Over the past four years, from May 2021 to May 2025, significant changes have occurred in the secondary housing market in Ukraine. Chernihiv has become the leader in the rate of price growth for one-bedroom apartments. The median price of such apartments in the city has increased by 83% – from 662,000 UAH to 1.2 million UAH. This result came as a surprise, considering that the city had long been in a risk zone at the beginning of the full-scale invasion.
This is reported by Finway
Price Dynamics in Different Cities
At the same time, experts note that there is currently a gradual return of interest in the housing market in Chernihiv, which has become the main reason for the increase in apartment prices. Ternopil ranked second among cities with the highest growth: here, the price of one-bedroom apartments increased by 82%, from 907,000 UAH to 1.65 million UAH.
The top five cities with the highest price increases also include the following regional centers:
- Vinnytsia – an increase of 73%, from 1.2 million to 1.9 million UAH;
- Zhytomyr – 58%, from 1 million to 1.6 million UAH;
- Ivano-Frankivsk – 56%, from 1.1 million to 1.9 million UAH.
Price Decreases in Several Cities
At the same time, noticeable declines in prices for one-bedroom apartments have been recorded in several cities of Ukraine. In particular, in Kherson, prices decreased by 16% – from 716,000 to 608,000 UAH, in Zaporizhzhia – by 13% (from 777,000 to 671,000 UAH), in Mykolaiv – by 6% (from 797,000 to 748,000 UAH), and in Dnipro – by 5% (from 1.1 million to 1.07 million UAH).
Overall, experts note that despite the pandemic, war, and economic challenges, the real estate market in Ukraine continues to change, adapting to new conditions and the needs of the population.
“Housing in Ukraine has been increasing unevenly since 2021. The highest growth rates have been recorded in those cities that residents chose as an alternative to Kyiv after the onset of the full-scale invasion. The West and Center showed the highest dynamics, while frontline regions experienced a logical decline,” analysts summarized.