Transactions for purchasing housing on the secondary market in Ukraine are demonstrating price stability, despite the rising costs in listings. Actual deals do not confirm the trend of increasing prices that can be observed in sellers’ publications.
This is reported by Business • Media
“Although prices in housing sale listings have risen since the beginning of the year, actual transactions do not support this trend,” the National Bank’s report states.
Price Dynamics and the Impact of the Hryvnia Exchange Rate
One of the reasons for this situation is the strengthening of the hryvnia against the US dollar. Since real estate is traditionally valued in dollars, this factor has helped to curb price increases. As a result, the average cost per square meter of housing has mostly remained unchanged, and in some cities, particularly in Kyiv and Lviv, a decrease in prices is even observed.
The Situation on the Primary Market and Construction Volumes
On the primary housing market, prices also remain at previous levels, even in regions where demand for new builds is traditionally high. Experts note the absence of significant price increases in this category.
Last year, the area of housing put into operation increased by 33% compared to the previous period. These are mainly projects whose construction began before the full-scale invasion. However, the volume of new housing is still 15% lower than in the pre-crisis year of 2021. The completion of projects does not lead to a significant increase in supply on the primary market, as the number of residential complexes nearing completion is almost equal to the number of those where new sales are starting.
Additionally, the growth rate of housing purchase transactions has slowed down. At the end of last year and the beginning of 2025, only 8% more transactions were made than in the same period of the previous year.