Lviv surpasses Kyiv in housing prices

Housing costs have surged across Ukraine’s western regions over the past year, with Lviv now ranking as the most expensive city for residential property, ahead of the capital, Kyiv.

Olena Unanian, head of the Department for Relations with Developers at LUN Real Estate Company, announced the figures during a briefing at the Media Center Ukraine.

“The top five cities by annual price growth in the primary housing market include Lutsk, where prices rose 8% per square meter; Ivano-Frankivsk, up 9%; Odesa, up 13%; Khmelnytskyi, also up 13%; and Ternopil, which saw the highest increase at 15%,” Unanian said.

Since the start of russia’s full-scale invasion, the sharpest price jumps have been recorded in Khmelnytskyi (38%), Chernihiv (40%), and Lviv (41%). Ivano-Frankivsk has seen the steepest rise, with prices increasing by 75% over that period.

Currently, Lviv holds the highest average housing prices in Ukraine, followed by Kyiv. Over the past year, the cost per square meter in the capital has remained unchanged. Lviv also tops the existing homes market, where one-bedroom apartments start at about 67,000 USD. In Kyiv, similar apartments are priced from 65,000 USD, while in Uzhhorod, the country’s westernmost major city, such units start around 63,000 USD.

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