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

In 2025, Ukraine's warehouse real estate market showed record figures in terms of new space commissioning and fully recovered to its pre-war level. Despite the war, the industry remains the most stable segment of commercial real estate, although experts disagree on the prospects for further development. The URE Club, together with industry experts, investigated what happened in the warehouse market during the year and what factors will determine its development in 2026, in an article for Property Forum.

Kyiv’s office market posted moderate growth in 2025 despite continued uncertainty. Annual gross absorption rose by 26% y/y to around 160,000 sqm, with total leasing activity reaching 165,000 sqm. However, market experts note that demand remained uneven and was only partly driven by organic business expansion, the URE Club writes in an article for Property Forum.

Ukraine Finance Housing Company (UFHC), operator of the affordable housing mortgage program "yeOselia", and European fund management company Revive have signed a Memorandum of Understanding to launch an affordable housing program for middle-income households and workers in critical sectors.

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.

In the East European region, the aggregated construction outlook for next year has remained positive, only the trajectory has changed a little, according to the winter report of the Eastern European Construction Forecasting Association (EECFA). 

The European Bank for Reconstruction and Development (EBRD) and the European Commission are supporting Ukraine's housing recovery with a €100 million loan facility to develop a scalable affordable housing platform. The financing will help deliver safe and sustainable housing for internally displaced persons and other vulnerable groups, addressing one of the country's most pressing social needs.

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.

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.

Despite the escalation on the front lines and increased shelling of civilian infrastructure in peaceful cities since the beginning of summer, the Ukrainian construction market has seen an increase in the number of new projects launched and completed in the first half of the year. The Ukrainian Real Estate Club has summarised the situation for Property Forum.