Construction and housing market in Ukraine

The construction and housing sector contributed approximately 1.7% of GDP in 2024 (USD 3.2 billion / CAD 4.38 billion).

The total construction market reached USD 5.1 billion (CAD 6.95 billion), which is still below pre-war levels.

Estimated market size: USD 8–10 billion (CAD 10–14 billion)

Construction activity is recovering but remains uneven due to:

• ongoing security risks
• labour shortages
• reduced purchasing power

The residential market has been particularly affected by declining household income and limited mortgage access.

Government programs supporting demand include:

• eVidnovlennia: Compensation for destroyed housing (USD 744 million provided)
• eOselya: Preferential mortgage program (USD 1.1 billion issued) 

Ukraine’s reconstruction needs are significant:

• total estimated damage: USD 195.1 billion (CAD 267.2 billion)
• required recovery investment: USD 587.7 billion (CAD 804.9 billion)

Sector breakdown of damage:

• housing: USD 61.1 billion
• infrastructure: USD 78.4 billion
• industry: USD 32.1 billion
• social sectors: USD 81.7 billion

Reconstruction demand is expected to drive sustained growth across multiple segments.

Ukraine faces shortages in key construction materials due to:

• increased demand from rebuilding
• damaged or occupied production facilities

Key gaps and opportunities are:

• flat glass: significant production deficit
• cement: supply constraints
• concrete: high demand, need for additional producers
• mineral wool and insulation materials
• polyvinyl chloride (PVC) and building materials manufacturing