The Real Estate Market in Frontline Cities in 2026: How Have Prices Changed in Dnipro, Kharkiv, Zaporizhzhia, and Kherson?

The real estate market in Ukraine’s frontline cities has undergone significant changes due to the war. Find out how prices have changed in Dnipro, Kharkiv, Zaporizhzhia, and Kherson, and what factors are influencing housing costs in 2026

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Over the past four years, Ukraine’s real estate market has undergone an unprecedented transformation. This is particularly evident in frontline cities—Dnipro, Kharkiv, Zaporizhzhia, and Kherson—where housing prices are now determined not only by economic factors but also by the security situation. This is discussed in an article by Finance.ua.

What was the real estate market like before the full-scale war?

At the beginning of 2022, the real estate market was showing steady growth. Frontline cities remained attractive for investment, and prices were gradually rising.

● Dnipro: new construction — about 30,000 UAH/m², secondary market — 25,000 UAH/m².

● Kharkiv: new construction — up to 28,000 UAH/m², secondary market — about 25,000 UAH/m².

● Zaporizhzhia: primary market — 20,000 UAH/sq. m, secondary market — 19,000 UAH/sq. m.

● Kherson: new construction — 20,140 UAH/sq. m, rent — approximately 4,800 UAH/month.

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How did the market adapt to the war in 2025?

In the third year of full-scale war, the market began to gradually recover. The main drivers were internal migration and the government’s “e-Recovery” compensation program.

In Dnipro, prices in the primary market exceeded 40,000 UAH/sq. m.—the city became a key business hub in the east. In Kharkiv, the market began to revive thanks to the return of residents, and prices in the secondary market reached 30,600 UAH/m².

At the same time, in Zaporizhzhia, stagnation set in after a brief uptick due to security risks. In Kherson, the situation remained critical—prices fell to $400–430 per m² in the secondary market.

Housing prices in frontline cities as of March 2026

As of 2026, the real estate market has effectively split. In some cities, prices continue to rise, while in others, the market has nearly stalled.

Dnipro retains its position as the region’s most expensive city:

● Median price of new construction — 48,975 UAH/m² (+63% compared to 2022)

● Average cost of a one-bedroom apartment — approximately $30,000

● Rent — approximately 12,000 UAH/month

Demand is driven by internally displaced persons and investors. The “e-Restoration” program plays a significant role, stimulating the market even amid the war.

Kharkiv shows one of the most dynamic indicators:

● Secondary market — 35,748 UAH/m² (+43% by 2022)

● Annual growth — +16.75%

Up to 70% of transactions are concluded under the state compensation program. The main buyers are local residents and displaced persons from the region.

In Zaporizhzhia, the situation remains challenging:

● Price drops — from 30% to 60% depending on the segment

● The primary market in foreign currency has declined by 5%

Demand is driven by local residents, and half of all transactions are conducted under the “e-Recovery” program.

In Kherson, there is no primary market, and the secondary market is stagnant:

● One-bedroom apartments — starting at $10,000

● Three-bedroom apartments — around $25,000

Due to constant shelling, investment activity is virtually nonexistent.

Price trends: a brief overview of 2022–2026

Primary market:

● Dnipro: +60–63%

● Kharkiv: +10–12%

● Zaporizhzhia: effectively stagnant

● Kherson: no market

Secondary market:

● Dnipro: +50–60%

● Kharkiv: +40–45%

● Zaporizhzhia: +10–15%

● Kherson: stagnation or decline

Today, the key factor in housing costs is not the economy, but safety. The cost of an apartment can vary significantly depending on the situation at a specific section of the front line. At the same time, the importance of protecting property is growing under such conditions. If you are buying a home or already own real estate, it is worth taking care of security in advance—on Visit Ukraine, you can quickly get express property insurance, which is especially relevant in conditions of heightened risks.

We remind you! Mortgages in Ukraine in 2026 remain affordable with rates up to 9% per annum. Read about how many loans banks have issued, where demand is highest, and what conditions are in effect in the real estate market.

Photo: Freepik

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