Where housing prices rose the most in 2024, and which regions became cheaper: annual research of DIM.RIA
DIM.RIA, the Ukrainian real estate marketplace’s own analytical center, has published a study of the real estate market for 2024. We analyzed prices per square meter of housing in new buildings, changes in the cost of secondary housing, and the rental market.
Primary market
Supply.
From January to December 2024, 181 new buildings with 358 sections were commissioned in Ukraine. The largest number of completed projects was in the Kyiv region, excluding the city of Kyiv, and in the Lviv region. During the year, the number of operating sales departments in Ukraine increased from 75.4% at the end of 2023 to 77% as of the end of December 2024.
Prices
The average price per square meter in dollars is the most expensive in Kyiv – $1342, but it decreased by 4% over the year as of the end of the year. The second place in terms of the cost of new housing is occupied by Zakarpattia region with $1171 per m2 (+14% per year). The third place is occupied by Lviv region with $1090 (+3% over the year).
Among Kyiv districts, the Pecherskyi district has the highest price per square meter in a new building, with an average of $2695 (-0.7% per year). The cheapest housing is available in Desnianskyi district of the capital, at an average price of $909 per square meter (-4% per year).
Secondary market
Supply.
In the secondary housing market, the number of offers increased the most during the year in the western regions of Ukraine, as well as in Poltava, Chernihiv and Sumy regions.
Price
In 2024, prices for one-, two-, and three-bedroom apartments for sale by owner went up in most regions. Kyiv remains the most expensive location for buying secondary housing: on average, $79 thousand for a one-bedroom apartment, $115 thousand for a two-bedroom apartment, and $155 thousand for a three-bedroom apartment. Lviv region is the second most expensive, and the third place is shared by Zakarpattia and Volyn regions.
If we consider the capital in more detail, the Pecherskyi district remains the most expensive, and the lowest amount is indicated by homeowners in Desnianskyi district.
Rental market
Supply.
The number of offers on the Ukrainian rental market was mostly declining in 2024. The growth was recorded in Dnipropetrovska, Lvivska, Ivano-Frankivska and Volynska oblasts. In the rest of the western regions, there were fluctuations of up to 10% compared to December 2023. In the capital and Kyiv region, the number of offers decreased by 14% and 10%, respectively.
Price
Rental prices in Ukraine fluctuated significantly throughout the year. At the end of the year, the price increased in most regions, most of all in Chernivtsi, Ivano-Frankivsk, and Kyiv regions (30-36% in terms of one-bedroom apartments).
