Buying your own home remains an important but increasingly unattainable dream for many Ukrainians. Economic instability, inflation, and the constant rise in real estate prices make this process long and difficult.
To buy a one-room apartment, the average Ukrainian will have to save their entire salary for many years. Depending on the city, the situation looks like this:
- Kyiv – 19.5 years. The capital remains the most expensive city to buy real estate due to high demand and the cost per square meter.
- Lviv – 14 years old. The city's popularity is growing thanks to tourists and investors, which is pushing prices up.
- Odesa – 11.6 years. The port city attracts not only local residents, but also seasonal buyers, which affects the cost of housing.
- Dnipro – 9.8 years. An industrial center with more affordable real estate prices.
- Kharkiv – 7.2 years. The cheapest city among the largest regional centers, which makes apartments relatively affordable.
What affects housing affordability?
Real estate prices depend on many factors, including:
- the level of average wages in the region,
- demand for housing,
- infrastructure development,
- the general economic situation,
- investment attractiveness of the city.
Kyiv and Lviv traditionally hold the lead in terms of price per square meter, while housing in Kharkiv and Dnipro is relatively cheaper.
Despite all the difficulties, experts predict that apartment prices will continue to rise. This means that Ukrainians will have to save even longer for their own housing or look for alternative options, including mortgages or government support programs.
