Sales of new apartments in occupied Mariupol up 230%

The occupying administration continues active housing sales on occupied Ukrainian territories. In particular, there is a sharp increase in demand for new housing in Mariupol.

Real estate market statistics

Petro Andriushchenko, head of the Centre for the Study of Occupation, recorded a significant increase in sales. According to him, the number of apartments sold in new builds increased by 230% over the past year.

«Росіяни почали масово скуповувати квартири в Маріуполі. За рік продажі квартир у новобудовах зросли на 230%, а лише в липні було продано 305 квартир. Попит підтримує пільгова іпотека під 2% річних» (Russians have started buying apartments en masse in Mariupol. Over the year, sales of apartments in new builds rose by 230%, and 305 apartments were sold in July alone. Demand is supported by preferential mortgages at 2% per annum), Andriushchenko reported.

Factors stimulating demand

The main driver of the market is the low cost of credit funds. Preferential mortgages with an annual rate of 2% make housing acquisition financially accessible for Russian citizens, causing mass purchases.