Decline in New Rental Apartments Observed Since 2020

• The rental market is experiencing the largest decline in new proposals since 2020.
• It is expected that prices for rentals will increase due to the shortage of new apartments.
• Demand for purchasing housing has also decreased, indicating a decline in market activity.

According to research by the Koroliv Institute of Certified Appraisers (Rics), the number of new rental apartments on the market has decreased at the fastest pace in the last five years. In July 2025, 31% of surveyed professionals reported a decline in new proposals from landlords, which is the highest indicator since April 2020.

Despite the stable demand from tenants, the number of new apartments available for rent remains low. It is expected that the value of rentals will increase over the next three months due to the shortage of new proposals on the market.

At the same time, demand for purchasing housing has also decreased: 6% of professionals reported a reduction in new inquiries in July, compared to the previous month.

Experts note that the real estate market is still affected by external factors, despite the decline in percentage rates. The uncertainty regarding the state budget for the upcoming year creates a tense atmosphere, which affects the sensitivity of the market to prices.

In addition, the new draft law on landlord rights, which will come into effect next year, may compel some landlords to sell their properties. These changes could lead to an even greater reduction in proposals on the rental market.

Tags: Economy