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Lviv, Ukraine - real estate and population during the war

1. After a two-month break over the Russian invasion, more than 400 residential complexes have now resumed construction work in Ukraine. 65 of them are in Kyiv, 45 more — in Odesa. Construction has also been resumed in Dnipro, Poltava, Zaporizhzhia, Kremenchuk, Cherkasy, and Uman. In the western regions, 245 residential complexes are currently being built.

2. Population of Lviv tripled since the start of the war. More and more people from the east of Ukraine are fleeing to Lviv and to the other western cities too. It doesn’t matter how far the city of Lviv is located from the front line, every Lvivan is aware of the current battle events and has prepared himself for the worst even that far from the battle fields.

3. Rental prices are breaking records in Zakarpattia, Bukovyna, and Lviv region. Growing demand for rent is recorded in most regions of Ukraine. According to Flatfy, there is a rental boom in the secondary real estate market not only in the west, but also in the central and eastern regions.

4. Housing prices by regions:

  • Zakarpattia region — +225% increase compared to the pre-war period;

  • Chernivtsi region — rent increase +156%;

  • Ivano-Frankivsk region — increase +128%;

  • Lviv region — increase +96%;

  • Cherkasy region — increase +88%;

  • Zaporizhzhya region - increase +41%;

  • Dnipropetrovsk region — increase +34%.

5. Apartments for sale in new buildings in Lviv:

  • one-room apartments: area of 45-70 sqm: cost from EUR 39k to 107k

  • two-room apartments: area of 71-93 sqm: cost from EUR 57k to 158k

  • three-room apartments: area of 84-157 sqm: cost EUR 110k to 189k.

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