Trend: house prices in Kiev fell by 6.09% y-o-y in 2018

Ukraine’s housing market continues to struggle, despite improved economic conditions. Secondary market apartment prices in Kiev fell by 6.09% (inflation-adjusted) during 2018, to an average price of US$ 1,049 per square metre (sq. m.) – compared to a y-o-y decline last year of 7.97% in 2017. House prices fell by 1.45% q-o-q in Q4 2018.

Analysis: house prices have been falling in the past five years, particularly in 2014 (with prices plunging 37.38%) because of hryvnia devaluation due to the Russian war. Currently, house prices are 75% (inflation-adjusted) below their September 2008 peak of US$3,627 per sq. m, according to S&V Development. 

Rents, rental yields: yields are high in Kiev at 9.09%

Kiev apartment costs are around €2,807 per sq. m. 

Ukraine: city centre apartment, buying price, monthly rent (120 sq. m)
  Buying price Rate per month Yield
Kiev $ 336,805 $ 2,550 9.09%

Recent news. Ukraine's economy grew by 3.4% in Q4 2018 from a year earlier, after expansions of 2.8% in Q3, 3.8% in Q2 and 3.1% in Q1 2018, according to the State Statistics Service of Ukraine. Economic growth is projected at a modest 2.5% this year, based on estimates from the National Bank of Ukraine.