Market Analysis of Residential Real Estate in Ukraine: Prices and Demand in July and the First Half of the Year

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Market Analysis of Residential Real Estate in Ukraine: Prices and Demand in July and the First Half of the Year

In July 2025, the Ukrainian primary housing market welcomed new properties: 14 residential complexes were put into operation in Kyiv, Ivano-Frankivsk, Lviv, Zakarpattia, Ternopil, and Khmelnytskyi regions, as well as in the capital.

This is reported by Finway

Price Dynamics in the Primary and Secondary Markets

In the vast majority of regions, a moderate but stable increase in the price per square meter has been recorded in the primary market. The highest average price was noted in Kyiv — $1,407 per square meter. The top 5 cities with the most expensive housing also include Uzhhorod ($1,141), Lviv ($1,138), Dnipro ($1,119), and Kropyvnytskyi ($1,080). The most affordable housing is offered in Zaporizhzhia ($512) and Sumy ($544) regions.
Poltava region has become the leader in the rate of housing price growth: here, prices increased by 6% in just one month.

In the secondary market, July also saw a price increase almost nationwide. Chernivtsi region emerged as the leader in growth — housing prices rose by 10%. In Kyiv, the average cost of a one-bedroom apartment reached $94,200, with this figure accounting only for offers within the city, excluding the suburbs.

Demand and Supply: The Impact of War and Regional Features

According to the results of the first half of 2025, the demand for primary housing in Ukraine remains significantly lower than the supply — by 50-60%. This is linked to the activation of the construction sector: construction volumes have increased by an average of 30% compared to the same period last year. However, demand is restrained by uncertainty related to the war and overall instability.

According to experts, the current demand for primary housing is unevenly distributed. The largest share — about 40% — is concentrated in the western regions: Lviv, Ivano-Frankivsk, Chernivtsi, and Zakarpattia. Another 25% is concentrated in Kyiv and its suburbs. Approximately 15% of buyers choose Odesa and its surroundings. The remaining regions account for only about 20% of demand. At the same time, a clear dependency is observed: the further from the front, the greater the demand for new constructions.

Thus, the residential real estate market in Ukraine in 2025 demonstrates divergent trends: rising prices, increased volumes of new constructions, and heterogeneous demand that depends on the security situation in the regions.