Damage to housing stock in Ukraine totals over $54 billion

Direct damage to housing and otherreal estate in Ukraine exceeded over $54 billion as of May 2023, according to research published by the Kyiv School of Economics Institute on June 26.

That figure represents a third of total of direct losses of infrastructure and other Ukrainian assets, according to the institute.

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Of the total direct losses to the housing stock, the lion's share - $46.6 billion - is due to the demolition of and damage to apartment buildings. A total of 18,600 multi-story buildings have been affected: 13,200 were damaged, 5,400 were completely destroyed.

Damaged and destroyed houses make up $7 billion of the lossses, consisting of 144,000 damaged houses – including nearly 59,000 that have been mostly or nearly destroyed.

Additionally, 345 dormitories have been damaged, with direct losses estimated at $0.5 billion.

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A total 163,000 of housing units with a total area of 87 million square meters were damaged as of June 2023. This represents 8.6% of the total housing stock in Ukraine.

The greatest damage took place in Donetsk, Luhansk, Kharkiv, Kyiv, Mykolaiv, and Chernihiv oblasts. According to the institute’s experts, more than 18,000 houses have been completely destroyed (over 40%) in Donetsk Oblast, 6,700 in Kyiv Oblast, and more than 2,500 in Luhansk Oblast.

Since the full-scale Russian invasion, 454 residential buildings have been destroyed or damaged in the capital, with the total damage amounting to $734 million.

The most damaged cities are Mariupol, Kharkiv, Chernihiv, Sievierodonetsk, Rubizhne, Bakhmut, Maryinka, Lysychansk, Popasna, Izyum, and Volnovakha.

According to preliminary findings, 90% of the housing stock in Severodonetsk was damaged, while there are literally no undamaged buildings in cities such as Bakhmut and Mariinka.

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The data on damaged housing stock is relevant as of May 2023 and does not take into account the direct losses caused by the explosion of the Kakhovka Dam – which affected 48 settlements, according to the Ministry of Internal Affairs.

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Read the original article on The New Voice of Ukraine