Zhitomir New Buildings Market
The primary real estate market in Zhitomir is regularly replenished with new projects; in recent years, there has been a growing trend in the construction of new residential complexes. The demand for apartments in new buildings in Zhitomir is increasing, and the number of developers is increasing accordingly. The geographical location makes the local market quite attractive for investors who want to buy an apartment in Zhitomir in a new building.
Residential complexes in Zhitomir are mainly represented by 1-3-room apartments in new buildings both at the construction stage and in already commissioned multi-story buildings. Among the advantages of new buildings, it is worth noting high-quality soundproofing, modern architecture, closed territory of the complex, security system, parking, etc. Buying a new building in Zhitomir from a developer also attracts investors for the following reasons:
- high standard of living and decent wages;
- excellent transport links with the capital;
- in terms of characteristics, the objects under construction are as close as possible to the capital's development;
- affordable prices for primary real estate compared to other regional centers.
Popular areas for purchasing an apartment from a developer in Zhitomir:
The center is one of the most expensive areas with a developed shopping and entertainment infrastructure and well-established transport links. There is a large selection of business and elite class apartments;
Kroshnya is a residential area on the northern outskirts of the city with inexpensive comfort-class properties. There are educational institutions, developed shopping infrastructure, recreation areas, a park;
Khmelnik is one of the youngest areas of the city with its own small infrastructure (kindergarten, shopping center, retail establishments). The choice of new buildings is small, the cost per square meter is low;
Korbutovka is an area located near the hydropark on the banks of the Teteriv River. The infrastructure is at the development stage, transport links to the city center are established. This is an ideal option for investors who prefer an active lifestyle surrounded by nature;
Korolevskiy is a district whose primary real estate is represented by typical apartment buildings. Industrial enterprises, higher education institutions, monuments and parks are located on the territory.
Location on the map, climate, economy and infrastructure
Zhytomyr is a city in the north of Ukraine, located on the Teteriv River, the administrative center of the Zhytomyr region.
The climate is humid continental. The warmest month is July with an average temperature of +17.8 °C, the coldest is January with an average temperature of -4.4 °C.
Zhytomyr is an important transport hub and scientific and technical center of the region. The city belongs to the capital's economic region. The main sectors of the economy are light, processing and food industries. The city plans to actively develop the eco-industry and is taking a course on an environmentally friendly urban strategy. Zhytomyr is among the top ten cities in Ukraine in terms of living comfort, is a cultural and educational center of the region. It has a well-developed infrastructure, many attractions, places for recreation and leisure.
Prices for new buildings in Zhitomir from the developer
The price of a new building in Zhitomir depends, first of all, on the location of the house, the availability of amenities in the adjacent territory, the class of housing, etc.
Housing prices vary from 640 to 840 US dollars per square meter. The average price per square meter is 770 US dollars. Prices for apartments in a new building in Zhitomir:
- smart - 41,310 US dollars;
- 1-room - 36,870 US dollars;
- 2-room - 54,470 US dollars;
- 3-room - 71,860 US dollars;
- multi-level - 85,900 US dollars.
Zhytomyr real estate in a new building
Zhytomyr real estate is divided into four classes (economy, comfort, business, elite). Potential investors can choose residential real estate, which is represented by a variety of options for townhouses, club houses, numerous multi-story buildings. Commercial real estate and investment projects (offices, bars, restaurants, retail space, etc.) are also in demand.
How to buy an apartment from a developer in Zhitomir: investment nuances
Foreigners can buy real estate from a developer in Zhitomir without any restrictions. The reliability of the developer and the availability of all permits are of key importance when choosing and buying an apartment in new buildings in the city. In order to purchase a new building in Zhitomir without unnecessary risks, we recommend that you seek comprehensive support from GEOLN experts who guarantee transparency and security of the transaction.
An apartment in a new building in Zhitomir is a profitable investment that guarantees a stable income from resale or rent, the opportunity to live comfortably in a modern city with many advantages.
Prices per sq. m. in popular districts of Zhytomyr
| District | Price from |
|---|---|
| Bohunskyi Raion | 485$ / m2 |
| Korbutivka | 465$ / m2 |
| Koroliovskyi Raion | 510$ / m2 |
| The old Town | 14,750$ / m2 |