Ukraine. All new buildings

Location on the map, climate, and economy

Ukraine is a country located in the southeastern part of Europe, bordered by the Black and Azov Seas. It is the largest country that is entirely within Europe. It borders with Romania and Moldova in the southwest, Hungary, Slovakia and Poland in the west, Belarus in the north and Russia in the east and northeast.

The climate is temperate, in summer and winter the temperature changes slightly, reaching maximum temperature indicators in July and minimum ones in January. The average annual air temperature in Ukraine ranges from +11-13 °C in the south to +5-7 °C in the north.

Ukraine is a country with a developed scientific and industrial base. The country is a member of the World Trade Organization. It is an industrial-agrarian country with a predominance of the production of raw materials. It is one of the leading exporters of some types of agricultural products. Other leading sectors of the economy: electric power, coal, fuel, oil and gas industries. The country also ranks eighth in Europe in terms of the number of tourists.

Ukrainian New Construction Market

New buildings in Ukraine represent the primary real estate market and are considered a popular investment option. Recently, the market for new buildings has shifted its focus to the economy class, developers have begun to offer buyers compact smart apartments at affordable prices. Residential complexes in Ukraine with studio apartments and spacious apartments are in demand. Buyers prefer apartments in residential complexes, remote from critical infrastructure facilities, equipped with bomb shelters, with parking lots.

The real estate market is gradually recovering, and experts see signs of improvement in both sales and rentals. According to experts, development companies that had unfinished construction and were approaching the stage of completion focused on completing housing.

New buildings in Ukraine demonstrate the modern quality of life and a high level of development. Such real estate is an excellent investment that opens up opportunities for own living and receiving a stable income from renting out. It is worth keeping in mind the monthly increase in construction prices, therefore, investing in a project now, in a year you can expect that its cost will increase by at least 15-20%. This indicates a great opportunity not only to keep savings from inflation, but also to increase capital or actively earn on it (resale, rent).

Now developers in Ukraine offer very loyal installment terms: there is the possibility of installments for finished or almost finished housing, offers are presented with price fixing in hryvnia or dollars without further price increase. Positive signals for the primary market also come from the state. The єOselya program received tens of thousands of applications for the purchase of housing under preferential mortgage programs. That is, the interest in the country's new building projects is high, but the improvement of financial and psychological conditions for potential investors is still relevant.

Prices for apartments in new buildings in Ukraine

Prices for apartments in new buildings in Ukraine over the past year have gradually increased in almost all regions, but at different rates. The increase in the cost of new buildings is explained by rising prices for building materials, a decrease in production volumes in the country, the complexity and rise in the cost of logistics from abroad and a shortage of labor. The highest rates of appreciation are observed in the western regions, but the most expensive new buildings, as before, remain in Kyiv. Estimated cost of new buildings in the cities of the country (per square meter):

• Kyiv - UAH 48,000;
• Uzhgorod - UAH 46,400;
• Lviv - UAH 44,200;
• Dnepropetrovsk - UAH 40,000;
• Vinnitsa - UAH 36,000;
• Ternopil - UAH 24,500;
• Ivano-Frankivsk - 24 300 UAH.

Real estate in Ukraine in a new building (types)

Potential investors can choose the following types of real estate in a new building:

• residential (apartment, flat, cottage, townhouse, penthouse, private house, etc.);
• commercial (offices, retail real estate, hotel business, restaurants, cafes, etc.).

How to buy an apartment from a developer in Ukraine: the nuances of investing

Foreigners have the right to purchase real estate from the developers in Ukraine, regardless of whether they are individuals or legal entities.

The procedure for buying an apartment from a developer in Ukraine for non-residents is the same as for citizens of Ukraine, the only difference is that foreign citizens need to legalize some documents. You can buy an apartment in Ukraine in a new building at the stage of construction of a residential complex at a better price, but there are risks (postponement of delivery of housing, availability of infrastructure, quality of work, reliability of the transaction, documentation and reputation of the developer).

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment according to the individual parameters of the client. The purchase and sale of new buildings in Ukraine is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.

Purchasing apartments from a developer in Ukraine are a profitable investment that guarantees financial support in the future, the opportunity to live and do business in a developing country.