In 2025, the Ukrainian real estate market is witnessing a significant increase in prices for secondary housing, particularly in the central and western regions of the country. At the same time, cities located near the front line in the southeast have become an exception — there, the average cost of housing has slightly decreased.
This is reported by Finway
Increase in the cost of secondary apartments
The most noticeable price increase has been observed for two-room apartments. Experts attribute this to the strengthening integration of internally displaced persons into new communities. For instance, in Ternopil, the average price of two-room apartments has risen by 23%, and in Chernivtsi, by 20%. Significant increases have also been recorded in Odesa and Chernihiv (+18%), Kharkiv (+13%), Kropyvnytskyi (+12%), Kyiv and Ivano-Frankivsk (+11%), and Uzhhorod (+10%). In other cities of Ukraine, prices for two-room apartments have increased by 3-9%, except for Dnipro and Zaporizhzhia, where a decrease has occurred — by 2% and 8%, respectively.
The capital maintains its leadership in price levels: in Kyiv, the average cost of a two-room apartment reaches $105,000, while a three-room apartment costs $150,000. Lviv remains in second place in terms of price indicators ($96,000 and $125,000 respectively), and Uzhhorod takes third place ($91,000 and $110,000).
Demand for new buildings and regional features
Regarding the primary market, in November 2025, there was an increase in demand for new apartments in certain regions of Ukraine. This is most noticeable in Ivano-Frankivsk (+23%), Volyn (+20%), and Lviv (+20%) regions. Meanwhile, in the southern and eastern regions, particularly in Mykolaiv (-20%) and Odesa (-15%), a decrease in interest in primary real estate has been recorded.
Prices for new buildings vary significantly depending on the region. The highest increase in the price per square meter is observed in Kyiv (+7.5%) and Lviv region (+4.9%). In November, the average cost per square meter in the capital was $1,427, which is the highest figure in the country. The most affordable new housing is offered in border regions — Sumy, Zaporizhzhia, Mykolaiv, and Chernihiv.
“The most significant price increase has affected two-room apartments, which may indicate the active integration of IDPs into new communities. Thus, the average cost of two-room apartments in Ternopil has increased by 23%, and by 20% in Chernivtsi.”