ARTICLES LABELLED WITH TAG war in Ukraine

Since the onset of Russia’s full-scale invasion, Ukraine has experienced profound demographic and economic shifts. One of the most significant developments has been the increasing strategic importance of the country’s western regions—Lviv, Ivano-Frankivsk, and Zakarpattia—as safe havens for internally displaced persons (IDPs), as well as new focal points for business relocation and investment. The Ukrainian Real Estate Club has summarised the situation for Property Forum.

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.

Since the onset of the full-scale invasion, the proportion of imports on Ukrainian construction sites has remained relatively stable, with any monetary growth primarily attributable to fluctuations in exchange rates. The Ukrainian Real Estate Club has convened insights from representatives of various development companies to conduct a thorough analysis of the current share of imports, the evolution of procurement strategies, and the materials and components that predominantly remain imported.

The ongoing war has significantly transformed various aspects of life in Ukraine, with the real estate market being no exception. Despite the challenges posed by active hostilities, economic instability, and demographic shifts, the resilience and adaptability of Ukrainian businesses are noteworthy. This overview, based on a survey conducted by the Ukraine Real Estate Club among members of the business community, outlines the primary issues, trends, and prospects within the real estate sector during wartime.

We have previously published insights on the recovery efforts in Ukraine, and we would like to share some remarkable examples of how commercial projects damaged by missile attacks are being rebuilt. Shopping malls, office buildings, and logistics centres are often prime targets during hostilities, yet Ukrainian businesses are showcasing extraordinary resilience as evidenced in this summary prepared by the Ukrainian Real Estate Club for Property Forum.

Recovery in Ukraine began after the first months of the war. Without waiting for the war to end, the authorities and the population decided to restore both civilian and commercial facilities that had been damaged or destroyed during the hostilities. Today, this is a well-controlled and organized process of reconstruction and renovation, funded by the state, along with the help of international organizations, and by the population's efforts in the case of damaged housing. The Ukrainian Real Estate Club has collected information on specific areas of reconstruction for Property Forum, from the restoration of critical infrastructure to socially oriented projects such as schools and medical facilities.

CEE economies would suffer under a potential Trump presidency, primarily due to anticipated new trade tariffs, according to new research by Erste Group. The trade conflicts would impact the region indirectly through its economic reliance on Germany, says the bank’s CEE research team.

Dom Development Group has established the Nasz Dom Foundation to consolidate all charitable activities. The Foundation’s work was officially launched with a cooperation agreement signed with the Ukrainian foundation - Housing for IDP. In 2024, Nasz Dom Foundation will donate PLN 3.2 million to support a housing project for internally displaced persons in Ukraine.

The Ukrainian retail market is showing resilience despite objective negative factors (unstable consumer demand, declining purchasing power) and is gradually approaching 2021 levels. In the first half of 2024, the market saw both negative and positive trends. Among the first, CBRE Ukraine analysts mention a drop in the consumer confidence index. According to a study by Info Sapiens, as of the end of June 2024, this indicator in Ukraine decreased by 8 points, reaching 64.5. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

On 15-16 May, the Ukrainian Construction Congress was held in Kyiv, with the key topic of rebuilding Ukraine in a barrier-free and inclusive manner. As part of the concept of rebuilding Ukraine, the Steel Dream Bakhmut concept plan was presented. Iryna Nastych summarised the concept in an article prepared by the Ukrainian Real Estate Club for Property Forum.