The year 2025 is already halfway through, and it is possible to assess the dynamics of housing prices of various types in the primary and secondary markets around Kyiv, by region. The main conclusion: prices are steadily growing, despite all the troubles in Ukraine and the uncertainty of the situation with the prospects of ending the war with Russia in the near future.
Actually, the trends are similar in both the capital itself and the region, here are some statistics from open sources.
Kyiv one-room apartments increased in price by +5% in the first quarter of 2025 alone.
Two-room apartments increased in price by +8% in the first six months of 2025.
The capital’s 3-room apartments increased in price by as much as +10% in the first half of the year, including by 6% in the first 3 months of the year, then the rate of price increase slowed down.
The average price per square meter of housing in Kyiv is $1930 (and was $1955 exactly two years ago). The secondary market is cheaper: $1280 per square meter now versus $1328 in 2023. As we can see, in dollar terms, little has changed in the market in two years, a slight drop, which is understandable and predictable during a long, exhausting war. But in hryvnias, due to hryvnia inflation, the difference is obvious: hryvnia prices are growing and no decline is expected.
Real estate market – 2025, prices around the capital of Ukraine
Let’s talk about the primary market, i.e. new buildings around the capital.
In January 2025, the largest number of residential properties among all other regions of Ukraine was put into operation in the Kyiv region, including Kyiv. In May 2025, the sales departments of cottage towns near Kyiv were also actively working, concluding purchase and sale agreements.
Expert realtors predict a further increase in prices by 5–15% in 2025, if the situation in Ukraine improves.
Even if it does not improve, the increase in prices will still occur due to inflation. After all, everyone can observe for themselves how rapidly the prices of both building materials and the cost of construction and finishing works are rising.
Currently, the average price of new buildings in the suburbs is about $1,000/m², although economy class can start at $800/m², and premium projects reach $1,500/m². Note that these are prices without interior decoration, because depending on the quality of the interior design, ready-made new turnkey housing adds significantly to the price: it can be more than $3,000 per square meter for a high-quality modern design with expensive finishing materials.
Private houses outside the boundaries of organized new development (i.e. just a house in a village or a town in the Kyiv region) vary more: individual lower-class houses can cost only $600 per square meter, while elite villas can reach $2,000/m².
Prices are influenced by the region, but popular cities such as Irpin, Brovary and Vyshneve tend to be concentrated around the $1,000/m² mark on average.
Who sets the tone in the real estate market in 2025
The greatest demand for housing in Ukraine in 2025 is observed in the Kyiv region. Cottage towns near Kyiv have a chance to continue to develop, build, settle, and expand: this is the type of housing that interests buyers the most, because here they receive the entire infrastructure from the complex for their use. As an example, you can view the Zoloche Vesuviy residential quarter to see the advantages of high-quality organized suburban residential development.
Private houses and land plots: what’s on the market in 2025?
According to data from GIS “Uvekon”, the average price for private houses in the country was about $729/m² (≈30,500 UAH/m²) at the beginning of 2025.
Kyiv region led the rating of growth in demand for private houses from 2024 to the first quarter of 2025. Due to the large number of people wishing to buy a house near Kyiv, prices for suburban private houses increased by 7–9% during the spring of 2025.
At the same time, prices in the Kyiv region remain 29% higher than in Lviv and 40% higher than in the more calm Ivano-Frankivsk.
The average price of a small new house (100 – 120 sq m) in the Kyiv region as of May-June 2025 reached 4.5 million hryvnias, which is approximately 10% higher than in April 2024 (data from OLX was taken for statistical calculations). This is the price of construction for interior decoration, of course.
Price per square meter in 2025
In the suburbs within ~30 km from Kyiv, housing prices range from 600 to 2000 USD/m². This applies to different types of housing, different classes, hence such a wide range of prices.
Typical house size. There are now over 500 cottage towns in Ukraine. Already during the full-scale war, about 300 new projects were launched, which is quite optimistic.
The most popular area of houses on the market now is 100–150 m², and plots with a yard are 200–500 m², this is the preferred choice of buyers. Huge estates and 1000 square meter plots are of little interest in Ukraine now, such scales are not a priority now. But such sales do happen.
At a price of 4.5 million hryvnias, a house with an area of 120 m² is approximately 37,500 hryvnias/m² (~910 US dollars/m²) without interior decoration.
Comparison of real estate prices in 2024 and 2025 in the Kyiv region
In 2024, many private housing markets in the outskirts of Kyiv recorded a 10% drop in prices compared to previous levels.
Average prices for cottages in 2024 were below 4.1 million hryvnias (10% lower than in May 2025, when they were ~4.5 million hryvnias).
Already in the first half of 2025, we observe a market recovery: by spring 2025, housing prices increased by 7–9% in just the first few months.
Overall growth from the 2024 low to May 2025: approximately +20% (–10% in 2024, +10% in spring 2025). This is the price dynamics. Now let’s try to predict what will happen to prices next.
Market Factors and Forecast
Key factors determining real estate prices, in addition to the market factor of supply and demand:
- Inflation of prices for materials/labor, ongoing security concerns related to the war, and supply constraints are pushing prices up.
- Spring 2025 springboard: mortgage programs, income growth, and increased buyer activity coincide with a strong construction momentum.
The overall outlook is as follows: a moderate but steady price increase is expected – approximately 6-12% in both the secondary and primary real estate markets of Kyiv and Kyiv region by the end of 2025 (if there is no significant deterioration in the security situation in the region).
The constant demand for new buildings, country houses, and land reflects both security concerns and the investment intentions of Ukrainians, who do not plan to leave the country, but want to build their future here.
Price change by segment in 2025:
- Secondary real estate (Kyiv) +5–10% High demand from buyers — €1500–1600/m²
- Primary real estate (Kyiv) +6–15% (forecast) €1350→1409/m², optimistic expectations of people.
- Private houses +1% on average (Kyiv region) High demand, although limited growth.
- Overall +6–12% in the Kyiv region is due to inflation and growing demand.
Key findings on the real estate market 2025
Market stability and resilience of Ukrainians: despite the ongoing war, the real estate market of the Kyiv region is stable, with clear annual growth in all segments.
Buyer sentiment is quite realistic: more people expect prices to increase than to fall.
Investment potential: new buildings and private houses in the regions close to Kyiv demonstrate high attractiveness for both home buyers and investors. Life goes on!
