In 2025, the real estate market in Ukraine is showing a significant increase in prices for secondary housing, especially in the western and central regions of the country. At the same time, in cities located near the front line in the southeast, the average cost of apartments has slightly decreased.
This is reported by Business • Media
Price Dynamics in the Secondary Market
The most significant price increase is observed for two-room apartments, which is attributed to the active integration of internally displaced persons into new communities. For instance, the average price of two-room apartments in Ternopil has increased by 23%, in Chernivtsi by 20%. A considerable rise in value has also been recorded in Odesa and Chernihiv (+18%), Kharkiv (+13%), Kropyvnytskyi (+12%), Kyiv and Ivano-Frankivsk (+11%), as well as in Uzhhorod (+10%). In other cities, the increase in prices for two-room apartments ranged from 3% to 9%, except for Dnipro and Zaporizhzhia, where prices decreased by 2% and 8% respectively.
The capital of Ukraine maintains its leadership in the average cost of two- and three-room apartments: in Kyiv, prices reach $105,000 and $150,000 respectively. Lviv holds second place ($96,000 and $125,000), while Uzhhorod occupies the third position ($91,000 and $110,000).
Trends in the New Construction Market
Demand for primary housing in November 2025 has noticeably increased, especially in Ivano-Frankivsk (+23%), Volyn (+20%), and Lviv (+20%) regions. Meanwhile, in the southern and eastern regions, particularly in Mykolaiv (-20%) and Odesa (-15%) regions, a decrease in interest in new constructions has been recorded.
“The largest increase in the cost per square meter was recorded in Kyiv (+7.5%) and Lviv region (+4.9%). The capital continues to lead the price ranking: in November, the average price was $1,427 per square meter. The most affordable new constructions remain in the frontline regions – Sumy, Zaporizhzhia, Mykolaiv, and Chernihiv.”
Thus, the real estate market in Ukraine in 2025 demonstrates significant regional diversity: in many regions, housing prices continue to rise, and demand for new constructions is particularly high in the western regions.