Rising prices for one-room apartments in 2024: where to look for bargains

The real estate market of Ukraine in 2024 shows a noticeable increase in prices, in particular in the segment of one-room apartments. This home, which is in the highest demand for both purchase and rent, is an important indicator of general trends in the real estate market. The beginning of the year was marked by a general increase in the cost of such apartments throughout the country, although a decrease in prices was also recorded in some regions.

According to OLX Real Estate research, during the first nine months of 2024, most regions of Ukraine faced an increase in the cost of one-room apartments in both the primary and secondary markets. At the same time, there are several cities where price dynamics differ from the general Ukrainian trend.

In such cities as Dnipro and Zaporizhzhia, prices for one-room apartments on the secondary market decreased by almost 10%. On the other hand, new housing in these cities rose in price: by 1% in Dnipro and by 6% in Zaporizhzhia. A similar situation is observed in Kherson, where second-hand apartments fell in price by 3%, while new buildings experienced a significant price reduction of up to 28%.

Kharkiv also shows mixed dynamics: apartments on the secondary market fell in price by 3%, while the primary market showed a slight increase of 1%. Kyiv region was also marked by interesting changes: on the primary market, prices fell by 5%, while on the secondary market, they rose by 4%.

As for Odesa and Kropyvnytskyi, the situation is more stable here. The cost of one-room apartments on the secondary market remained at the level of January 2024, but prices for new housing in these cities increased by 2% and 6%, respectively.

A slight but stable increase in prices is observed in most regional centers of Ukraine. In such cities as Vinnytsia, Cherkasy, Kyiv, Chernivtsi, Chernihiv, Khmelnytskyi, Ternopil, Sumy, Lviv and Zhytomyr, prices for one-room apartments on the primary and secondary markets increased by 2-9%.

In general, despite some regional deviations, the tendency to increase housing prices remains relevant for most cities of Ukraine.