Ukraine Investment and Real estate Market

Ukraine currently represents one of the most promising and perspective real estate markets in the worldwide property investing market. With Ukraine property values that have increased a 600% in the last 4 years, it is easy to find the potential for Ukraine properties. The market for off-plan apartments in Kyiv is one of the most interested and obtains in Kyiv property generally were around 80% in 2007. Those considering real estate investment in Ukraine will also be interested in rental yields, currently around 10% for Ukraine homes as a whole and between 7% and 11% for Kyiv property.

Mortgage in Ukraine and Investment

When you purchase real estate or land site in Ukraine, you will probably need Ukraine mortgage information. The market for Ukraine mortgages is currently on its early steps of development, but once the possibility for a Ukraine mortgage is completely realized, the Ukraine real estate investment market is expected to profit greatly and the demand for real estate in Ukraine will increase strongly.

You have to get current information on Ukraine mortgages from your Ukraine lawyer. As an alternative to a Ukrainian mortgage you may wish to consider releasing equity from real estate you currently own.

Taxes in Ukraine and Investment

In case you purchase in Ukraine, expect to find the buying process different to the one you may be used to and independent legal advice from your Ukraine lawyer is vital. This will ensure your investment into real estate in Ukraine is made correctly. A buying process in Ukraine includes Ukraine tax payments including 1% duty. This is payable by the person who buys or seller, depending on the agreement for your Ukraine real estate - your Ukraine solicitor can supply with information on Ukraine tax and other aspects of Ukraine Law.

Purchasing Ukraine real estate also means you are liable for certain state and country taxes. These include income tax on rental income from a Ukraine real estate investment.

Investing into Commercial Real Estate in Ukraine

Developers are now strongly searching permission for the building of alternative space just outside of the main city centre area while market demand is awaiting this provision to reach completion there’s plenty of possibility for larger investors to acquire lower grade space in need of investing and improvement or to purchase into existing stock or invest in future development projects.  Mainly as the economic features of Ukraine develop and grow and the government continues its focusing on attracting sustainable foreign direct business real estate investment, so demand for quality office area particularly in Kyiv will continue to surge.

The other commercial real estate in Ukraine sector to look at is definitely retail – there is a serious undersupply per head of retail space when you compare the whole of the country to any European nation for instance, and international retailers have realized this as have local developers and they are all now trying to cash in on the consistent double digit growth in retail spending that is being witnessed in the Ukraine annually.  Three new large malls are under construction with the majority of development focus centered in Kyiv, Odesa and Lviv giving investors a broad range of possibilities to explore Ukraine.

Ukraine is going through a period of fast growth, development and expansion, its economic features are blooming and inward real estate investment is strong. All signs are for a continuation of the growth in fortunes of the nation and as a result it is highly likely that well thought out and located investments in real estate made today will reap an investor strong returns over the medium to long term.