Lviv Real Estate Market 2025: Western Ukraine’s Property Boom in Residential, Commercial, Industrial & Land
By March 2025, Lviv’s primary market apartments averaged $1,330 per square meter, the highest in Ukraine, up 1.5% year-on-year and up 66% since March 2021. In the secondary market, the average asking price for a one-bedroom resale apartment in Lviv is about $65,000, slightly higher than Kyiv’s about $63,000. As of March 2025, average rents for a one-bedroom in Lviv are around ₴16,700 per month (~$403), up about 10% year on year, with two-bedroom units rising roughly 16%. Lviv’s gross residential yield was around 7.6% in early 2025, higher than many markets and the national average of about 7.4% (Kyiv’s