As Russia's full-scale war against Ukraine enters its fourth year, the scale of destruction to the country's residential stock remains staggering. The international community, led by the World Bank Group, the European Commission, the United Nations, and the Council of Europe Development Bank, has mobilised substantial grant and loan financing for Ukraine's recovery. A meaningful portion of these funds flows directly into state-run housing programmes, offering a rare, data-rich window into how international support translates into real outcomes for families on the ground. The URE Club (Ukrainian Real Estate Club) has produced a brief analysis of the main government programmes and their outcomes for Property Forum

The Russian full-scale invasion inflicted unprecedented damage on Ukraine’s housing stock. Hundreds of thousands of homes have been damaged or destroyed, and millions of Ukrainians have lost their permanent residences, becoming internally displaced persons (IDPs). As the war enters its fourth year, reconstruction of housing has become one of the most urgent priorities — not only socially but strategically, for stabilising communities, restoring livelihoods and enabling return. In response to this crisis, multiple stakeholders — international financial institutions, the Government of Ukraine, regional authorities, and private and civil society actors — have mobilised a diverse set of programs aimed at delivering housing solutions. These include large-scale investment initiatives, state compensation mechanisms, municipal developments, and innovative mixed models with private partners. Below is an overview of the main programs and projects shaping the housing recovery landscape in Ukraine in 2025–2026, prepared by URE Club for Property Forum.

After nearly four years of large-scale invasion, Ukraine faces growing challenges in its recovery, the URE Club writes in an article for Property Forum.. According to the updated Rapid Damage and Needs Assessment (RDNA-4) released in February 2025, the total needs for reconstruction and rehabilitation for the next ten years amount to $524 billion.

After almost two years of reconstruction, PSN is reopening the modernist Grand Palace in Pardubice to the public. The company has created a modern department store that combines history with today's urban life.

Ukraine’s retail and office real estate markets demonstrated stability and selective growth in the first half of 2025, adapting to wartime conditions and shifting consumer behaviour. The URE Club took a closer look at the changes that took place in H1 2025 in an article for Property Forum.

The Savarin project by Crestyl Development Group has received a valid zoning decision, enabling the reconstruction of the courtyard in the vicinity of Prague's Wenceslas Square.

Prague's first skyscraper, built in 1934 and known as the Trade Union House in Prague's Žižkov district, is set to receive a major renovation, reports seznamzpravy.cz. The dilapidated but listed building has been owned by the bathroom empire SIKO since 2018.

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.

The Society of Industrial and Office Realtors (SIOR) Foundation has awarded a $22,000 grant to the Kyiv School of Development (KSD). The funding will be used for the training of at least 100 reconstruction specialists to help rebuild Ukraine. 

The office and business centre Karlák Shopping Square (formerly Charles Square Center) owned by KGAL is getting a new face. The complete rebranding, architectural modifications and reconstruction of retail and office spaces, including a modernised logo are all included in the reconstruction plan.