The introduction of project financing based on the European model, where the bank acts as a partner, controller, and guarantor for investors, could serve as a significant stimulus for the development of Ukraine’s construction sector, believes Anna Laievska, a top manager at the company «Intergal-Bud». According to her, this model is capable of increasing the level of security for investors, as buyers’ funds are only engaged after a specified level of construction readiness is achieved.
This is reported by Business • Media
Laievska emphasized that currently «Intergal-Bud» is one of the leading players in Ukraine’s real estate market, present in many regions of the country. The company is already actively participating in the implementation of European projects, which allows for the adaptation of best practices and modern approaches to construction.
Challenges and Prospects for the Development of the Construction Industry
The expert also highlighted the main issues that complicate the development of domestic real estate. These include insufficient solvent demand, a shortage of qualified personnel, and rising construction costs amid limited opportunities for price increases. She stressed the importance of expanding government support programs for construction to provide housing for over 4.6 million internally displaced persons.
Additionally, the renewal of spatial planning for communities, the approval of city master plans, and the completion of the digitization of the permitting system in construction could serve as positive stimuli for the industry’s development. According to Laievska, these measures will contribute to stable growth and enhance the investment attractiveness of the domestic construction sector.
“The introduction of the European financing model could be the key to the stable development of Ukraine’s construction industry, providing safe and transparent conditions for investors,” emphasized Anna Laievska.