Ukraine’s Real Estate Market: New Trends and Price Growth in 2025
The Ukrainian real estate market continues to undergo significant changes in 2025, reflecting new trends that mirror the current economic and social developments in the country.
According to LUN portal analytics, developers and buyers are adjusting their approaches.
The main novelty is that construction companies are increasingly focusing on smaller regional centers instead of large metropolises, due to more favorable business conditions and less bureaucratic hurdles.
At the same time, demand for housing at early construction stages is decreasing as investors become more risk-averse during initial project phases.Data from LUN indicates that the highest per-square-meter price growth in new buildings in 2025 occurs in Ternopil, Khmelnytskyi, Zhytomyr, Lutsk, and Rivne, with price increases ranging from 7% to 10%.
Overall, prices across Ukraine have stabilized, and the average cost per square meter remains relatively unchanged.
Experts attribute rising prices primarily to increased energy costs, which impact developers’ expenses, as well as infrastructural developments such as metro construction and transportation upgrades.Regarding pricing, the most affordable one-room apartments on the primary market can be found in Sumy, Mykolaiv, and Zaporizhzhia, ranging from 1 to 1.1 million UAH.
Conversely, the most expensive options are offered in Lviv, Kyiv, and Chernivtsi, totaling up to 2.5-2.4 million UAH.Market shifts are also evident in investor behavior, with a decreasing willingness to invest in early-stage construction.
Instead, capital flows from central and eastern Ukraine toward western regions, which drives further price increases there and sustains demand.Overall, Ukraine’s real estate market in 2025 demonstrates a complex but predictable picture: price growth in small towns, strategic shifts among developers and investors, and adaptation to new economic conditions across the country.