A lift in a multi-storey building is not simply a convenience – it is also an important factor that can affect property value. For buyers, property developers and investors, modern lift equipment is one of the key features determining the appeal of a residential property. This article explains how lifts influence property value and why flats in buildings with lifts tend to cost more.
For buyers: higher value and marketability
The price of a flat in a building with a lift is generally higher than that of a comparable property in a building without one. This is due to the convenience a lift provides, particularly for families with children, elderly residents and people with reduced mobility.
The benefits of a flat in a building with a lift include:
- comfortable travel between floors;
- easier transportation of large or heavy items;
- an improved overall quality of life.
Properties in buildings without lifts may be less expensive, but they also tend to have lower marketability. Buyers, especially in major cities such as Kyiv, often prefer buildings equipped with modern lifts, which increases demand for these flats. Property market studies indicate that flats in buildings with lifts may cost 10-20% more than comparable properties without lifts. Does a lift increase the value of a flat? The answer is yes – and market demand supports this conclusion.
For property developers: lifts as a tool for increasing value
For property developers, installing modern lifts in multi-storey buildings is a strategic decision that directly affects property value. Modern lifts not only improve comfort for future residents but also allow developers to set a higher price per square metre. High-quality lift equipment enhances the status of a residential complex and helps attract more buyers.
Euroformat, one of Ukraine’s leading lift manufacturers, offers complete lift solutions for property developers in Kyiv. This helps optimise costs while maintaining a high standard of equipment. By ordering a lift for a residential complex from Euroformat, a developer invests in increasing the market value of the project. Modern lifts with energy-efficient technologies and stylish designs give new residential developments an additional competitive advantage.
For investors: lifts as a factor in property appeal
Investors purchasing property also consider whether a building has a lift. Lifts improve the investment appeal of residential properties because buildings equipped with them attract demand from a wider range of residents. Families with young children, elderly people and people with disabilities often prefer buildings with lifts, helping to maintain stable demand and supporting a faster return on investment.
Lifts and residential property values are closely connected: flats in buildings with lifts are generally easier to sell or let. For example, in multi-storey residential developments in Kyiv, a modern lift may increase demand by 15-25%, depending on the location and class of the property.
Why choose modern lifts from the Ukrainian manufacturer Euroformat?
Installing lifts is not only about convenience – it is also a long-term investment. Purchasing lifts for a residential complex from a Ukrainian manufacturer such as Euroformat means equipping the building with systems that meet modern safety and energy-efficiency standards. Euroformat offers competitive pricing for property developers, while working with a domestic supplier provides several advantages:
- no delays associated with international deliveries;
- no additional customs costs;
- fast local servicing;
- ready availability of spare parts for repairs;
- compliance with current Ukrainian standards.
The presence of a lift can therefore have a significant impact on property value, making a building more attractive to buyers and investors. For developers, it provides an opportunity to increase the price per square metre. For buyers, it improves comfort and marketability. For investors, it helps ensure stable demand.
Choose Euroformat lifts and benefit from modern technological solutions at competitive prices. Further information about the company’s products is available by calling the telephone number provided on the website. Our consultants will be pleased to answer your questions.
