The secondary housing market in Ukraine’s capital has recorded an uptick in prices, with experts forecasting continued growth in the coming months. While significant fluctuations are not anticipated, a gradual recovery in demand is expected to support moderate price increases.
According to a report by UNIAN, real estate agent Oleksandr Boyko noted that prices in the secondary market have risen by approximately 7% over the past six months. He predicts an additional increase of 3-5% in the national currency by the end of spring.
Boyko stated, “The primary market is unlikely to see price reductions due to rising production costs, although the pace of growth may slow if security conditions worsen.” He emphasized that rental prices have stabilized after corrections from summer peaks, with no drastic changes expected unless in the autonomous apartment segment, where demand consistently exceeds supply.
Vitaliy Poberesky, head of product development at DIM.RIA, echoed this sentiment, suggesting that both purchase and rental markets will experience price increases in the near term. He highlighted the gradual recovery in demand as a key factor driving this trend.
Poberesky indicated that prices in the primary market are likely to remain stable with minor fluctuations, while the secondary market may see gradual increases of several percentage points. He pointed out that the rental segment is expected to remain the most dynamic, with prices potentially rising further due to limited supply and active demand, particularly in major cities.
Overall, the market is transitioning into a phase of cautious recovery. While abrupt price surges are unlikely, a clear trend towards increased activity is anticipated.
Current Trends in the Ukrainian Housing Market
Research from DIM.RIA indicates that last month saw significant price variations across different regions, with some areas experiencing sharp increases while others saw declines. These fluctuations were observed in both new constructions and the secondary market.
Reports from late February suggested that rental prices for private houses in the Kyiv region could increase in the spring, while the purchase prices for such properties might even decrease.
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The Ukrainian housing market is experiencing a gradual price increase, particularly in the secondary market, driven by a recovery in demand. Experts predict continued stability and moderate growth in both purchase and rental segments as the market adjusts post-summer peaks.
Source: UNIAN