Фото: picture-alliance/dpa/T. Schulze
Moldovan citizens are buying up property in Ukraine despite the ongoing conflict. They are attracted by favourable prices in a number of regions. Above all, Moldovans are buying homes in Odessa – it is close by (170 km from Chișinău) and has a seaside location.
There are no official statistics on the number of Moldovans who have bought property in Ukraine since the war began in February 2022. The Ministry of Justice in Kyiv does not collect such data, and some transactions are carried out through companies registered in Ukraine or through individuals with dual citizenship.
As for prices, the difference compared with the Republic of Moldova is not always significant. In October 2026, a square metre of a flat in Kyiv cost an average of 2,003 euros, whilst in Chișinău it cost 1,749 euros.
On Ukraine’s secondary property market, a one-bedroom flat cost around $72,000 in Lviv, $69,000 in Kyiv and $49,000 in Odesa.
It is possible to achieve a 100 per cent profit
The fall in property prices in the neighbouring country is entirely understandable. “People are leaving Kyiv en masse – some to the suburbs, others to other regions, primarily in the west. According to our estimates, up to 500,000 people have left the capital since the summer, and the exodus continues,” noted Andriy Romanov, head of the “KyivDomService” estate agency, as reported by minfin.com.ua.
The western regions of Ukraine are currently considered the most attractive, as they are perceived as being relatively safer. Cities such as Lviv, Uzhhorod and Chernivtsi are attracting investors interested in purchasing flats to let, hotels and tourist properties.
“Several groups of foreign investors have emerged at once. Some are looking to buy property in Ukraine — both residential and commercial. Others are eyeing the construction sector and the segment involved in restoring buildings damaged by enemy attacks,” says Andriy Romanov.
According to him, there are investors with budgets of $1–2 million, and they are already looking for property within this price range. “The calculation is purely commercial. They plan to generate a 25 per cent annual return on our square metres or sell the property for twice the price.”
An important point for citizens of the Republic of Moldova is that Ukrainian legislation provides for state compensation for destroyed or damaged housing only to owners who hold Ukrainian citizenship. Consequently, Moldovans without dual citizenship are not entitled to such payments.
This story was translated with the assistance of artificial intelligence.
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