The secondary real estate market in Kyiv is experiencing a rise in housing prices. Over the past six months, the cost per square meter has increased by 8.69%, which amounts to nearly ₴5,000 ($122), rising from an average of ₴57,242 ($1,396) to ₴62,214 ($1,517), according to M2bomber data. Throughout the year, prices per square meter have grown by 5% (+₴3,000 ($73)). However, in the last month, a decrease in prices of 2.32% has been recorded, equivalent to nearly ₴1,600 ($39). This may indicate the beginning of a new trend – a decrease in housing prices.
This is reported by Finway
Real Estate Market Situation
Analysts note that property owners most often set the price per square meter for one-bedroom apartments at ₴48,000 ($1,171), which accounts for 9.6% of all sales listings. In the most budget-friendly segment, offers can be found with a price of ₴3,200 ($78) per square meter, but such listings make up only 0.6%.
Factors Influencing the Market
The increase in residential real estate prices in Ukraine is driven by numerous factors, including the geopolitical situation, inflation, and an imbalance between supply and demand. Experts predict that, on average across Ukraine, housing prices may rise by another 1-3% in April, depending on the region.