Ukrainian real estate market in 2025: shortage of supply pushes prices up, autonomy becomes a key value
23 December 21:02
In 2025, the Ukrainian real estate market continued to adapt to the conditions of war, energy risks and limited supply. OLX Real Estate data shows that demand in a number of segments grew, while the number of offers decreased, which almost everywhere translated into higher prices, "Komersant Ukrainian" reports.
At the same time, the geography of growth remained uneven, with a clear division between relatively safe regions and frontline cities.
Buying an apartment: the west and the center are getting more expensive, frontline cities are an exception
Demand for apartment purchases increased by 4% over the year, but supply dropped by 15%. As a result, the median price across the country jumped by 19%. Kyiv and large western cities such as Lviv, Ivano-Frankivsk, and Uzhhorod remain the most expensive. It was Uzhhorod that became the record holder in terms of growth rates – plus 60% over the year.
Despite the competition from the western regions, Kyiv retained its leadership in terms of prices: the median price of a one-bedroom apartment in the capital increased by 16%. At the same time, price declines or stagnation were recorded only in cities near the frontline, particularly in Zaporizhzhia and Mykolaiv, which underscores the direct impact of the security factor.
Houses: demand for autonomy
The segment of private houses grew faster than apartments in 2025. Demand in the secondary market jumped by 21%, while supply remained almost unchanged. This led to a 27% increase in the price of houses on average. Townhouses and duplexes grew much more slowly – by 5%.
Prices rose the most in Sumy and Uzhhorod, but Kyiv, Uzhhorod, Lviv, and Odesa remain the most expensive. At the same time, prices fell in the southern and southeastern regions, most notably in Kherson. These dynamics reflect the changing demands of buyers: autonomy and security are increasingly outweighing the prestige factor or proximity to the city center.
Long-term rental apartments: less activity means higher prices
In the long-term rental segment, both demand and supply decreased by 3%, but this did not stop the price increase. The median rental price across the country increased by 8%, with three-bedroom apartments rising the most – by 21%.
For one-bedroom apartments, the largest growth was recorded in Odesa and Kharkiv, while in a number of cities prices actually “froze” at the level of 2024. Uzhhorod also remains the leader in terms of absolute rental prices.
House rental: record demand
Long-term rental has become one of the most dynamic segments. Demand grew by 19%, the number of ads decreased by 11%, and the average number of responses per ad reached 12. This led to a 13% increase in the median rental price.
The highest price was recorded in Uzhhorod, which was ahead of even Kyiv. At the same time, it was the capital that showed the largest annual price increase – plus 68%, which indicates an acute shortage of houses suitable for independent living (43%).
Commercial real estate: a decline in activity, but not in prices
Unlike the residential segment, commercial real estate experienced a decline in activity in 2025. The number of rental ads and responses decreased, but the median price increased by 25%. Offices rose in price the most, while rents for catering establishments fell.
Supply and demand for commercial real estate also declined, but prices continued to rise, primarily in the segment of cafes and restaurants.
Commercial real estate: a decline in activity but not in prices
Unlike the residential segment, commercial real estate experienced a decline in activity in 2025.
The number of rental ads and responses decreased, but the median price increased by 25%. Offices rose in price the most, while rents for catering establishments fell.
In the purchase of commercial real estate, supply and demand also declined, but prices continued to rise, primarily in the segment of cafes and restaurants.
