The average price per square meter in new buildings in Kyiv in mid-2025 is $1,924/sq. m (equivalent to 80,100 UAH/sq. m), which is 1.2% lower than at the beginning of the year, according to the press service of the investment and development company City One Development. by the press service of the investment and development company City One Development.
According to the company’s experts, based on their own analytical database, the cost of new buildings fluctuated minimally in all segments. At the same time, most classes saw a slight increase: economy by 0.5% to $1,054/sq. m, comfort by 1% to $1,325, and premium by 2% to $4,498. Average prices for business-class properties fell by 0.4% over six months and now stand at $2,394 per square meter.
“The primary real estate market in Kyiv is indeed showing gradual price growth, driven by several key factors. First of all, this is the increase in construction costs caused by the rise in prices for materials, electricity, logistics, labor, etc. Real estate remains a reliable asset, especially in times of instability, which stimulates investment interest,” comments City One Development analyst Elena Shirina.
According to her, the traditional rise in prices during the construction stages also plays a role—the closer the property is to completion, the more expensive the apartments become. Inflation supports the trend toward rising housing prices, as real estate does not lose value during periods of general price increases.
According to the study, as of mid-2025, there were 143 residential complexes for sale, which is 25% less than at the beginning of the war. In the first half of 2025, sales started in several new residential complexes in Kyiv. New projects indicate restrained but positive dynamics in the market and attempts to form a long-term offer.
Developers are adapting their projects in response to new buyer expectations. A characteristic feature of the pricing policy for new residential complexes is the inverse relationship between price and floor level—the lower the floor, the higher the cost, which is the opposite of previous trends. Autonomy and security are important factors. More and more new buildings are equipped with backup power supplies (generators, inverters, solar panels). And 75% of new buildings provide shelters: underground parking lots, basements, specialized bomb shelters.
According to the company’s analytical database, almost half of developers in new projects offer housing for sale under the state programs “єОселя” and “єВідновлення.”
Overall, the primary real estate market in Kyiv in the first half of 2025 is showing stability, cautious developer optimism, and a gradual recovery of investor confidence. According to Shyrina, weak demand during the war is limiting active price growth, as many buyers are postponing their decisions to purchase real estate. This creates a balance between the growth in the value of high-quality properties and the restraint on pricing due to the population’s insufficient purchasing power.
In the spring, developers became more active: they began to raise prices and launch new projects, relying on optimism about the possible end of hostilities. However, the escalation on the front lines, shelling, and alarming news have again slowed this momentum, affecting consumer sentiment and their willingness to invest.
“After the end of the active phase of the war, a significant increase in the cost of housing in high-quality projects is expected. Investors who invest in reliable residential complexes now will receive the maximum increase in value in the future,” Shyrina explained.
City One Development is an investment and development company with over 15 years of experience. It specializes in the creation, implementation, and management of large-scale infrastructure residential complexes, as well as actively investing in the development of Ukrainian industry.
City One Development’s portfolio includes over 1.15 million square meters of completed projects and 600,000 square meters under construction.
The company’s residential projects in the capital include Novopecherski Lypky, Boulevard of Fountains, Svyatobor Park Resort, and The Light. Its industrial projects include two float glass factories within the City of Glass and Galicia industrial parks.
