The real estate market in Kryvyi Rih is undergoing a transformation. Demand for housing remains strong and is taking on new characteristics. Among its main drivers are internally displaced persons (IDPs) looking for ready-to-move-in apartments with renovations and furniture, as most do not have the resources to set up housing from scratch. Government support programs only reinforce this trend.
Displaced families are shaping a segment where supply is limited and competition is growing. This affects prices and property choices. Even those seeking to preserve capital by purchasing real estate for rental purposes now prefer turnkey solutions.
All these issues are discussed in an interview with Humanitarian Media Hub and Yevheniia Bohoslavska, Head of the Kryvyi Rih branch of the NGO “Union of Real Estate Professionals of Ukraine.”
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Kryvyi Rih is the longest city in Ukraine (over 126 km). Its population as of 2025 is estimated at approximately 580–600 thousand people. The city has more than 230–250 thousand apartments and about 40 thousand private houses. Most of the housing stock consists of Soviet-era apartment buildings.
The city stretches along the Inhulets River and iron ore quarries, resulting in a linear development pattern.
Ms. Yevheniia, are there any new buildings in Kryvyi Rih, or is the market made up only of secondary housing?
Practically, we only have a secondary housing market. Yes – in such a large city as Kryvyi Rih, there is still no place for new developments. So, in our conversation, we will talk only about the secondary housing market.
What is the situation with real estate sales in the city?
Buying and selling. The market is active. And that’s encouraging, even though it is currently driven by buyers. State programs, which have recently begun to receive stable funding, allow us to feel some dynamics. There is definitely demand for purchases, but it is mostly concentrated in a certain segment, where there is even a shortage of supply.
Which segment exactly? Who is buying property in Kryvyi Rih today?
First of all, these are buyers under state programs. People who have lost everything: from their homes to their belongings. They fled the war to safer regions, taking only valuables and personal items with them. So now they are looking for housing that is already equipped: with at least some renovation, furniture, and household appliances. They don’t have the funds to start from scratch, and most cannot afford additional financial burdens for improving new housing.
The second category of buyers are those who want to preserve their savings by investing in real estate. I’m not talking about investors (although they exist, but in the minority), but about those focused on preservation. Their logic is simple: “I have this amount, I don’t trust banks, investing elsewhere is risky, so I’ll buy an apartment and rent it out. Then we’ll see.” By the way, if in 2023 there was a big surge in buying 1-2 room apartments marked “for renovation” with plans to refurbish them for future rental, now buyers with the same goal prefer options that are “affordable” and already equipped. So again, we are talking about the same segment of the sales market as in the first case.
Which properties are in highest demand and in what price range?
Currently, the most sought-after properties in Kryvyi Rih are apartments priced between $20,000 and $33,000, in good condition, on low floors, and equipped with furniture and appliances. As for houses, demand for them remains steady, but here too, condition and equipment are key factors. Their price is up to $60,000.
Do people buy property in the more expensive segment? Yes. But not very often.
Market outlook?
There have been no clear trends in recent years: the market is more or less balanced. It’s impossible to predict where it will go, but one thing is certain – the real estate market in Kryvyi Rih is shaped by buyers.
And what about rental housing?
Private homes are in greatest demand in the rental segment. And in this category, there has been a clear shortage in recent years. The only reason a house might stay on the market without tenants is an unrealistic rental price.
As for apartment rentals, the principle of “reasonable price” is also very important. Based on figures, the most popular are 2-3 room apartments priced between 5,000 and 7,000 UAH per month.
Looking at demand and price dynamics, the market has been stable over the past year: without significant fluctuations.
Read also: How IDPs can receive financial assistance for housing