The housing price index in Ukraine reached 112.7% by the end of 2024, compared to 114.5% in 2023 and 113% in 2022, according to the State Statistics Service (Gosstat).
As reported, prices for housing in the primary market increased by 15% by the end of 2024, accelerating growth compared to 2023, when the figure was 12.8%. Specifically, one-bedroom apartments rose by 14.9%, two-bedroom apartments by 15.3%, and three-bedroom apartments by 14.8%.
In contrast, the secondary market saw a slowdown in price increases. The average price increase for "secondary" housing was 11.6%, which is 4 percentage points lower than the figure for 2023. One-bedroom apartments in the secondary market increased by 11.5%, two-bedroom apartments by 11.9%, and three-bedroom apartments by 11.5%.
According to the agency, in the fourth quarter of 2024, the housing price index decreased to 113.1% compared to 116.1% in the fourth quarter of 2023. Notably, from October to December 2024, prices in the primary market grew by 15.8% compared to 14.6% in the same period of 2023, while the secondary market recorded a slowdown in price growth to 11.9% from 17%, respectively.