Price Growth Forecast for Apartments in Kyiv: Real Estate Market Analysis

|
Price Growth Forecast for Apartments in Kyiv: Real Estate Market Analysis

Potential buyers in the Kyiv real estate market are confident that prices in both the primary and secondary markets will continue to rise. This is supported by the results of a survey conducted by the LUN company.

This is reported by Finway

Prices in the Primary Market

Analysts note that from January to March 2025, the share of potential investors in the primary market expecting an increase in housing prices from developers has grown. At the beginning of April, 61% of investors believed that prices would rise, while in January, only 50% of respondents held this view. Thus, the share of optimistically inclined investors has increased by 11%.

Furthermore, the number of those predicting a decrease in prices from the capital’s developers has decreased. At the beginning of the year, 17% of potential investors believed in a “bearish trend,” but now this figure has dropped to 12%, a reduction of 5% over three months.

The data indicates that the number of respondents who believe that prices in the primary market of Kyiv have plateaued and will not change in the near future has decreased from 33% at the beginning of the year to 27% in April.

Prices in the Secondary Market

The situation in the secondary market is similar: buyers also believe that prices will continue to rise. Over the past three months, the figure has remained unchanged, with 39% of respondents believing in price increases. However, 41% of those surveyed in April expressed the opinion that prices in the secondary market have stabilized, and no changes are expected in the near term. In January, this opinion was held by 36% of respondents.

Additionally, the number of respondents who believe in a decrease in apartment prices in the capital has decreased from 36% in September last year to 20% in April 2025.

In April, the new construction market in Irpin is demonstrating stable price growth, indicating an increase in construction activity and investor interest. The average cost per square meter in new buildings is now 35,900 UAH, rising by 6.2% over the past six months.

According to GMK Center data, by the end of 2024, the total area of housing commissioned in Ukraine increased by 32% to 9.8 million square meters. The regional leaders are: Kyiv — 1.41 million square meters (14.5% of the total volume); Kyiv and Lviv regions — 1.95 million square meters (19.9%) and 1.06 million square meters (10.9%), respectively.