The Ukrainian residential real estate market remains active even during wartime: the demand for apartments persists, and citizens continue to buy and sell housing. An important factor for those planning to invest in real estate is understanding seasonal price fluctuations and the impact of macroeconomic conditions on the market.
This is reported by Finway
Seasonal Characteristics of Housing Prices
Reviewing the price dynamics in the secondary apartment market, experts note a significant dependence on the season. In the fall, there is traditionally increased demand and buyer activity, leading to price rises. During this period, the number of listings also increases, but the growing interest from buyers encourages sellers to raise the price per square meter.
Conversely, in winter, the real estate market usually stagnates: many buyers postpone their moves until spring or summer, which reduces demand. This allows for finding more advantageous offers, as sellers, especially in cases of urgent sales, are more likely to make price concessions. However, price policies are also influenced by factors such as inflation rates, the dollar exchange rate, and the overall situation in the country. Experts advise those looking to save to refrain from buying during the autumn peak and consider options in winter.
It is worth noting that the highest demand is recorded for one-bedroom and two-bedroom apartments, while three-bedroom housing sells more slowly and may be priced lower.
Expert Advice and Forecasts for 2025-2026
Notary Natalia Manoylo believes that the key factor for investing in housing is not the season, but the macroeconomic situation in Ukraine. She emphasizes that buying real estate is advantageous during crisis periods, including during wartime, as prices usually rise after a downturn.
“Buying real estate is always beneficial during any crisis period, including during wartime, because after each crisis period, there comes a time of price growth,” explained Manoylo.
Realtor Oleksandr Boyko shared his forecast regarding housing prices in the largest cities of the country for 2025-2026. According to him, in Kyiv and Lviv, apartment prices will increase by 5-10% annually in dollar terms, especially in the business and premium segments. Meanwhile, in frontline regions, prices will remain stable or gradually decrease until the active phase of the war concludes.
Boyko emphasizes that only the launch of state programs for housing restoration or improvements in the security situation can drive growth in the local market and stimulate investment activity. He advises potential buyers to analyze their investments in detail: moderate price growth is expected in prestigious areas, while the budget segment may see a market recovery with long-term price increases on the horizon.