Kyiv’s elite real estate market is beginning to recover after a prolonged downturn.

Since 2022, elite properties in Ukraine have undergone significant changes. The severe downturn at the onset of the war resulted in stagnation for several years. However, last year marked the first signs of revitalization in the premium market, with renewed demand in Kyiv and Lviv. For the first time during the war, a Ukrainian developer has launched a new project in Kyiv’s premium segment – The One by the DIM group of companies.

“In a few months, we have sold nearly 30% of the project’s apartments. This shows that investors are present in the market, valuing exclusivity and seeking investment opportunities,” stated the developer.

Nevertheless, compared to the pre-war era, the market in Ukraine’s capital currently reflects a significant total demand reduction of between 86-88%. Concurrently, over the course of more than three years of war, prices in the secondary market for premium housing have plummeted by 30%. The primary market’s prices have already rebounded: prior to the war, they varied between $3,000 and $6,000 per square meter. Today, the cost of an elite square meter fluctuates between $2,500 and $4,000, depending on the location, number of floors, view from the windows, and building class. This year, a price increase of 7% to 12% is anticipated.