Khmelnytskyy real estate market: rents up 42%, new builds up nearly 23%

In Khmelnytskyy, a steady rise in housing prices continues — on the secondary market, in new construction, and in the long-term rental segment.

This is reported by RBC-Ukraine, citing data from LUN.

On the secondary market, one-bedroom apartments have seen the most notable price increase — their value rose 18% over the past year and now averages around €37,000. Experts note that stable demand for move-in-ready housing continues to fuel price growth in the region.

Housing affordability remains low: to save up for a one-bedroom apartment in Khmelnytskyy by setting aside an entire salary, it would take an average of 5.7 years; for a two-bedroom apartment — 8 years; for a three-bedroom — 9.5 years.

The primary market is also showing an upward trend. The median starting price from developers has been recorded at 38,000 hryvnias per square meter. Over the year, the price per square meter in new builds rose by 22.58% in hryvnia terms. Growth rates have stabilized somewhat over the past six months, but investor interest in the primary market remains high — particularly in the improved-layout and comfort-class segments.

The most notable changes have been recorded in the rental segment. Over the past six months, the average monthly rent for one-bedroom apartments rose by approximately 1,500 hryvnias, and for two-bedroom apartments — by 2,000 hryvnias. The rise in rents is driven by the overall economic situation, limited supply of quality options, and consistent demand from internally displaced persons and local residents seeking separate housing.

It was previously reported that apartment rental prices in Ivano-Frankivsk jumped by more than 40%. A LUN survey showed that the majority of potential buyers expect further property price increases in the city.

The outlet had previously written about strong interest in private homes across Ukraine as a whole. In some regions, prices rose by a third over the year: the most notable growth was recorded in Rivne Oblast — 36%, and in Chernivtsi and Odesa oblasts — 35%.