Apartment prices in Kyiv have reached a peak: supply has sharply decreased.

Kyiv's real estate market: price hikes and buyer activity

In Kyiv's secondary housing market, there is a significant increase in prices and an activation of buyers, especially in the middle price segments. The decline in the number of listings for sale indicates high demand. This was reported by the channel 'Kyiv Real Estate' in its May 2025 review.

Price dynamics and market activity

According to the OLX platform, the number of active real estate listings in Kyiv has decreased by 14%, while the median price has increased by 15%. Analytics from the portal bomber.ua also confirms the rise in prices this year.

'Good one-bedroom apartments in good locations with good renovations have approached pre-war prices, closer to the COVID times,' says Dmytro Hura, host of the 'Kyiv Real Estate' channel.

The most active segment of the market is apartments priced between 50 to 150 thousand dollars. Particularly popular are properties valued at 40-70 thousand dollars, where buyers fear further price increases.

'People are calling, writing, bargaining on objects, saying: 'Can we come first? Please, do not show it to anyone else.' It’s just like in 2019-2021,' emphasizes Hura.

Buyer preferences

General statistical data shows that most buyers (44%) are considering properties priced up to 30 thousand dollars, 35% are interested in housing in the price range of 30-60 thousand, while 17% are ready to purchase real estate for 60-150 thousand dollars.

New buildings constructed after 2011 and properties from 2001-2010 are the most popular. Interest in the Soviet-era housing stock, particularly Khrushchyovkas, is noticeably declining.

Rental market situation

The rental market is also showing growth - the number of active listings is increasing, and the median price is rising. According to Dmytro Hura, this aligns with forecasts: last year rental prices increased by 30%, and since the beginning of this season - by another 5%.

Demographic factors and their impact on the market

According to a survey by the Kyiv City State Administration and the Rokada foundation, 87% of internally displaced persons intend to stay in Kyiv, which significantly impacts the real estate market.

'IDPs are the engine of trade, as they are both buyers and renters. For renters, there needs to be something to lease out, thus these apartments must be purchased, renovated, and rented out. IDPs create demand,' notes Hura.

The dynamics of marriages and divorces also affect demand. According to the BBC, the number of marriages in Ukraine is decreasing, while divorces are increasing.

Kyiv's master plan and construction conflicts

Kyiv Mayor Vitali Klitschko has begun developing a new general city plan. As of January 1, 2025, a ban on the allocation of land plots according to detailed territorial plans has been established.

'Previously, developers simply chose plots for construction without planning anything. Now this process is controlled, which will positively affect the city,' comments Hura.

Mortgage lending

The market is witnessing a 40% decrease in issued mortgages. It has been noted that this is related to potential underfunding of the preferential mortgage program due to financial constraints.

'There are rumors that this year the program will not be fully funded due to a budget deficit. This may lead to a reduction in the allocated funds and complicate mortgage accessibility for buyers,' explains Hura.

The Kyiv real estate market continues to adapt to economic and social realities, demonstrating stable price growth and demand, especially for one- and two-room apartments in new residential complexes.

From the analysis of the provided information, it can be concluded that the real estate market in Kyiv is in an active stage of price and demand increase. The decrease in the number of sales listings indicates attempts by buyers to close deals faster. Demographic factors, such as IDPs and changes in family structure, also influence market trends. Mortgage lending, which plays a significant role in housing accessibility for buyers, is also extremely important.