Procedure of buying real estate for foreigner who is a non-resident is different comparing to buying real estate for Ukrainian residents. But nothing is complicated if we pay careful attention to the procedure, check everything and go through all stages step by step without any hassle. We have already helped more than 150 non-residents to buy apartments, cottages and houses in different cities around Ukraine – such as Odessa, Kyiv, Lviv, Kharkiv and even in some smaller cities in Odessa, Kyiv, Lviv regions as well as in Carpahian area.
Before buying an apartment (which is the most popular option among foreign men comparing to buying a cottage, or a house with land) you should choose whether you want to buy an apartment from primary market (that has never been owned by anyone like property in new buildings and construction projects), or from secondary real estate market (property that was previously owned by someone).
There are pros and cons of buying an apartment on primary market as well as pros and cons of buying from secondary real estate markets in Ukraine, but in short – if you are willing to wait for about a year and plan to live in Ukraine from 4 months in a year, it is recommended to buy an apartment on primary real estate market. In such case it is possible to choose among many buildings so your apartment will be on the desired floor with a desired view. Even though maintenance will be needed, you can choose which type of interior you want and which furniture as well as appliances will be installed. Overall price will be 20% – 25% cheaper comparing to an apartment from secondary market, but it will be a brand new apartment with neighbors whose income will be above average in the country. In addition everything in apartment will be brand new including kitchen appliances, furniture, TV as well as all wiring that runs in walls. Such apartment will be much easier and quicker to sell as well because it will be located in a new building.
The only advantage of buying an apartment from secondary real estate market is if you want to move in straight away. However, if apartment will be in a new building, it will be about 20% – 25% more expensive comparing if you buy from a primary market and wait until building is completed. If apartment is in old building, there might be problems with neighbors as well as with electricity, water supply and all other disadvantages of old buildings. Also you should be aware that there is a lot of scam in real estate market here in Ukraine and checking if everything is OK with an apartment on a secondary real estate market would be more expensive and will take time.
You can be sure we will provide you with complete expert knowledge from which developers it is worth buying property, in which area of the city, which apartments are worth considering and which ones you should never buy. In case you decide to invest in apartment from primary real estate market, our legal department will help you with opening an investment bank account, visit a tax office to issue a tax code which will be needed to buy an apartment and then register all utilities at your name and will go through all necessary agreements and documents as well as registering apartment at your name. In case if you decide to buy an apartment from secondary real estate market, we will check for all possible problems with documents, any confusing history of the chosen apartment as well as will check seller thoroughly (if needed – previous sellers as well). Our qualified lawyer will be able to check everything with any apartment from secondary real estate market before you make the purchase and spend even a cent on it.
Once an apartment is bought, we will make sure all utilities and maintenance agreements are registered at your name. We may also provide property management service to look after apartment while you are away from Ukraine making sure all bills are paid on time and everything in apartment is well including maid cleaning service before your arrival (if needed).
If you are really looking to purchase an apartment or any other property in Ukraine, feel free to contact us anytime. We will guide you step by step as well as provide all necessary consultations, assistance, help and advice needed to do everything correctly in the shortest period of time.