Declared housing prices in Ukraine remain largely unchanged compared to last year, according to the NBU’s financial stability report for December 2025.
According to the regulator, in Kyiv and Lviv, as well as in the southern, central, and eastern regions, housing on the primary and secondary markets has been offered at roughly the same prices as before over the past six months. At the same time, price dynamics were higher in some western regions, while some regions saw declines. The NBU attributes the lack of sustained price growth factors to a slow increase in the cost of construction amid subdued demand.
The report also notes that the ratio of housing prices to household income remains historically low and is estimated at 8.6x.
In the rental market, according to the NBU, prices are rising in most regions, while in Kyiv, after accelerating in the previous quarter, rents have adjusted downward.
