How to Buy Real Estate in Ukraine

The process for non-residents to buy property in Ukraine is easier than any other country in Europe and MUCH easier than in North America. Here is a simple step by step guide.

#1 Choose a Broker

Unless you’re going direct to seller, you’ll need a real estate agent to show you several properties. Assuming here that you are in either Kyiv or Odessa there are basically 4 reputable agencies. All these will charge a commission as a percentage of sales price. Standard is 5% but this can usually be negotiated down to 3-4%.

Kyiv

Blagovist www.blagovist.com/en – Blagovist has about 50% overall market share, hundreds of agents and offices located throughout the city. They have English speakers on staff.

Park Lane https://parklane.ua/eng – Owned now by Blagovist, offices throughout city, also with English speakers on staff.

Aim Realty https://www.aimrealtykiev.com/ – Small company but specializing in expat market.

Odessa

Atlanta https://www.atlanta.ua/ – Largest agency in Odessa. Odessa can be a little wild unlike Kyiv, so it’s best to stick with a larger company/reputation.

#2 Obtain Tax ID and Open Bank Account

After you’ve found the property you wish to buy, you’ll need to get a tax ID and open a bank account. This takes about 3 days and only needs to be done once.

Tax ID office for Kyiv is located at Leskova 4, in city center. Hours are Monday-Thursday 09:00-18:00 and Friday 09:00-16:00.

http://kyiv.sfs.gov.ua/okremi-storinki/tsentri-obslugovuvannya-platnikiv-poda/69655.html

Bring passport, notarized copy of your passport which can be had at any notary for about $10, proof of address in Ukraine which is simply a letter from your hotel or AirBnB stating that you have accommodation.

Wait 3-4 days and you will be given a tax identification document. Take this to a large bank of your choice and open an account. To do this you’ll again need passport, notarized copy of passport and the same accommodation letter you used previously for the tax ID. Send your purchase funds to this account from abroad.

#3 The Purchase

The day of the purchase you will meet the real estate agent, seller and notary at your bank. You’ll either transfer funds to sellers bank account as documents are signed or most commonly the seller will prefer cash on site.

Taxes and fees are minimal in comparison to Western countries. There is a 1% pension fund tax, paid by seller and a 1.5% military tax. Normally these are split between buyer and seller. They might try to stick you with the whole thing assuming your ignorant of this fact. Don’t let that happen. The notary will need about $100-200 depending on purchase price. Your name is then registered into the registration database and you leave with your documents.

That’s it.

Recurring annual taxes are minimal and apply only if you own combined over 60 meters across as many properties that you may own, around $1.50/year per meter.

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