How Apartment Prices in Ukraine Have Changed Over the Last Four Years

Як за чотири роки змінились ціни на квартири в Україні?

Over the last four years, the secondary residential real estate market in Ukraine has undergone significant changes, reflected in the prices of one-bedroom apartments. The highest median price increase was recorded in Chernihiv, where the cost rose by 83%: from ₴662,000 in 2021 to ₴1.2 million in 2025. A significant price increase was also observed in Ternopil — by 82%, where the price rose from ₴907,000 to ₴1.65 million, and in Vinnytsia — by 73% (from ₴1.2 million to ₴1.9 million).

This is reported by Business • Media

Price Dynamics in Major Cities

In Kyiv, despite already high price levels, apartments have increased in price by 42%: from ₴2.1 million to ₴3.1 million. In Kharkiv, which is located near the front line, prices rose by 33% — from ₴650,000 to ₴871,000. Lviv maintains its status as one of the most expensive cities: here, the average price has risen by 25%, reaching ₴2.2 million from ₴1.8 million in 2021. In smaller regional centers, such as Sumy and Poltava, only slight increases were recorded — 5% and 7% respectively.

Cities with Price Decreases

At the same time, in cities located near combat zones, a decrease in housing prices is observed. In Kherson, the price fell by 16% (from ₴716,000 to ₴608,000), in Zaporizhzhia — by 13% (from ₴777,000 to ₴671,000). Mykolaiv and Dnipro also found themselves among the cities with negative dynamics: in Mykolaiv, the decrease was 6% (from ₴797,000 to ₴748,000), while in Dnipro it was 5% (from ₴1.1 million to ₴1.07 million).

“The largest increase in the median price for purchasing a one-bedroom apartment in the secondary market was recorded in Chernihiv at 83% (in hryvnia equivalent) – from ₴662,000 ($24,300 at the average exchange rate in 2021) in 2021 to ₴1.2 million ($28,843) this year.”

Thus, the last four years have brought significant unevenness in price dynamics in the housing market, depending on the region of the country and proximity to the front line.