The Ukrainian real estate marketplace DIM.RIA and the Association of Realtors of Ukraine have released a joint study of the real estate market in the fall. It analyzed how the price of housing for sale and rent changed, as well as the amounts at which buyers and tenants ultimately concluded agreements with owners.
Primary market
Supply.
As of the end of November 2024, sales departments in 77% of new buildings were active. In the autumn period, 40 new buildings in 72 sections were commissioned in Ukraine: most of them in Kyiv region (excluding Kyiv) – 12 new buildings, 8 new buildings in Lviv region, and 5 in the capital.
Prices.
The average price per square meter in dollar terms increased in almost every region of Ukraine during the fall. Analysts noted the most rapid price growth in Rivne, Mykolaiv, Zakarpattia and Vinnytsia regions: +5-7% in dollar terms over three months. Kyiv remains the most expensive city on the primary market with an average price of $1,341 per m².
Demand
During the fall, DIM.RIA analysts noted a significant revival of interest in primary housing among users in the central and some western regions. The number of search queries related to new buildings increased the most in Cherkasy region (+15%) compared to the summer.
Secondary market
Price
In the fall of 2024, the price indicated by owners of one-room apartments in their sales offers increased in most regions. The most significant price increase occurred in Zakarpattia and Rivne regions (+19% each). Chernivtsi, Kyiv, Khmelnytsky, and Poltava regions maintained their prices for secondary housing at the level of the end of summer. The decline in prices occurred mainly in those regions close to the border with the aggressor country.
If we look at the capital in more detail, the most expensive in terms of prices in the offers on DIM.RIA are Pecherskyi ($132 thousand) and Shevchenkivskyi ($98 thousand) districts.
Among the average amounts of transactions concluded on the real estate market in November, Pecherskyi and Shevchenkivskyi districts will also be the most expensive. However, according to the Association of Real Estate Professionals of Ukraine, people buy there at lower prices: on average, one-bedroom apartments in Pechersk are sold for $98 thousand and $82 thousand in Shevchenkivskyi.
The average amount of a transaction for the sale and purchase of a one-room apartment in all districts of Kyiv is $69 thousand, and in the region – $64 thousand.
Interesse
Im September-November belebte sich in den meisten Regionen das Interesse der Nutzer an Zweitwohnungen, wobei der größte Anstieg der Suchanfragen in den Regionen Volyn und Chernivtsi zu verzeichnen war (+40% bzw. +39%). In der Hauptstadt war das Interesse am Kauf von Zweitwohnungen im Vergleich zum Sommer um 7 % geringer, in der Region Kiew um 3 % höher.
The number of user reviews traditionally exceeds the number of ads posted. In the capital, demand is more than twice as active as supply.
The rental market
Supply.
In the rental market, the number of housing offers for rent increased in most regions compared to August this year. The largest increase was recorded in Khmelnytsky, Odesa and Kharkiv regions.
Price
The most expensive location for renting an apartment remains Kyiv with an average price tag of UAH 17,918 for a one-bedroom apartment. During the fall, the average cost of a one-bedroom apartment in the capital decreased by almost UAH 300. The highest price increases were recorded in Chernivtsi (+32%) and Zakarpattia (+17%) regions.
Property owners in the capital can choose an apartment for different budgets depending on the district: from UAH 11.7 thousand in Desnianskyi district to UAH 22.3 thousand in Shevchenkivskyi district.
According to analytical data from the Association of Real Estate Professionals of Ukraine, in some districts, transactions are ultimately concluded for lower amounts. Thus, in November, the average price for a one-bedroom apartment in Desnianskyi district was UAH 10 thousand, in Sviatoshynskyi district – UAH 12 thousand, and in Dniprovskyi district – UAH 13 thousand.
Interest
The number of responses to rental offers in September-November in Kyiv was many times higher than the number of offers posted by owners on the marketplace. A similar situation continued to be observed in other regions of Ukraine.
