Media
Labor Shortage and Its Consequences
Currently, only 40-50% of workers are employed in construction compared to pre-war levels. This labor shortage forces companies to raise wages, attract contractors from other regions, and in some cases even from abroad. These factors directly affect the cost of construction. Since the beginning of the year, the cost in the Comfort+ segment has increased by 17% and now ranges from $850 to $1,000 per square meter.
Increase in Prices of Building Materials
Regarding building materials, there has been a significant price increase: concrete has risen by 50%, drywall by 35-45%, plaster by 30-40%, and tiles by 50-60%. The market is also experiencing a shortage of glass, metal profiles, and glazing systems, which significantly impacts the implementation of business-class projects. Prices for facades for Comfort and Business class projects have increased by 25-40% over the year.
According to analysts, prices for key building materials have increased on average by 40-60% from the beginning of the full-scale war until May 2025. At the same time, the share of imported building materials in the average project has effectively doubled: from 12-14% in 2021 to 25% in 2024.