When mentioning the word Ukraine, the first association is war. In reality, however, life goes on, and part of it is buying a home. Proof of this is the fact that in the first quarter of the current year, prices per square meter increased by 3.9%, and for the past 2024, the increase amounted to 11.2%. Properties on the primary market reported a growth of 15% over the past year, and those on the secondary market - 9%.
Kiev continues to be a leading market, despite the shelling. Studios are traded on average for 65,000 USD. “Clients, especially younger ones, are not afraid and are buying modern housing with good infrastructure and location“, says Olena Khaydamakha, president of the Association of Real Estate Specialists of Ukraine (AFNU).
What is observed in the local market is that in most cases, the purpose of the purchase is protection. What does this mean? People are buying housing in safer areas that remain empty and moving to them when there is shelling on their homes where they mainly live. “If it becomes dangerous, they have somewhere to take their families. Such a practice is already known in Ukraine as “housing insurance“,“ says Khaydamakha.
The market in Kharkiv also remains active, despite the constant attacks. The focus in the search is mainly on renovated apartments up to 50 sq m.
It can be safely said that Western Ukraine is experiencing a construction boom. For the period January-March 2025, over 28,000 new homes were put into operation, with Lviv leading the way, followed by Uzhgorod, Ternopil and Ivano-Frankivsk.
The eHousing program has a significant impact on the strong construction. Experts identify the fact that the tax assessment of the property is higher than the market value as a burden on the housing market. For example, a home purchased for 60,000 USD has a tax assessment of 80,000 USD.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found HERE