Buying Property in Ukraine

The Ukrainian real estate market is developing fast and is generating growing interest from international investors. The key factors which make the market so attractive are:

– Low real estate carrying costs (almost the lowest in Europe)

– High gross annual yields from commercial real estate investment in big cities

– Minimal property taxes or complete absence of them in some cases.

– Low renovation costs

– Good location in the middle of Europe

However, the Ukrainian market may be tricky and bear some hidden risks.

First of all, Ukrainian laws do not regulate the activities of real estate agents. No official licenses are granted, and an unprepared investor may face fraudulent activity. Many investment opportunities come with hidden surprises such as property seizure, third party rights, open litigation, and debts.

Unlike European Union countries, Ukraine has no controlling authority; hence relying on real estate agents or a private seller is ill-advised. A proper legal due diligence is necessary before signing a sale and purchase agreement in Ukraine. Neglecting this country-specific procedure may result in more problems than advantages.

Second, registration, taxes, and fees may apply depending on the agreement’s structure and the property type. For example, for the purchase of commercial property it would be advisable to register in the name of a Ukrainian company rather than as an individual, so the taxes will differ from buying a simple apartment in your name.

There are no significant restrictions on foreign individuals’ real estate acquisition and ownership (though note there are some restrictions relating to land ownership by non-Ukrainian nationals). Becoming a shareholder of a Ukrainian company opens lots of business possibilities and is straightforward.

A real estate purchase agreement is concluded from the moment of its notarial certification. Both parties must attend the notary appointment to commit a deal to paper and signing a contract is mandatory. Through a power of attorney, a lawyer may represent clients to provide additional flexibility. The financial transaction might be organized from a foreign bank account or a Ukrainian one, depending on a client’s preferences.

In conclusion, while Ukrainian administrative processes, laws, and languages will, no doubt, appear daunting, with the assistance of an experienced independent legal expert, you should not be deterred if you are looking for solid investment in the Ukraine.

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Property Purchase

Available in the following locations: Kyiv, Odessa.

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

1Who is this Service for?

Buying property abroad is a very popular activity but can be fraught with dangers. Given that the purchase of a property is one of the most important investments that most people will make in their lifetime, it is crucial to be advised by an independent expert.

2What does this service consist of?

  • Review of the purchase contract.
  • Management of negotiations and counter-offers.
  • Verification that the seller is able to pass good title.
  • Registry search to ensure property free of any charges or other mortgages.
  • Ensure outstanding taxes on the property are up-to-date before transfer.
  • Make sure that all items included in the sale (fixtures and fittings etc.).
  • Attendance and assistance when signing the deeds of the property.
  • Management of negotiations and counter-offers
  • In depth information about schools, sports clubs, shops, cultural organisations, etc.
  • Payment of stamp duty.

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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