Ukraine, the second largest country in East Europe, with an area of 603,628 kilometers, is bordered by the Russian federations on the north-eastern and eastern sides, Hungary, Slovakia and Poland on the western side, Belarus on the north-west and Moldova and Romania on the south-western side. A large number of international real estate investors are aware of the rapid development of Ukraine Real Estate.
The prices of in Ukraine, particularly in cities like Kiev have escalated to a great extent over the last few years. Due to this, the buyers who purchased in Ukraine in the early 1990s for a small price of few thousand dollars and now extremely happy as they have witnessed a sharp rise in the value of their property up to 40 percent every year. Add the revenue that you received from Ukraine rentals and you have a wonderfully profitable asset in your hands.
A number of international investors made their decision to enter into the Ukrainian property market following the Orange Revolution which showed everyone that Ukraine has extremely strong democratic as well as European leanings which is most likely to continue in the same way in future.
Obtaining in Ukraine is quite simple and convenient. The appreciation of property rates started during early 90s after the economy of Ukraine hit rock bottom and was more prominent in larger cities like Kiev, Lviv, Odessa and Dnepropetrovsk. Following this, the prices of the resort areas in Crimea began escalating. At present, the price of Ukraine in the city of Yalta is even higher than the capital city of Kiev. In the late 1990s, the prices of property in the different vacation areas of the country began to rise.
Property values in the country are not expected to halt their growth any time in the near future. According to the international real estate analysts, the main causes behind the growth of prices of Ukraine real estate include:
• The low level of per capital housing during the time of Invest in Ukraine Soviet Union.
• During the soviet times, the people were not allowed to move to bigger cities. However, now that they are allowed, the demand for property is also increasing, leading to price rise.
• The concentration of capital as well as opportunities in the big cities is leading to migration of people and hence, rising prices.
• The rising income in the resort areas and major cities.
• The lack of other alternatives of investments also results in rise in price of properties.
• The mistrust of bank due to the loss they suffered during banking crisis and inflation in 1990s has resulted in rise in prices of Ukraine.
This boom has occurred in the country even though the rate of interest is quite high. As and when the interest rates become lower, the demand for Ukraine is likely to rise even further. So now is the perfect time for international investors to invest in real estate in Ukraine.