Prices Are Falling in Lukyanivka: How the Real Estate Market in Kyiv Has Changed

Russia’s ongoing attacks on the Lukyanivka neighborhood in Kyiv have affected not only the security situation but also the local real estate market.

According to market data, this particular neighborhood in the Shevchenkivskyi District has seen the most significant decline in housing prices over the past year compared to all other locations in the capital.

How Apartment Prices Have Changed

According to experts, housing prices in Lukyanivka have fallen by 22% in dollar terms over the past year. This significantly exceeds the overall trend in the Shevchenkivskyi district, where changes were less pronounced depending on the type of apartment.

LUN notes that Lukyanivka’s figures significantly influence the statistics for the entire district, driving a downward trend in average prices.

Demand for rentals has also declined

These changes have also affected the rental market. Rents for three-bedroom apartments have fallen the most—the average cost has dropped by 29.1% over the past year.

Experts attribute this trend to reduced demand for housing in the district, which is regularly subjected to rocket and drone attacks.

How much does housing cost in the Shevchenkivskyi District?

Despite the situation in Lukyanivka, the Shevchenkivskyi district remains one of the most expensive in the capital.

• The average price of apartments is:

• one-bedroom — about $95,000;

• two-room apartment — $135,000;

• three-room apartment — $210,000.

Rent in the district averages:

• one-bedroom apartment — 27,000 UAH per month;

• two-room apartment — 33,000 UAH;

• three-room apartment — 51,800 UAH.

This was reported by LUN analysts, as reported by RBC-Ukraine.

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