Ukraine's Housing Market in January 2026: Secondary Market Prices Climb as Listings Shrink

Ukraine's Real Estate Market Shifts in January 2026

According to ХВИЛЯ: January 2026 brought notable shifts to Ukraine's housing market. The primary market saw significant construction activity, with 37 new buildings, comprising 76 sections, commissioned. The Kyiv region led this development with 27 new sections, followed by activity in western regions and Vinnytsia. While the average price per square meter in Kyiv is $1,418, the capital's prices actually decreased by 1.9%. Interest in the primary market grew by 9% in Ternopil Oblast but fell sharply by 40% in Volyn.

Secondary and Rental Market Conditions

The secondary housing market displayed an opposite trend. In Kyiv, the number of listings dropped by 20%, indicating a tightening supply. Concurrently, prices in the secondary market rose significantly:

• Prices increased by 6% in Dnipropetrovsk and Volyn Oblasts.
• Prices rose by 5% in Lviv and Ivano-Frankivsk Oblasts.

The average price for a one-bedroom apartment in Kyiv reached $87,000. For comparison, a one-bedroom in the prestigious Pechersk district starts at $180,000, while in the Desniansky district it begins at $49,000. In Zaporizhzhia Oblast, the average price for a similar apartment is $16,000.

The rental market also experienced changes. The average monthly rent for a one-bedroom apartment in Kyiv is 22,500 UAH, marking a 2% increase from the previous period. Renting in Kyiv's Pechersk district starts from 25,000 UAH. Meanwhile, the supply of rental properties in Sumy Oblast contracted by 33%. Demand for rentals grew in Zaporizhzhia Oblast by 20%, in Kherson Oblast by 15%, and in Kharkiv Oblast by 14%. These regional variations reflect the complex economic landscape following the war.

In summary, January 2026 was characterized by rising secondary market prices, a shrinking supply of existing homes, and active new construction, particularly around Kyiv.

The shifts in Ukraine's housing market point to underlying economic trends that could impact housing affordability for the population.

Anonymous Source

The combination of higher prices and fewer available properties on the secondary market may create pressure for those seeking affordable housing. Conversely, the activity in new construction suggests a potential recovery in the building sector, which could positively influence the broader economy. Given these current dynamics, monitoring future trends in Ukraine's housing sector remains crucial.