In 2025, the share of investment-driven demand in Ukraine’s primary residential market reached 25–30%, and during certain periods climbed to 45–55%, according to Ukrainian developers surveyed by Interfax-Ukraine.
Developers describe the key feature of the current year as the return of bulk investors and buyers for whom real estate has once again become a liquid capital preservation tool rather than an object of short-term speculation. Foreign buyers are also gradually returning to the market.
Olena Ryzhova, Commercial Director at Intergal-Bud, said that at early construction stages around 15% of transactions already have an investment character. According to her, buyers primarily view residential property as a reliable asset for safeguarding savings, rather than a vehicle for quick resale.
Oleksii Koval, Project Director at Perfect Group, noted that investment demand stabilized throughout 2024. On average, the share of investors stood at 25–30%, with lower levels in the first half of the year and an increase to 45–55% in October–December. He added that investor activity is most strongly influenced by mortgage and installment terms, expectations regarding rental yields, and overall macroeconomic uncertainty.
DIM also reported an increase in investment transactions, particularly from clients who had previously postponed purchasing decisions. The company additionally noted a rise in the share of buyers from abroad.
Developer RIEL stated that after an almost complete pause in 2022–2023, interest in bulk investment deals gradually returned in 2025. Although such purchases have not yet become widespread, their volume is already sufficient to indicate a recovery in investment activity. At the same time, the developer reports stronger demand for investment purchases in Kyiv than in Lviv, where sales dynamics remain broadly comparable.
According to Yuliia Belen, Head of Sales at Greenville in Lviv, the structure of investment demand has changed, with short-term strategies giving way to long-term approaches. Investors increasingly prefer liquid residential complexes with developed infrastructure, high-quality construction, and potential for capital appreciation.
The press service of the Kovalska Group also confirmed that rental-focused residential investments remain a popular capital return model. The company noted that prior to the full-scale war, the share of investment purchases reached 50%, whereas it has now declined to around 30%. At the same time, the developer highlights a high level of repeat investment from existing clients.
Developers also reported that investors are increasingly choosing smaller and most liquid formats—one- and two-bedroom apartments with floor areas of 37–66 sq m—as well as units with a high level of construction readiness. Interest is also growing in apartments that do not require significant renovation costs. In particular, Intergal-Bud expects the share of apartments sold with developer-finished interiors to increase from 30% to 40% by 2026.
