Industry analysts sum up 2023’s results from the Ukrainian real estate market.

With the end of winter blackouts, interest in buying apartments in 2023 is stable and at 70-80% of pre-war indicators. The prices of apartments on the secondary market in regions far from the front are increasing.

So, according to LUN data, the average prices for one-room apartments in Lviv increased in dollars by 12% to $58,500, in Uzhgorod by 7% to $51,600, in Cherkasy by 10% to $38,400, in Ivano-Frankivsk by 18% to $31,700, in Rivne by 8% to $37,200. On the contrary, apartments in the capital of Ukraine fell by 3% to $62,000, in Mykolaiv by 5% to $21,000, and in Sumy by 6% to $24,500.

Meanwhile, the cost of construction is increasing in the primary market due to the war’s consequences. Housing in new buildings has become more expensive throughout the country. Prices rose in the Khmelnitsky region by 22%, Ivano-Frankivsk by 18%, Volynsk by 17%. The Lviv and Kyiv regions did not grow as actively and showed a 2% drop in hryvnia terms.