Business news from Ukraine

Business news from Ukraine

Average housing prices in Kyiv increased by 16% in primary market and by 7% in secondary market over year

11 November , 2024  

Average housing prices in Kyiv increased over the year from UAH 3.1 million to UAH 3.6 million (by 16.6%) in the primary market and from UAH 3.8 million to UAH 4.0 million (by 6.7%) in the secondary market, the OLX press service told Interfax-Ukraine. According to a study conducted in October 2024 among users of the OLX.Real Estate category, prices also increased in Odesa and Lviv, and decreased in Kharkiv.
In particular, in Odesa, prices for new buildings increased by 16% – from UAH 1.9 million to UAH 2.2 million, while in the secondary market average prices increased by 7% – from UAH 1.6 million to UAH 1.7 million. In Lviv, the primary market went up by 17.8%, from UAH 2.9 million to UAH 3.4 million, and the secondary market by 16.8%, from UAH 2.4 million to UAH 2.8 million.
In Kharkiv, average prices decreased from UAH 1.64 million to UAH 1.6 million in the primary market (-2.3%) and from UAH 1.09 million to UAH 1.03 million in the secondary market (-6%).
OLX also reported that in August-October 2024, Kyiv, Ivano-Frankivsk, Irpin, Odesa and Lviv were the leaders in the number of published ads for the sale of new buildings. In the secondary market, over the same period, the largest number of apartments were offered by sellers in Kyiv, Odesa, Kharkiv, Irpin and Dnipro.
As for potential buyers, they were most interested in ads on the primary market in Kyiv, Lviv, Odesa, Ivano-Frankivsk and Kharkiv; on the secondary market – in Kyiv, Odesa, Kharkiv, Lviv and Dnipro.
Overall, according to OLX statistics, Kyiv remains the city with the largest number of ads and responses to them. The top cities also include Kharkiv, Odesa, Dnipro, Ivano-Frankivsk, and Lviv. At the same time, Lviv has significantly fewer active ads than other large cities, but more responses from job seekers, which indicates an increased demand for real estate in this city. People are also actively selling and looking for apartments near Kyiv, as evidenced by the presence of Irpin in the ranking.