If the beginning of autumn pleased developers and landlords with rising prices, then in November everything stopped again - blackouts finally finished off the real estate market. The fact that the heating was turned on much later than in previous years, plus blackouts for eight hours twice a day, in addition, political problems such as Minditchgate, surrender ultimatums - all this had a negative impact on real estate: sales stopped and rental prices went down.

Rent.

Today, the minimum rent in the amount of 7–10 thousand is in demand. UAH per month and less for apartments in front-line cities - Chernigov, Sumy, Kharkov, and now in Zaporozhye. IDPs are not ready to pay more because their incomes are minimal and the state practically does not help them.

Even in Kyiv you can find such prices today. Naturally, not in the first columns of advertisement sites and not in new buildings or the center of Kyiv, but they are, especially in houses of the “Soviet” housing stock, on the outskirts, without modern renovation and in not very convenient transport locations. They are available on free telegram channels and other free resources, but not with realtors.

However, the average rental price in Kyiv today is in the range of 15–20 thousand. UAH/month for an apartment, in the center - up to 25 thousand. Although among the advertisements you can see some exorbitant prices, these properties cannot find tenants for years, and repairs there are so expensive that for some it is more profitable not to rent them out at all.

It’s interesting that tenants today prefer to look for housing in new residential complexes because they want more comfort that a modern building can provide: if you’re going to pay money, it should be worth it. Therefore, prices in the old (“Soviet”) housing stock and prices in modern buildings have different directions: in the old ones they go down, while in the new ones they do not decrease. The historical center is an exception, but not always.

Of course, prices in the west of Ukraine differ significantly and upward, and Lviv and Lutsk attract the most investment in the country, because the relocation process continues. Just like it was during World War II: entire factories move with employees and their families. Accordingly, the rent here is already Kyiv - 20-25 thousand. UAH/month for an apartment. Even Ivano-Frankivsk is catching up to these prices, not to mention Uzhgorod or Mukachevo, where prices may be a little lower, but the potential for growth is significant.

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Who are the tenants?

Of course, the lion's share of renters are looking for the minimum rent because they are displaced. Oddly enough, a new category of foreigners from Turkey, Georgia, Azerbaijan and other Asian countries has appeared, new labor migrants are specialists in IT and logistics. There are students from India, China and other Asian countries, as well as from Africa and Latin America, who traditionally studied in Ukraine and improved their qualifications here.

Many people are looking for a rental if they have pets, but not everyone knows how to take care of the landlord’s property and is not always ready to compensate for the damage that is inevitable in the presence of animals, so very often they are refused. Even double deposit doesn't help.

There are families who get jobs in Kyiv, moving from large front-line cities, especially from Kharkov. They, of course, also belong to the category of internally displaced persons, but they do not receive support from the state, but get a job in the civil service with a good salary: today salaries in government agencies are much higher than in private structures.

Tenants, and more often buyers, in the west are families and workers who are relocating together with enterprises from the east. There are also non-poor people from front-line cities who can afford decent rent and work from home.

And people with low incomes mostly stay in their cities, some until the last opportunity, because they understand that the state will not help them, and it is almost impossible to find a job after a certain age.

And although the amount of free space in existing buildings is huge, no one thinks about how to put this space into circulation. We are talking about how to encourage home owners to rent it out or even sell it to the state for IDPs, so that people have a roof over their heads and can work normally and raise children.

On the other hand, refugees understand that politics in Europe can change dramatically (it is already changing. — L. ), and they will have to return, so a backup apartment in Ukraine is like the last frontier: there is something behind them.

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Purchase and sale.

The sale of apartments in the fourth quarter of 2025 practically stopped, although in the summer and early autumn the market was quite vigorous, and prices in Kyiv almost returned in dollar terms to the level of 2021. But with the advent of cold weather and an increase in drone and missile strikes, everything changed, despite the fact that the number of proposals is only growing.

The supply is increasing mainly due to those who went abroad and have already settled well there. And those who did not get settled and whose children did not fit into that environment have long since returned to their homes. Therefore, there are more and more apartments on the market, but there is no one to buy them, because IDPs have no money.

Today, apartments are in demand only in the most economical segment and/or due to the “eOselya” or “eVidrozhennya” programs, where apartments must be in buildings that were put into operation no more than ten years ago, and for some categories - even three years.

According to experts, these requirements are very stringent, because modern houses with increased comfort have been built in Ukraine since 2000. Therefore, this limitation has no logical explanation not only for the old building, but also for fairly new modern houses built after 2000, because they are already about 25 years old. Moreover, it is necessary to give the opportunity to buy apartments in any housing stock if someone wants to live there. Because today all this looks like an artificial and unnecessary restriction on the market, which hinders its development.

In other segments (improved economy, business or luxury) everything is frozen because sellers are not going to reduce prices, waiting for the situation to change. They won't sell for $500-$600. /kv. m apartment, the price of which was 3-4 thousand. Doll. /kv. m, because there are no buyers, but there is hope for the end of the war and the revival of the market.

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Of course, apartments, which are popularly called “hotel type”, with an area of \u200b\u200b18–20 sq. m., are in demand.. m at a price of 15–16 thousand. Doll. At least some housing, but your own, even in Borshchagovka or DVRZ. And this is in Kyiv, and in the Dnieper, Kharkov or Zaporozhye such a “hotel” can be bought even cheaper.

If previously in Kyiv a full-length apartment in a residential area could be purchased for 40–60 thousand. Doll. with an average price of 50 thousand. Doll. , but now they are offered at a price of 30–40 thousand. Doll. But there is no demand for them, since old or “Soviet” houses do not fall under government programs. Removing home age restrictions would revive this market.

There is also no demand for apartments in the center with designer renovations, which were traditionally rented to foreigners: realtors have not received a single call for such apartments for months. These apartments await foreigners willing to pay for additional comfort, but they will not appear until the end of the war..

Cost is always expectation and hope: expectation of rising prices, stability of life and hope for the best.

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