Despite a sharp recovery in 2025 and an increase in indicators in the second quarter of 2026, the market of new residential construction remains significantly lower than the pre-war level.
According to the State Statistics Service, the total the area of new housing construction in 2025 was 5.8 million square meters. m, immediately increasing by 49.4% compared to 2024.
However, compared to 2021, when the figure reached 12.7 million square meters. m, the volume remained lower by approximately 54%, that is, more than twice.
In 2022, the area of new construction was 6.6 million square meters. m, in 2023 - 4.2 million square meters. m, in 2024 - 3.9 million square meters. m.
Thus, the minimum indicator for the considered period was recorded in 2024, after which the market began to noticeably recover in 2025.
In the second quarter of 2026, this process continued: the area of residential buildings declared before the start of construction increased by 6.1% year-on-year to 1.65 million square meters. m.
At the same time, the sustainability of recovery remains ambiguous. For the entire first half of the year, the area of new multi-apartment construction was 2.3% lower than last year, and the number of declared apartments decreased by 6%.
At the same time, the cost of construction continues to grow rapidly. In July 2026, construction prices were 23.7% higher than the level of July last year.
Prices for housing itself are also rising: in the second quarter of 2026, they increased by 19.6% year-on-year and by 3.8% compared to the first quarter.
Thus, the Ukrainian market is simultaneously faced with the recovery of construction activity, high inflation of construction costs and significantly lagging behind the volumes of supply typical for the period before a full-scale war.
