Apartments May Rise by Up to 30%: Which New Developments Will See the Biggest Price Growth

Apartment prices in Ukraine could increase by up to 30%, though the growth will not affect the entire market equally. The sharpest price increases are expected in new residential developments that are close to completion and have clear commissioning timelines.

According to market analysts, demand is increasingly concentrated on projects with a high level of readiness and minimal construction risks. This has created a shortage of reliable housing options, which in turn is driving prices upward.

Which properties will become more expensive
The highest growth potential is seen in residential complexes where construction is actively progressing and delays are unlikely. Buyers are prioritizing projects with transparent timelines and visible progress.

In contrast, developments with uncertain completion dates or suspended construction are seeing weaker demand. Prices in such projects tend to remain stable or grow at a significantly slower pace.

Renovation costs are surging
Another major factor influencing the market is the rising cost of renovations. Previously, finishing works accounted for roughly one-third of an apartment’s price. Today, that share can reach 50–70%.

This increase is driven by labor shortages, higher material costs, and ongoing challenges in the energy sector.

As a result, buyers are no longer focusing solely on the price per square meter. Instead, they evaluate the total cost of ownership, including renovation expenses and potential risks.

Price per square meter across Ukraine
Market data shows that the highest prices are recorded in western and central regions:

• Lviv — approximately UAH 62,300 per square meter;
• Kyiv — around UAH 57,800 per square meter;
• Odesa — about UAH 52,900 per square meter.

Meanwhile, the most affordable housing can be found in:

• Zaporizhzhia — from UAH 24,100 per square meter;
• Sumy — around UAH 26,000 per square meter;
• Mykolaiv — from UAH 30,300 per square meter.

Delays remain a key risk
One of the biggest challenges in the market is construction delays. On average, the commissioning of new buildings is postponed by 18 to 24 months.

This is largely due to the financing model of construction projects, which depends heavily on continuous inflow of new investments. For buyers, this means a significant risk: even fully paid apartments may not be delivered on time.

What this means for buyers
The Ukrainian real estate market is becoming increasingly selective. Demand is shifting toward reliable, near-completion projects, while riskier developments are losing investor interest.

Experts advise potential buyers to consider not only the initial price of an apartment but also construction timelines, developer reliability, and total renovation costs. These factors will ultimately determine the real price of housing in 2026.