33% more expensive: where in Ukraine housing prices have risen the fastest.

According to the report by the National Bank of Ukraine, the demand for new builds in Ukraine in 2024 was only 20% compared to the pre-war level, while the secondary market recovered by 70%.

The preferential mortgage program 'eOselya' did not significantly support the new build market, with only 4-5% of transactions in the primary market made using mortgage loans. At the same time, 67.1% of the 24 billion UAH in issued loans were used for the purchase of housing in the secondary market.

Despite low demand, prices for new builds have increased. In Kyiv, Odesa, and Dnipro, prices per square meter increased by 10-14%.

The highest price growth occurred in Kropyvnytskyi (+33%), Rivne (+24%), Ivano-Frankivsk, Chernivtsi, and Vinnytsia (21%).

Rent prices in Ukraine (image)

The rental market shows record figures. In Kyiv, the average search period for tenants has reduced to seven days compared to ten in 2023. For the first time in history, rental rates for one-room apartments in Lviv and Uzhhorod surpassed those in Kyiv.

The government intends to continue the 'eOselya' program in 2025, allocating another 20 billion UAH. According to 'Ukrfinzhytlo', it is planned to issue approximately 1 billion UAH in mortgage loans every month, with priority given to new builds.

We also remind you about the problems with apartment sales and fraud: how an attack on registries affected the real estate market.