Opportunities are Abound for the Ukraine Buy-to-Let Market
Property values in the capital of Kiev are soaring and as such many Ukrainians are being priced out of the market making profitable news for overseas property investors.
Not unlike the property market in the UK, where a growing number of first time buyers are forced to rent, house prices in the Ukraine have increased to such an extent that many locals rent as opposed to own property. Another issue hampering local buyers is the high interest rates on the county’s mortgages but with renewed economical interest these rates are sure to fall.
The growth does not only provide a good opportunity for overseas property investment, it has also aided in the development and infrastructure improvements in the Kiev market. Many towns and villages around Kiev and the mountain regions are experiencing their own building boom, with a fair amount of off-plan development under way. The Ukraine Carpathian Mountains now has its first off plan Ski resort, all signs of a booming Ukraine real estate market, and over the last few months alone reports have shown growth rates of between 12-15%, more than many other cities within Europe.
The UK publication, The Business has highlighted the fast-growing real estate market in Ukraine. The country’s economy is on the rise and prices for property in Kiev are still rising at about 2% per month, according to property reports.
Mykhailo Zhogolev, Director of Real Estate Experts Association, believes that renting is a cheaper option for the average citizen given the high prices and interest rates, as reported in the Kiev Weekly. International property investors, seeing the increasing value as well as the need for rental properties, have dominated the property market and in turn are making a good ROI.
For more information on overseas property investment and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com
Not unlike the property market in the UK, where a growing number of first time buyers are forced to rent, house prices in the Ukraine have increased to such an extent that many locals rent as opposed to own property. Another issue hampering local buyers is the high interest rates on the county’s mortgages but with renewed economical interest these rates are sure to fall.
The growth does not only provide a good opportunity for overseas property investment, it has also aided in the development and infrastructure improvements in the Kiev market. Many towns and villages around Kiev and the mountain regions are experiencing their own building boom, with a fair amount of off-plan development under way. The Ukraine Carpathian Mountains now has its first off plan Ski resort, all signs of a booming Ukraine real estate market, and over the last few months alone reports have shown growth rates of between 12-15%, more than many other cities within Europe.
The UK publication, The Business has highlighted the fast-growing real estate market in Ukraine. The country’s economy is on the rise and prices for property in Kiev are still rising at about 2% per month, according to property reports.
Mykhailo Zhogolev, Director of Real Estate Experts Association, believes that renting is a cheaper option for the average citizen given the high prices and interest rates, as reported in the Kiev Weekly. International property investors, seeing the increasing value as well as the need for rental properties, have dominated the property market and in turn are making a good ROI.
For more information on overseas property investment and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com
posted by Chris at 11:42 am
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