What can drive the development of Ukraine’s construction industry?

The introduction of project financing based on the European model, where the bank serves as a partner, controller, and guarantor for investors, could be a catalyst for the sector’s growth, according to Intergal-Bud Commercial Director Anna Laevska. She believes that this model can enhance investor security, as funds from buyers are only utilized after a certain level of construction readiness is achieved.

The expert added that among the difficulties facing the domestic real estate market are the lack of effective demand, the shortage of qualified personnel, and rising costs with limited opportunities for price increases.

She stressed the necessity of expanding state construction support programs to provide housing for over 4.6 million internally displaced persons. The industry’s development could also be enhanced by updating community spatial planning, approving city master plans, and completing the digitalization of the building permitting system.