Ukraine’s real estate market in 2025 demonstrated steady price growth amid limited supply and sustained stable demand. The main drivers of price changes were the shortage of properties for sale and increased interest in housing in many regions of the country.
This is reported by Finway
Demand and Price Dynamics for Apartments
The demand for purchasing apartments in 2025 increased by 4%, while the number of listings decreased by 15%. This led to a 19% rise in the median price of apartments nationwide. The most significant price increases were recorded in the western and central regions, particularly in Uzhhorod, where apartment prices rose by 60% over the year.
Kyiv maintains its position as the leader in price levels: the median price of a one-bedroom apartment in the capital increased by 16%. In Lviv and Ivano-Frankivsk, there was also a substantial rise in housing prices. Meanwhile, in cities located near the front lines, such as Zaporizhzhia and Mykolaiv, real estate prices decreased.
Trends in the Private House Market
In 2025, the demand for purchasing private houses in the secondary market grew by 21%, while supply decreased by 2%. As a result, the average price of houses increased by 27%. Townhouses and duplexes became 5% more expensive.
The highest price growth for houses was recorded in Sumy (+25%) and Uzhhorod (+23%). The most expensive houses remain in Kyiv, Uzhhorod, Lviv, and Odesa. Price stability was observed in Ternopil and Zaporizhzhia, while declines were noted in Kherson (-22%), Dnipro and Mykolaiv (-8%), as well as in Vinnytsia (-5%).
Given the current economic and security situation, the real estate market is likely to maintain its current dynamics in 2026. Limited supply combined with rising demand will continue to exert pressure on prices.
In the secondary market, a shortage of properties may occur due to housing destruction and delayed decisions by owners regarding sales. Demand is likely not only to remain but also to continue growing, particularly affecting the prices of apartments with autonomous heating and residential complexes with backup power.
In 2026, analysts do not expect a decrease in prices in the primary market. Among the main factors influencing the situation are the limited number of new projects, rising construction material costs, and a shortage of labor.
Changes in buyer behavior have also become noticeable: due to increased risks, they are less likely to invest in housing at the foundation stage and are not willing to wait for construction completion as they did before the onset of full-scale war.