Fall of real estate prices in Poland
The fall of real estate prices in Poland will not affect the Ukrainian market, where there is a severe housing shortage due to the war. Experts predict further price increases in Ukraine. This is due to a number of factors, including:
- significant destruction of housing stock;
- shortage in the secondary market;
- crisis of new buildings.
As of February 2025, 95 million square meters of housing stock in Ukraine have been destroyed or damaged. According to estimates, the total damage to infrastructure in Ukraine has reached nearly 170 billion dollars, of which approximately 60 billion dollars accounts for the housing sector. Over 236 thousand residential buildings have been damaged, including 27 thousand apartment buildings and more than 200 thousand private dwellings. These factors significantly affect the supply volumes in the real estate market.
Trends in the real estate market in Ukraine
The number of listings for apartment sales in Ukraine decreased by 15% year-on-year as of November 2025, while the number of listings for house sales dropped by 2% over the same period. This indicates that the demand for housing remains high while the supply is shrinking. In 2025, the median price for housing in Ukraine increased by 19%. In some cities, such as Uzhhorod, housing prices rose by 60%, while in Kyiv, they increased by 16%.
Experts emphasize that the domestic real estate market operates under radically different rules. This is confirmed by the fact that despite falling prices in neighboring Poland, the Ukrainian market remains under pressure from a housing shortage. Key factors pushing prices up include:
- shortage in the secondary market;
- massive destruction;
- crisis of new buildings.
The rise in housing prices in Ukraine against the backdrop of falling prices in Poland highlights the peculiarities of the Ukrainian market, which still remains vulnerable due to the consequences of the war. In conditions of limited supply and high demand, the Ukrainian market is likely to continue demonstrating positive price dynamics, which may complicate housing affordability for many Ukrainians.