ARTICLES LABELLED WITH TAG war in Ukraine

The first project of the charitable foundation Housing For IDPs - the Socialization Centre for IDPs for 19 families - will be opened in the Irpin community at the beginning of the year.

According to the State Employment Service, as of September 1, 2023, the number of vacancies in the construction industry exceeded the number of registered unemployed. Representatives of the largest developers in the capital speak of a shortage of workers. Olga Solovei summarised what is happening in the labour market in the construction sector of Ukraine in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Since the beginning of the full-scale invasion, Kyiv’s primary residential market has stalled for some time with the number of transactions in 2022 significantly decreasing. In 2023, however, most developers are observing positive trends and slow but steady growth. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

After the extremely difficult year of 2022, the Ukranian retail market has finally managed to improve its performance. Having talked to key market players about trends, tendencies and forecasts, Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

In March-April 2023, the Ukrainian Real Estate Club conducted a survey of almost 100 representatives of Ukrainian companies that continue to operate in the market and do business during the war. Of course, all market participants, regardless of their region of operation, felt the negative economic consequences. Despite this, the market is rather optimistic and proactive, as evidenced by the survey results, Olga Solovei (URE Club) reports for Property Forum.

The scale of the destruction suffered by Ukraine as a result of the war is difficult to comprehend. The housing stock has been severely damaged, with Ernst & Young's research indicating that the scale of damage to Ukrainian real estate exceeds the volume of all new housing commissioned over the past seven years. No wonder that speaking about the Ukraine Recovery Program, Prime Minister Denys Shmyhal noted that it will be the largest reconstruction project since World War II. The Ukrainian Real Estate Club and Property Times summarised what is known about the program in an article prepared for Property Forum.

The full-scale invasion of Ukraine has led to huge destruction, the volume of construction waste has reached a critical level and continues to increase. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Ukraine’s logistics real estate segment has suffered significant losses and destruction since the beginning of the full-scale invasion. Russia targeted warehouses and about 500 thousand square meters of warehouse space was destroyed during the attack on the capital in the Kyiv region. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Maciej Runkiewicz, CEO of Kajima Poland has talked to Property Forum about the current challenges on the Polish construction market, new supply chains and ESG's impact on the warehousing sector.

Taking into account the mood and current investment activity, it would seem that the recession in global markets is only just developing. A clear slowdown in real estate transactions has been visible since mid-2022. Several factors contributed to it, including the increase in interest rates, uncertainty related to the geopolitical situation, the war in Ukraine, games between the USA, Taiwan and China, as well as the instability of government and economy in Great Britain and economic problems in China, claims Michał Ćwikliński, Principal, Managing Director – Poland at Avison Young.