Housing in Kyiv is significantly cheaper than in EU capitals: price comparison in 2025

Housing prices in Kyiv remain significantly lower than in EU capitals and neighboring countries. Find out how much new construction will cost in Ukrainian and European cities in 2025 and why demand for real estate continues to grow

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The residential real estate market in 2025 shows a striking contrast between Ukraine and the countries of the European Union. Due to the war, economic pressure, and exchange rate fluctuations, the cost per square meter of new housing in Kyiv remains several times lower than in most EU capitals. At the same time, low prices generate stable interest among both Ukrainians and investors. This is reported by LUN, citing current data for 2024–2025.

How much does a square meter cost in EU capitals?

A comparison of the European market shows that the difference between Kyiv and leading EU capitals is 5–10 times. According to LUN, in 2024, prices for new housing in top European capitals were as follows:

● Luxembourg — $12,800 per m²

● Paris — $12,400

● London — $9,530

● Berlin — $8,300

● Copenhagen — $7,600

● Madrid — $6,900

● Rome — $4,400

All these cities show consistently high demand, which drives up prices and makes buying a home unaffordable for most local residents. Against this backdrop, Ukrainian real estate looks much more attractive in terms of price/quality ratio.

How much does a square meter cost in neighboring countries?

Housing prices in countries bordering Ukraine, although lower than in major EU capitals, are still higher than in Ukraine. For example:

● Warsaw — about $4,400 per m²

● Bratislava — about $4,500

● Bucharest — about $2,000

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The situation in Ukraine: Kyiv, Lviv, and frontline regions

In Ukraine, the average price per square meter of new housing remains the most affordable among European countries. According to data for October 2025:

● Kyiv — $1,300 per m²

● Lviv — $1,370

● Odesa and Uzhhorod — $1,090

● Rivne, Chernivtsi, Vinnytsia — $990

● Lutsk — $950

● Ivano-Frankivsk — $880

Prices are particularly lower in cities closer to the combat zone:

● Kharkiv — $670 per m²

● Zaporizhzhia — $570

● Sumy — $620

Against this backdrop, Dnipro ($1,070 per m²) stands out as a city with stable demand and an active market. LUN analysts even call it the “Ukrainian Ankara” — by analogy with the Turkish capital, where prices also remain at around $1,000 per square meter.

Why does Ukrainian real estate remain affordable?

Several factors influence the difference in cost:

● Economic conditions. Ukraine is in a state of full-scale war, so the market is developing under the influence of risks that are holding back sharp price increases.

● Demand structure. Hundreds of thousands of Ukrainians are temporarily living abroad, but demand for housing within the country remains high, especially in the western and central regions, where the level of security is higher.

● Construction pace. Despite the difficult conditions, developers continue to commission new buildings, which keeps prices competitive.

In such conditions, investing in Ukrainian real estate remains attractive, especially considering the prospect of the country's recovery.

Despite the market's accessibility, the risks remain high. That is why taking out express real estate insurance is a necessary step for any owner. On the Visit Ukraine platform, you can quickly take out insurance for your home online — this is especially convenient for those who are abroad or do not have time for bureaucracy. The policy is issued in a few minutes, and the document is immediately sent to your email.

We remind you! Ukrainians are gradually returning to buying homes, despite the war and economic instability. Read about which properties are the most popular, what budgets buyers are setting, and what influences the choice between new and secondary housing.

Photo: facebook Stolitsagroup

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