The primary real estate market in Ukraine is showing clear signs of recovery. According to the results of the first quarter of 2025, nearly 28,500 new apartments were put into operation in the country, which is 3,000 more compared to the same period last year. Analysts predict that by summer, prices for new constructions may rise by 10–15%, especially in large cities where demand continues to grow.
This is reported by Finway
Activity in the Regions and Construction Dynamics
According to statistics from the State Statistics Service, from January to March 2025, 28,432 new apartments were built and put into operation in Ukraine, which is 12% higher than the figure for the first quarter of 2024. A significant portion of this volume—about one third—consists of private houses.
The fastest growth rates are demonstrated by the Kyiv region (excluding the capital), where 5,472 housing units were completed, including 2,033 private houses and 3,439 apartments and townhouses. Kyiv itself ranked second with 4,076 new apartments, while the Odesa region showed a twofold increase in the volume of new housing compared to last year—3,488 apartments.
Housing Prices and Pricing Policy Features
According to analysts, the increase in volumes is accompanied by a rise in the cost per square meter. The most expensive new constructions remain in Lviv ($1,380 per square meter), Kyiv ($1,260), as well as in Uzhhorod and Odesa (both at $1,130). Real estate in Odesa has notably increased in price—up 19% in just the last six months.
At the same time, prices remain most affordable in frontline cities: in Zaporizhzhia, the cost per square meter is $610, in Sumy—$620, and in Kharkiv—$670. The price decrease in these cities is explained by heightened security risks and proximity to the front line, which affect investment attractiveness.
“The market shows signs of activation, as trust in investing in housing is being restored, and demand is increasing, particularly due to the state program eOselya. According to Alexander Nasikovsky, managing partner of the DIM group, in 2025, we should expect an increase in the cost per square meter by 10-15% depending on the class of housing.”
Some developers are currently refraining from rapid price increases, believing that the market is not yet ready for a new price jump. They plan to review their pricing policy only after demand strengthens further.