Wednesday, 13 August 2025 12:03 
📊 Residential Real Estate Market Analytics for the First Half of 2025
Analytical data on this topic was presented during the CBU Business Club, held on July 23, 2025.
🏙️Olena Unanyan, Development Director of LUN, spoke about the situation in the real estate market during the first half of 2025 and shared key trends, figures, and conclusions.
Despite martial law and the challenging economic situation, Ukraine’s residential real estate market is showing gradual recovery. Developers are launching new projects, and demand for square meters — both from buyers and tenants — remains steady.
In the first half of 2025, 104 new residential complexes were launched, almost matching the figure for the same period last year (105 complexes in 2024).
However, the geographical distribution of construction activity is changing:
🔹 Lviv surpassed Kyiv for the first time in the number of new residential complexes — 28% more new projects.
🔹 Kyiv and Kyiv region showed strong dynamics — +22% in new project launches.
🔻 In contrast, traditionally active regions such as Ivano-Frankivsk and Zakarpattia saw a slowdown.
📐 One of the most positive indicators is the increase in housing put into operation.
💬 “We see an increase in housing completions — in just the first quarter of 2025, almost 2 million m² were commissioned. This is more than in 2024,” noted Olena Unanyan.
This indicates the gradual completion of previously frozen projects and the restoration of confidence in the primary market.
💸 Prices for primary housing are rising
Prices for new builds in Ukraine continue to grow, though unevenly across regions:
🔹 Odesa is the leader in growth rates: +19% in six months.
🔹 Mykolaiv and Kyiv region — +8% each.
The price increase is explained by a combination of factors: higher construction material costs, hryvnia depreciation, infrastructure restoration, and stable demand for quality housing.
🏘️ An unexpected trend emerged in the secondary housing market — in some regions, secondary housing prices exceed primary housing prices by 10–15%. The most striking example is in Uzhhorod, where the difference reaches 46%.
💬 “The most expensive one-bedroom apartments on the secondary market are in Kyiv, Lviv, and Uzhhorod, where prices can reach $65,000,” emphasized Olena Unanyan.
This is due to high demand for move-in ready housing and limited supply in safe and attractive regions for living.
🏠 The rental market remains highly sensitive to internal migration driven by security factors. However, it has proven capable of adapting to new conditions.
📊 In the first half of 2025:
🔹 Kyiv — rents increased by +8%
🔹 Odesa — +15%
🔹 Lviv — almost unchanged
📍 The highest rents are in Kyiv and Uzhhorod: up to UAH 19,000/month for a one-bedroom apartment.
💬 “Against the backdrop of the full-scale invasion, Ukraine’s rental market has shown adaptability — today it requires new approaches and regulation,” stressed Ms. Unanyan.
🔎 Despite the challenges, Ukraine’s housing market continues to demonstrate resilience and adaptability. Projects are being revived, housing completions are increasing, developers are expanding the geography of construction, and the rental market calls for a new model of interaction.
🏗️ Housing is no longer just about square meters. It is part of the strategic process of rebuilding the country, creating a safe, affordable, and modern living environment for Ukrainians.
What else was discussed during the CBU Business Club:
🎥 Video recording of the first part (Ukrainian):
https://www.youtube.com/live/elRWrlPiTS0
Strategic business-partners of the CBU: East Office of Finnish Industries Oy, SKAKO Concrete A/S, NOCON NORWEGIAN CONSTRUCTION AS, VERONA SHELTERS GROUP OY
Information partners: ProfBuild, Build Portal, Property Times, RBC-Ukraine, Ukrainian Pohliad, Ukrainian National News, StroyObzor, NewsWeek, Marketer, Budynok.com.ua, Economist.com.ua, Founder
WE WILL WIN AND REBUILD EVERYTHING! 💪
TOGETHER TO VICTORY!
GLORY TO UKRAINE! 💙💛