RBC-Ukraine reports that this is evidenced by data from OLX Real Estate. This information is provided by Kontrakty.UA.
Which Regions Have Seen a Decrease in Apartment Prices
According to data collected in October, the apartment market has shown an overall price increase over the first nine months of 2024; however, the situation varies in different cities. For instance, in Dnipro and Zaporizhia, the prices for one-bedroom apartments in the secondary market fell by nearly 10%, while in new buildings, prices rose by 1% and 6%, respectively. In Kherson, prices in the secondary market decreased by 3%, while in new buildings, they dropped by 28%. Kharkiv also experienced a 3% decline in the secondary market, with a slight increase of 1% in the primary market.
In the Kyiv region, prices in the primary market decreased by 5%, while in the secondary market, they increased by 4%. In Odesa and Kropyvnytskyi, the cost of one-bedroom apartments in the secondary market remained at the January 2024 level, although new housing saw price increases of 2% and 6%, respectively.
Where Prices for One-Bedroom Apartments Are Rising
Despite some price declines, most regional centers in Ukraine, such as Vinnytsia, Cherkasy, Kyiv, Chernivtsi, Chernihiv, Khmelnytskyi, Ternopil, Sumy, Lviv, and Zhytomyr, have recorded increases in prices for one-bedroom apartments ranging from 2% to 9%.
The cities with the highest price growth since the beginning of the year include:
- Uzhhorod, where prices for one-bedroom apartments increased by 23%
- Lutsk, with a 19% rise in the primary market and 32% in the secondary market
- Rivne, where prices in the primary market rose by 19%, and in the secondary market by 24%
- Poltava, where one-bedroom apartments in new buildings became 12% more expensive, while in the secondary market, they increased by 9%
- Mykolaiv, with a 17% increase in new buildings and a 6% rise in the secondary housing market
The highest prices for purchasing one-bedroom apartments in 2024 are observed in Kyiv, Lviv, Uzhhorod, Chernivtsi, Dnipro, and as of September, Rivne has joined this list. The cost of a one-bedroom apartment in the primary market in these cities ranges from 2 to 2.7 million UAH, while secondary housing can cost from 1.3 to 2.7 million UAH.
The number of apartment sale listings has increased, particularly in Chernihiv, Kherson, Sumy, Uzhhorod, Kropyvnytskyi, and Ivano-Frankivsk. At the same time, the number of responses to apartment sale ads in the secondary market has risen in Kherson, Khmelnytskyi, Kharkiv, Uzhhorod, Poltava, Odesa, Kropyvnytskyi, Kyiv, and Vinnytsia.
Previously, RBC-Ukraine reported that demand for small one- and two-bedroom apartments in new buildings is rising, especially for closed complexes with shelters. Additionally, buyers are increasingly opting for housing located further away from critical infrastructure to mitigate risks associated with shelling. Many people also prefer apartments near metro stations, as this provides access to reliable shelters.
The most sought-after are apartments on the 3rd to 8th floors, the prices of which can be 3-4 thousand dollars higher. Due to the risks associated with falling rocket debris, Ukrainians have become less willing to purchase penthouses and apartments on the top floors.