Over the past six months, the median starting price per square meter in the primary housing market has increased in most Ukrainian cities. According to data from the LUN analytical service published by RBC-Ukraine, the highest price growth was recorded in Cherkasy and Ternopil, while in a number of southern and eastern cities, new buildings have conversely dropped in price. The price gap between regions remains significant: ranging from $530 per square meter in Zaporizhzhia to $1,550 in Lviv.
Where New Buildings Rose in Price the Most
Among cities with sufficient data volume, the most noticeable increase in the median starting price per square meter was recorded in Vinnytsia and Kropyvnytskyi — in both cases, the figure grew by 8%. In Vinnytsia, a square meter in the primary market now costs $1,200, and in Kropyvnytskyi — $1,030. In Rivne, the increase was 7%, bringing the price to $1,120 per square meter. Thus, the trend toward rising primary housing prices continues and accelerates in the central and western regions of the country.
Anomaly in the South and East: Three Cities with Price Drops
At the same time, the median cost per square meter in the primary market decreased in three cities. In Kharkiv, the price dropped by 5%, falling to $620 per square meter. In Sumy, the decline was 3%, down to $570, and in Zaporizhzhia — 2%, down to $530. In Dnipro, the price remained unchanged over the half-year, holding at $1,100 per square meter. Experts attribute this dynamic to local oversupply and declining consumer demand in regions affected by hostilities.
Leaders in Cost: From Lviv to Zaporizhzhia
The highest median starting price per square meter among cities with a sufficient database was recorded in Lviv at $1,550. Kyiv takes second place with $1,440. The top 5 most expensive cities also include Uzhhorod ($1,220), Vinnytsia and Chernivtsi ($1,200 each), and Odesa ($1,190). At the opposite end of the scale are Zaporizhzhia ($530), Sumy ($570), and Kharkiv ($620), where the square meter in the primary market remains the most affordable in the country.
How Much the Cheapest Apartment Costs and Where There Are the Most
According to LUN, the median price of the cheapest apartment in the primary market is highest in Lviv at 3.3 million hryvnias. In Kyiv, this figure is 3.1 million hryvnias, and in Vinnytsia — 2.5 million hryvnias. The most affordable options are offered in Zaporizhzhia, where the median price of a minimal apartment is 1.1 million hryvnias. In Sumy and Mykolaiv, the figure is 1.2 million hryvnias each, and in Kharkiv — 1.3 million hryvnias. As for the volume of supply, the largest number of residential complexes with apartments for sale is in Kyiv with 168 objects. In Lviv, there are 148 such complexes, and in Odesa — 70. Over the past half-year, the supply of residential complexes grew in Uzhhorod by 16% (to 44 complexes), in Lutsk by 14% (to 16), and in Vinnytsia by 12% (to 29). Simultaneously, in Sumy, the number of complexes decreased by 17% (to 5), in Rivne by 16% (to 21), and in Zhytomyr by 14% (to 19).
Context: Secondary Market and Rent Are Also Rising
The trend toward rising housing prices is not limited to the primary market. According to available data, houses on the secondary market have risen in price over the year in almost all regions of Ukraine, with the largest price jump — 38% — recorded in Vinnytsia and Ternopil regions. In the rental market, dynamics also remain upward: in Kyiv region, the cost of renting houses has grown by 120% over three years. Currently, a suburban house is rented for an average of 99.1 thousand hryvnias per month, and similar objects in Kyiv itself cost 104 thousand hryvnias monthly. The combination of these factors points to a steady increase in the cost of housing services in the country, despite local corrections in certain regions.
