“Although prices in housing sale listings have increased since the beginning of the year, actual transactions do not confirm this trend,”
This is reported by Finway
The secondary real estate market in Ukraine is experiencing price stabilization. Despite the increase in housing prices in listings, actual transactions do not support the trend of growth. In Kyiv and Lviv, a decline in prices has even been recorded, indicating a predominantly stable situation in this market segment.
The Impact of the Hryvnia Exchange Rate and the Situation in the Primary Market
One of the key reasons for price stabilization is the strengthening of the hryvnia against the US dollar — housing prices are traditionally indicated in dollars. This has contributed to the price per square meter remaining mostly unchanged, and in some cases even decreasing, especially in large cities.
In the primary real estate market, prices also show a lack of growth dynamics. Even in regions with increased demand for new buildings, prices have remained stable. Experts note that this trend persists despite the growing demand for housing, which is driven by the overall economic situation in the country.
Changes in Housing Supply and the Number of Transactions
Over the past year, the area of residential properties put into operation has increased by 33%. However, most of these properties were started before the full-scale invasion. Even with this increase, the volume of new residential space is still 15% lower than in 2021 — the last pre-war period. At the same time, the completion of complexes does not lead to a significant increase in housing supply in the primary market, as the number of properties where sales have begun is almost equal to the number of those put into operation.
There is also a slowdown in the growth rate of housing purchase transactions. At the end of last year and the beginning of 2025, their number increased by only 8% compared to the same period of the previous year, indicating buyer caution and market stabilization.