Housing market in Ukraine: What’s next for recovery?

10
Apr
2025
News Article reconstruction report residential Ukraine war in Ukraine

by Property Forum | Report

The Ukrainian housing sector continues to face significant challenges due to the ongoing conflict. However, the Government of Ukraine is actively implementing various initiatives to support citizens affected by the war. As of early April, over 100,000 homes have been restored, as announced by Oleksiy Kuleba, Vice Prime Minister for Recovery and Minister of Community and Territorial Development, during a meeting of the Ukrainian Donor Platform in Kyiv. The Ukrainian Real Estate Club has summarised the situation for Property Forum.


Recovery needs and funding

According to estimates from RDNA4, Ukraine's total recovery needs by the end of 2024 amount to $524 billion. For 2025, the requirement is $17.3 billion, with nearly $10 billion still unfunded. This highlights the ongoing need for substantial investment in the country's recovery efforts.

The state is transitioning from a model focused solely on private ownership to developing rental housing and implementing social housing mechanisms for internally displaced persons (IDPs). This shift not only provides housing but also stimulates construction, creates jobs, and revitalizes economic activity, as emphasized by Minister Kuleba.

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Latest news


New leases

  • RSM Poland, the audit, accounting, and consulting firm, will open a new office in GTC's Francuska Office Centre complex in Katowice. Brookfield Partners advised on the 800-square-meter lease.
  • Himalaya, the mountain, outdoor, and sports equipment and apparel brand, is set to open its first store outside the capital at RIVUS Cluj-Napoca, the mixed-use project developed by Iulius and Atterbury Europe.
  • Nardo Trading has signed a 3,000 sqm lease with Villar Logistic Parks at km 13, Bucharest. This lease is part of the first 20,000 sqm phase of the park that is already operational. The transaction was brokered by iO Partners.

New appointments

  • Former Taylor Wessing Counsel and Head of Real Estate Peter Malovec has joined CTP Slovakia as its new Head of Legal.
  • Matexi Polska is strengthening its management structure. Jesika Mackiewicz has joined the management boards of companies implementing residential projects in Warsaw. This manager, with over 10 years of experience in the real estate industry, will support Matexi Polska's continued growth in the capital market.
  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.


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