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01.04.2026

The Gulf War and its ripple effect: Why housing prices are rising in Ukraine

Escalating tensions surrounding Iran, threats to shipping through the Strait of Hormuz, and potential disruptions in oil and liquefied natural gas (LNG) supplies have consequences that extend far beyond the energy sector. For Ukraine, this translates into a direct impact on the real estate market.

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The world once again finds itself in a situation where geopolitical tensions rapidly transform into economic consequences. Escalating friction surrounding Iran, risks to shipping through the Strait of Hormuz, and potential disruptions in oil and liquefied natural gas (LNG) supplies extend far beyond the energy sector.

For Ukraine, this translates into a direct impact on the real estate market. Rising energy prices are forcing developers to rethink their construction strategies: energy independence, autonomous power systems, and overall efficiency are no longer just premium features—they are becoming key cost drivers. Ultimately, this is reflected in housing prices across cities like Kyiv, Lviv, and Vinnytsia.

According to Oleksiy Koval, CEO of Perfect Group, the war in the Middle East will have an indirect yet tangible impact on Ukraine’s real estate market, primarily driven by the energy factor.

More details – in article LIGA.net

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