Real estate in Ukraine is among the most developed markets in the world. The value of properties for sale in Ukraine has seen a steady increase. This can be seen as a positive margin for those looking at Ukraine property sales as an investment lifeline.
While this might look like the prime time to get your footprint into the country's property for sale market, you should watch out for anything that might make your entry a bumpy one.
- Ukraine does not have a regulatory authority to monitor or control real estate agencies.
- Ukraine's laws are still in limbo on investments in real estate. Hence you must research intelligently before choosing any property in Ukraine for sale.
- You must understand how an agency's commissions on Ukrainian properties for sale work. Commissions range from 1% — 5%. Therefore, always bargain for the most favorable rate.
- The structure ownership of Ukrainian properties allows you to own property individually.
You can choose a legal entity to own property on your behalf, even if you registered the commodity back in your own country. It's important to note that laws in Ukraine don't allow foreign citizens to buy land.
Besides, as a non-Ukrainian citizen, you'll need a valid passport and taxpayer identification code.