Participants discussed the impact of outdated urban planning documentation on the development of Ukrainian cities, the implementation of new residential projects, and investment attraction. According to Oleksii Koval, CEO of Perfect Group, transparent and predictable territorial planning rules are particularly important for developers.
“In many European countries, a developer already understands the parameters of a site at an early stage and can quickly calculate the project’s economics. In Ukraine, this process is often accompanied by additional approvals and uncertainty, which affects both project timelines and investment attractiveness,” he noted.
He also paid special attention to the issue of public land use. Due to the complexity of changing land-use designation, developers are often forced to seek compromise solutions that do not always meet buyers’ expectations. In his view, existing mechanisms need to be improved, taking into account real housing demand and the needs of urban development.
“In Kyiv, buyers primarily look for housing. The apartment format is less in demand here due to commercial tariffs and the legal status of such real estate,” the speaker explained.
To address these challenges, Oleksii Koval proposed several systemic measures, including setting clear deadlines for urban planning decisions by local authorities, involving private organizations in the development of planning documentation, and incorporating economic feasibility into urban policy formation.
According to him, modern urban planning should be based not only on regulatory constraints but also on a realistic understanding of how to attract investment and create a comfortable living environment.
“Developers are ready to invest not only in housing but also in creating a complete environment — public spaces, landscaping, social and transport infrastructure. It is important that urban planning decisions allow such projects to be implemented in a comprehensive and efficient way,” the CEO of Perfect Group emphasized.
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