What will happen to the real estate market in Kyiv in 2025
Due to the unstable situation in Ukraine, it is difficult to make any predictions about the real estate market. Nevertheless, analyzing the data of previous years and current market dynamics, we can roughly understand what awaits investors and buyers of real estate in Kyiv in 2025. Let's take a closer look at what influences the market, how prices and demand for new and secondary housing may change, what types of apartments will be in demand, etc.
What factors will influence the real estate market
Most people understand that the main factors affecting the real estate market in Kyiv and other cities of Ukraine are martial law and the economic situation in the country. This also includes the geopolitical situation. The market is also actively influenced by the functioning of the government programs "eOselya" and "eRestoration" and the stability of their funding.
Real estate experts agree that the primary and secondary housing markets are completely dependent on the events at the front and the further course of the war. Given the ambiguous statements made by the new US president, this factor is now having a serious impact on the market.
Another important point is the solvency of the population. The more it falls due to rising prices, taxes, and inflation, the less Ukrainians will be able to buy their own housing.
Experts note that the market may also be affected by the stability of the energy sector. There are many high-rise buildings in Kyiv that do not have gas, only electricity. If there are constant power outages, the demand for apartments in buildings above 10 floors will fall.
The information background has a major impact on how buyers and sellers act. The calmer the news, the more people are willing to invest in real estate. First and foremost, this applies to those buyers who are purchasing housing as a profitable investment. At the same time, people looking for a home for personal use are more focused on other factors than news: the availability of government programs, market prices, offers, etc.
How real estate prices will change in 2025
Due to limited demand and economic uncertainty, it is likely that apartment prices in the secondary and primary markets will remain at the level of 2024. However, it is difficult to predict the cost of housing, as the beginning of this year showed that everything can change in a day. Given that the issue of the end of hostilities in Ukraine is being actively raised in the media, the situation on the real estate market may change significantly at any time.
If the situation in Ukraine stabilizes, prices for primary housing in Kyiv could rise by 5-15%. However, some experts say that apartments will rise in price even without positive news from the frontline, as inflation and rising prices for construction materials also affect the cost per square meter. In 2024, cement and metal went up by more than 50%. In addition, due to the shortage of personnel associated with mobilization, developers are forced to raise salaries, which also affects the final cost per square meter of housing in a new building.
Prices for apartments in the secondary market depend on internal migration, although they are often "pulled up" by prices for new housing. In Kyiv, secondary real estate can rise in price by 12% for one-bedroom apartments and 8% for 2-3-bedroom apartments.
If prices for properties in the capital do rise, it will be uneven, as the price formation is significantly influenced by demand, which also depends on the location of the property. This is what the situation on the real estate market in different districts of Kyiv may look like in 2025:
Darnytskyi district. This part of the capital has a lot of good comfort-class residential complexes, and the infrastructure is developing rapidly. Apartment prices here may grow by 3-5% in the first quarter of 2025, although the cost of housing in this area remains relatively low.
Sviatoshynskyi district. Here, apartments will rise in price by about 2-4% in the first months of the new year, but this mainly concerns offers near the metro.
Obolon district. Real estate prices in this part of Kyiv may grow by 4-6% in the first quarter. Buyers are most often interested in properties close to the metro, as well as near green areas and water bodies. At the same time, there are few such offers now.
Holosiivskyi district. There are many environmentally friendly areas in this district, which are popular among the capital's residents. In the first quarter of 2025, housing prices may rise by 5-6%. Experts note that the return of investors is more noticeable in Holosiivskyi district.
Pecherskyi district. Here, the increase will be insignificant, as there are many elite properties for sale in Pechersk, which are already in low demand. At the same time, some investors in this area are still actively looking at offers, hoping to buy an apartment at a bargain price and then make money on its resale.
Real estate prices in Kyiv may rise by much more than the expected 5-15%, but only if the war ends. If the fighting continues, even if prices rise, the buyer can count on a good discount from the seller.
The most popular real estate in Kyiv in 2025
When it comes to buying an apartment in the primary market, buyers will primarily be interested in properties from reliable developers who have already commissioned buildings during the full-scale invasion, i.e. have shown that they can complete construction even in unstable conditions. In addition, buyers of new buildings will focus on companies that can offer various payment options, such as a smaller down payment, longer installments, special terms, government home purchase programs, etc.
Real estate experts believe that buyers will be most interested in relatively small housing - 50-75 square meters. As before, one-bedroom apartments will remain the most popular.
It is worth noting that after the outbreak of the war, Kyiv residents began to prefer properties on the lower floors and gasified buildings. For many, the availability of a shelter nearby remains an important criterion.
Demand for primary and secondary housing: what will change
Demand for real estate in both the secondary and primary markets is likely to remain equally low. However, this cannot be said for certain, as it all depends on the situation at the front and the likelihood of the war ending. If the situation stabilizes in the first half of 2025, there is a high probability that demand for housing will increase significantly in the second half of the year.
As there is a certain shortage of supply in the secondary market, there is always demand for housing, albeit low. At the same time, this also affects the primary market: if a buyer does not find what he or she is interested in on the secondary market, he or she starts looking for offers in new buildings. Developers note that demand for renovated apartments in new buildings has increased. This may be due to the fact that such housing is bought by IDPs who cannot spend time on repairs and want to move in as quickly as possible.
Properties eligible for the eHouse program will continue to be in demand in the primary market. If the program continues to be steadily funded by the government in 2025, it will help support demand for new buildings. However, there are fewer and fewer of these buildings due to the program's restrictions on the years of construction and the slow pace of new building commissioning during the war.
Demand is also affected by rising apartment rental prices. Rental rates in 2024 have increased significantly, with secondary housing sellers and developers offering discounts, which may be a good opportunity for investors to invest in real estate for subsequent lease.
Is it worth buying real estate in Kyiv in 2025 or is it better to wait?
When deciding whether to buy an apartment in Kyiv in 2025, it is important to focus on personal circumstances. If we are talking about purchasing housing for IDPs who have savings and are in need of a place to live, most experts advise buying real estate. If you are considering properties for the purpose of investing your free funds, it is important to assess all the risks and choose your options carefully. Decisions should be made based on the current situation in the country. It may be worth looking at other regions.
Looking at the situation in general, buying real estate in Kyiv this year can be a profitable decision for several reasons:
rising prices - most experts predict an increase in apartment prices in the capital due to inflation, exchange rates, rising prices for construction materials, etc;
government programs - as long as there is funding for the "eOselya" and "eRestoration" programs, it makes sense for privileged categories to take advantage of these favorable conditions;
shortage of new homes - the number of new buildings is limited due to a slowdown in construction, which may lead to higher prices in the future;
demand for rent - renting apartments in the capital is becoming more expensive, demand is increasing due to population migration, which may be of interest to real estate investors;
inflation and hryvnia devaluation - if you want to preserve your capital, you should consider real estate, which remains one of the most reliable assets.
If you decide not to wait, but to buy an apartment in Kyiv this year, you should contact a specialist to help you choose the right property. Realtors of Mayak will help you find housing at the most favorable price, even if prices on the market are rising.
