Lutsk's residential real estate market demonstrates steady price growth affecting both home purchases and rentals. According to analysts, over the past six months, apartments in the secondary market have risen in price by 7–11% in dollar terms, while the rental cost of one-bedroom apartments has increased by 43% over the year. These figures make Lutsk one of the cities where the housing issue remains most acute for the middle class, with the share of income spent on housing approaching critical levels.
Secondary Market: Three-bedroom apartments lead in price growth
In the secondary market, the most noticeable annual increase was recorded for three-bedroom apartments: their average cost reached 80,000 dollars, which is 14% higher than a year ago. Two-bedroom apartments rose in price by 13% and average 70,000 dollars. One-bedroom housing, by contrast, showed minimal annual growth of only 1% and is estimated at an average of 58,000 dollars. At the same time, over the past six months, the picture is somewhat different: one- and two-bedroom apartments added 11% in price, while three-bedroom ones added 7%. This indicates that in the short term, demand has shifted toward the more affordable space segment.
New Developments: Comfort-class is getting more expensive the fastest
An increase in the cost per square meter is also recorded in the new construction segment. In the comfort class, the price reached 43,600 hryvnias per square meter, which is 18% higher than last year's level. In the business class, the figure is 48,000 hryvnias per "square" (+8% per year). The difference in growth rates between segments indicates that the main driver of price increases in new buildings is precisely the mass comfort segment, which accounts for the largest volume of supply and demand.
Rent: 43% per year and 74% of salary for a one-bedroom apartment
The sharpest leap was recorded in the rental segment. One-bedroom apartments in Lutsk are rented for an average of 20,000 hryvnias per month — this is 43% more expensive than a year earlier. Two-bedroom apartments are rented at an average price of 16,000 hryvnias, which is 7% higher than last year's level. The tenant budget burden indicator remains high: on average, residents allocate 74% of their salary to pay for a one-bedroom apartment, and 59% for a two-bedroom one. For comparison, in international practice, a level of 30–40% is considered extremely comfortable, and exceeding 50% is classified as "unaffordable housing."
Context: Lutsk against the backdrop of Kyiv and Lviv
The dynamics in Lutsk contrast with the situation in the capital. In the autumn of 2026, a decrease in rental rates is recorded in certain segments in Kyiv: three-bedroom apartments dropped the most in price — by 9% per year. At the same time, the number of housing sales listings in Kyiv decreased by 4% over the year, while in Odesa their volume grew by almost a third. Meanwhile, Lviv, according to the latest data, surpassed Kyiv in apartment prices, and the price difference reaches 10,000 dollars. Thus, the growth in Lutsk is not an isolated phenomenon, but its rates in the rental segment — 43% per year — noticeably exceed the national average and indicate a local deficit of affordable supply.
What this means for residents
The combination of rising purchase prices and a sharp increase in rent creates double pressure on Lutsk households. Those considering a purchase face an increase in the cost per square meter in new buildings by 8–18% in hryvnias; those renting face an increase in payments by 7–43% depending on the type of housing. At the same time, the share of income eaten up by rent for one-bedroom housing already exceeds three-quarters of the average salary, making independent living economically unviable without family top-ups or subsidies. Under conditions where the secondary market continues to rise in price in dollars and new buildings follow suit, experts expect that without an influx of new supply or a change in demand structure, price correction in the next quarter is unlikely.
