January 2026 Real Estate Trends: Kyiv Prices Drop as Frontline Region Rents Climb

Ukraine's Real Estate Market in January 2026: A Mixed Picture

According to ХВИЛЯ: Ukraine's property market showed divergent trends in January 2026, with prices fluctuating on primary and secondary markets and a notable surge in rental demand in frontline areas. According to data from the DIM.RIA marketplace, the energy situation, severely impacted by Russian Federation attacks and resulting power outages, significantly influenced real estate activity at the start of the year. The ongoing conflict continues to be the primary driver of these regional market disparities.

Housing Prices Show Regional Variance

In Kyiv, prices for new-build apartments fell by nearly 2% month-on-month, bringing the average price per square meter to $1,418. On the secondary market, one-bedroom apartments in the capital averaged $87,000, with prices ranging from $180,000 in the prestigious Pechersk district to $49,000 in the Desnianskyi district. The most affordable secondary market housing was found in Zaporizhzhia Oblast, with an average price of $16,000.

On the primary market, Rivne Oblast saw a price increase of 3.4%, while prices in Kharkiv Oblast decreased by 3%. Meanwhile, rental demand in frontline oblasts demonstrated strong positive momentum:

• Zaporizhzhia Oblast saw a 20% increase in demand
• Kherson Oblast - a 15% increase
• Kharkiv Oblast - a 14% increase

In Kyiv, the average rent for a one-bedroom apartment rose by 2% to 22,500 Ukrainian hryvnias (UAH). The cheapest average rental price was in Kharkiv Oblast, at 4,700 UAH per month.

Currently, 83% of real estate sales offices are operational across Ukraine. In January 2026, 37 new residential buildings were commissioned, with Kyiv Oblast leading in the number of new building sections. This activity indicates a market persistently adapting to challenging conditions, maintaining a diversity of prices and demand levels.

The Ukrainian real estate market in January 2026 reflects the impact of external factors, including military actions and energy issues, leading to price volatility and shifts in demand for different housing types. - DIM.RIA

The rising rents in frontline regions likely signal population displacement as people seek safer living conditions. This trend underscores the critical importance of monitoring market dynamics within the context of Ukraine's current socio-economic situation, where real estate data often serves as a proxy for broader humanitarian and security trends.