Ukraine’s Real Estate 2025: War Reshapes Markets with Surging Rents, High Yields & Rebuilding Hopes
In late 2024, Ukraine’s new-build housing prices rose 15.72% year-on-year, about 3.3% after inflation. Resale prices increased 11.9% year-on-year, essentially flat in real terms. As of early 2025, western cities like Lviv at about $1,330 per square meter and Kyiv at about $1,280 per square meter lead new-build prices, while Kharkiv sits around $670 per square meter, down 10.7%. The rental market yields are high, with national gross yields around 7.4%, and Dnipro ~10.4%, Kyiv ~8.1%, Lviv ~7.6%, Odesa ~5.9%, and Kharkiv ~5.3%. Industrial/warehouse real estate has been a bright spot, with about 987,000 m² of new space commissioned in
