How is the amount of compensation for a destroyed object of real estate determined?

The amount of compensation for the destroyed real estate is calculated based on the following parameters:

1. The total area of the destroyed property: The area is determined in accordance with the data available in the documents confirming ownership or in state registers.
2. The cost of 1 square meter of area: The cost is determined in accordance with the methodology approved by the Cabinet of Ministers of Ukraine. The calculation takes into account the average market prices for housing depending on the region, type of property and other characteristics.

Notes:

• In the absence of information on the area of the destroyed property in documents or registers, the data shall be clarified by conducting a site inspection or other procedures established by law.
• The amount of compensation does not include the value of the land plot on which the destroyed property was located.

Important: Currently, the mechanism for assessing the value of 1 square meter of space is approved in accordance with the regulations of the Cabinet of Ministers of Ukraine.