Housing prices in Ukraine after the war: why experts predict a sharp increase

The cost of housing in Ukraine is already rising and may increase significantly after the end of the war. Find out what is driving the price increase and how the real estate market is changing

Insure your apartment and property against damage, destruction, and theft in 5 minutes

INSURE

After the war ends, the Ukrainian real estate market may experience a significant jump in prices. This was stated by Tetyana Tsarelunga, a lawyer and director of the real estate company Harmony Real Estate, as reported by UNIAN. Already today, construction prices are rising systematically, while investment activity remains subdued due to the war. However, once the country recovers, the situation may change dramatically.

Below is an analysis of the key factors already affecting the market and experts' forecasts for the future cost per square meter.

Why could housing prices skyrocket after the war ends?

According to Tetiana Tsarelunga, one of the main reasons for future price increases is deferred demand. Today, many Ukrainians are not ready to invest in real estate due to risks and uncertainty. Investors are also working under limited conditions and are mostly refraining from actively financing new projects.

Once the situation stabilizes, a large-scale return of interest in construction is expected:

● investment in residential complexes will increase;

● developers will begin to actively expand construction;

● demand for apartments, especially in large cities and safe regions, will rise sharply.

In this case, the market will enter a new phase — when the number of buyers will be significantly greater than the number of finished or new properties. This will inevitably push prices up.

Another important factor in the rise in prices is the cost of building materials. According to the expert, the cost of materials has increased significantly since the start of the war, and the trend continues. The following are becoming more expensive:

● concrete, bricks, and other basic materials;

● metal structures and reinforcement;

● logistics and imported supplies;

● energy resources, which form the cost of production.

At the same time, labor costs are also rising. There is a shortage of skilled workers in the construction industry, which is driving up wages.

“That is why the cost of housing will increase significantly,” Tsarelunga emphasized.

Don't want to miss important updates and useful articles? Subscribe to our weekly newsletter!

Housing price dynamics during the war: no decline observed

Although many Ukrainians expected real estate to become cheaper during the war, the data suggests otherwise. After a brief collapse at the beginning of the full-scale invasion, caused by panic and market stagnation, prices began to stabilize.

According to the expert:

● the real drop in prices was only in the first months of the war;

● once the market adapted, the cost per square meter began to gradually increase;

● every month there is an increase, albeit insignificant;

● there is no sustained decline at this time.

Buyers no longer make decisions solely under the influence of fear. Their motivation is now shaped by security, personal needs, and income stability. Six months after the start of hostilities, the market returned to its predicted behavior, with prices moving exclusively upward.

What Ukrainians can expect after victory: expert forecast

The expert believes that after the end of the war, the country will experience a large-scale wave of recovery, which will drive up housing prices. Among the reasons:

● increased demand from both citizens and foreign investors;

● a decline in supply due to damage or destruction of part of the housing stock;

● increased costs for developers;

● infrastructure restoration and urban development.

As a result, prices may increase several times compared to pre-war levels.

How to protect your property now

Even during a full-scale war, many Ukrainians continue to buy housing — either as an investment or for their own families. In such a situation, it is important not only to find a reliable developer, but also to take care of protecting your property from risks. That is why express real estate insurance, which can be arranged online at Visit Ukraine, is gaining popularity. It is a quick way to protect your apartment or house from:

● fire and flooding;

● natural disasters;

● damage caused by military action;

● other unforeseen situations.

The process takes a few minutes and does not require an inspection of the property — convenient for both owners of new buildings and those investing in the secondary market.

We remind you! Housing and rental prices in Ukrainian cities vary significantly. Read about where buying an apartment pays off in 9–12 years, and where renting remains more profitable.

Photo: Shutterstock

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.

We recommend purchasing it for a safe and comfortable trip to Ukraine: 

Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;

Visit Ukraine Car Insurance – car insurance with extended coverage in Ukraine;

Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;

Visit Ukraine Tickets – bus and train tickets to/from Ukraine;

Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;

Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.

© 2018-2025, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.