Odesa joins Lviv and Kyiv among Ukraine’s most expensive cities for new housing

By the end of 2025, Lviv remains the city with the highest prices for apartments in Ukraine’s primary real estate market, outpacing Kyiv for the second consecutive year, according to the final annual report by LUN.

In the capital, the cost per square meter rose 4% to UAH 55,300, while in Lviv it increased 6% to UAH 58,600.

For the first time since the start of the full-scale war, Odesa entered the top three most expensive cities for primary housing, with an average price of UAH 47,100. Its rapid growth (+19%) allowed it to overtake Uzhhorod, where the average square meter price remained unchanged at UAH 46,800.

Odesa and Khmelnytskyi recorded the highest price growth in new buildings in 2025, with average costs per square meter rising by 19% and 14%, respectively. Double-digit increases were also observed in Lutsk, Zhytomyr, and Ternopil (+12%), as well as Ivano-Frankivsk and Chernihiv (+10%).

Odesa also led in the number of completed apartments, with 6,740 units delivered in 2025 — 127% more than the previous year.

In total, over 41,000 new apartments were commissioned in Ukraine during the 12-month period covering Q1–Q3 2025 plus Q4 2024, according to LUN. Kyiv led the way with 12,850 newly completed units, nearly 20% more than the previous year.

Despite the challenges of martial law, competition among developers is intensifying. Most new residential projects are concentrated in Kyiv and Kyiv region, with 406 residential complexes and 355 cottage communities. Developers in the capital region account for 27% of active residential complexes and over 57% of active cottage communities. Lviv region ranks second, offering 265 residential complexes (18%) and 94 cottage communities (14%).

"This year, Kyiv and its region have seen an incredible surge in developer activity: the number of new projects in 2025 rose 70% compared to last year," emphasized Olena Unanyan, Head of Developer Relations at LUN.