Housing Prices in Western Region Decline Amid Overall Growth

Despite a decrease in demand, housing prices in Ukraine continued to rise in June. The highest price growth was recorded in the western regions on the primary market, while the secondary market saw the most significant increases in Kirovohrad, Chernihiv, and Chernivtsi regions. Price declines on both primary and secondary markets were noted only in a few regions.

This is reported by Delo.ua, citing DIM.RIA.

New Construction Market: Decreased Demand, Rising Prices

Prices

In June, the cost per square meter in new constructions generally continued to rise, although the pace of increase remained moderate in most regions. The highest monthly growth was recorded in Cherkasy (+7.5%) and Chernivtsi (+6.4%) regions.

At the same time, prices decreased in several regions. The most significant drop in the average cost per square meter was observed in Zaporizhia (-6.3%) and Kirovohrad (-4.8%) regions.

On an annual basis, new constructions saw the most significant price increases in Ivano-Frankivsk (+20%) and Ternopil (+20%) regions. Significant price growth was also recorded in Chernivtsi (+17%) and Zhytomyr (+17%) regions.

Kyiv retains its status as the most expensive city for initial housing. In June, the average price per square meter in new constructions was $1379, which is 3.5% lower than in May.

The most expensive housing is traditionally offered in the Pechersk district, where the average cost per square meter reached $2697. The most affordable new constructions are in the Desnyansky district, with an average price of $879 per square meter.

Demand

In June, buyer interest in new constructions decreased in most regions of Ukraine. The largest drop in demand for the month was recorded in Kyiv -- down 21%. Significant reductions in activity were also observed in Chernihiv (-19%), Zaporizhia (-17%), Mykolaiv (-16%), and Kyiv (-15%) regions.

At the same time, some regions demonstrated positive dynamics. The most noticeable increase in demand was recorded in Cherkasy region -- up 9% compared to May.

Secondary Market: Demand Also Declines Amid Rising Prices

Supply

In June, the number of listings for housing on the secondary market varied by region. The largest increase in supply for the month was recorded in Volyn and Sumy regions -- both up 10%, as well as in Chernihiv region -- up 8%. At the same time, the number of available listings in Kyiv decreased by 11%.

Prices

According to DIM.RIA, in June, the cost of apartments on the secondary market generally increased. The highest price increase for the month was observed in Kirovohrad region -- up 19%, Chernihiv -- up 16%, and Chernivtsi -- up 11%.

Price declines were recorded only in Volyn region, where the average cost of housing decreased by 3%.

The most affordable remain one-bedroom apartments in Kherson region -- in June, their average price was $17,000, which is 10% more than in May. The most expensive market remains Kyiv: the average cost of a one-bedroom apartment in the capital was $89,800.

If we take a closer look at the situation in the capital, the most expensive district remains Pechersk. In June, the average cost of a one-bedroom apartment on the secondary market here was $180,000. The most affordable district was Desnyansky, where similar housing averaged $49,000.

Demand

In June, buyer interest in secondary housing in Ukraine continued to decline. The most significant drop in demand for the month was recorded in Zaporizhia region -- down 18%, Vinnytsia -- down 17%, and Chernivtsi -- down 13%.

At the same time, some regions demonstrated positive dynamics. The highest increase in demand was observed in Ternopil region -- up 15%. An increase in buyer activity was also recorded in Zhytomyr (+10%), Lviv (+7%), and Ivano-Frankivsk (+1%) regions.

Conclusion

The housing market in Ukraine remains heterogeneous: despite a decrease in buyer activity, apartment prices continue to rise in most regions. This indicates that sellers and developers are not yet ready to significantly adjust housing prices, even with weaker demand. At the same time, buyers are becoming more cautious and often postpone their purchasing decisions, which may affect the future dynamics of the market.

It is worth noting that depending on their profession and income level, Ukrainians can save money for their own housing from two to 25 years.

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