I had a lot of fun making this video. Alex is my real estate buyer’s agent in Kyiv, Ukraine, who works with individual investors. I was spending time with him looking at real estate.
Alex is also a committed long distance swimmer. He swam across the Gibraltar Straight and is currently training to swim across the Channel.
As part of his training, he jumps into freezing water everyday. So before going to have a look at apartments, he took me to an Orthodox baptism site near a lake, behind a beautiful Russian monastery, and jumped into the water. This was filmed about 2-3 weeks ago when there was a cold wave throughout Europe. It was about -10c that day.
The first 3 minutes of this video are dedicated to his exploit, and in the rest of the video Alex shows us an apartment that can be split into various studios for a gross yield of 10%+. He breaks down all the numbers, explains the target market, etc.
Insightful.
You can watch the video here
You can find out more about Alex’s real estate buyer’s agent services in Kyiv, Ukraine here.
To a World of Opportunities,
The Wandering Investor.
Articles on Ukraine:
- A real estate investment in Kyiv, Ukraine, with 18% gross yields?
- An ambiguous case – is now the time to invest in Ukraine?
- Is a real estate investment in Kiev, Ukraine, attractive?
Available services in Ukraine:
- An Independent Real Estate Buyer’s Agent and Renovation Manager in Kyiv
- How to obtain Residency in Ukraine
- A Real Estate Lawyer in Kyiv, Ukraine
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
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Hello ,
I am Dr.Ankur here from India. Your tips and advices look very promising to me. I have my immigration consultancy firm in india . Now I want to diversify into real estate investment . And I read your article about Kiev . As it is good idea to have apartment in Kiev and have residency as bonus through investment ? Would like to know more about it .
You are better off just creating a local LLC on the side to get residency. It’s much easier. https://thewanderinginvestor.com/services/residencies/how-to-obtain-residency-in-ukraine/
As somebody who has invested in Ukraine yourself, do you follow the construction of huge short-term-rental places like S1 Terminal https://s1.ua/en/terminal in the railway station area of Kyiv?
Do you think that this additional supply will bring down the rates and yields?
I wouldn’t touch this project – such serviced apartment projects are typically overpriced and have yield expectations that are too high. Overall though, there is severe under-supply in Kyiv. I’m not worried about the new construction.
I got this from John from KRER https://youtu.be/-a9cj9cgiwE “The national average level of housing consumption in Ukraine is 23.3 m2 of floor space per person or 15.1 m2 of living space. it is far less than in other EU countries such as Germany (41.9), the Netherlands (41.0) and Switzerland (44.5)
Differences in housing consumption are quite substantial; 9.1% of total households have less than half the national average level of living space per capita (7.5 m2). The highest level of overcrowding is in Kyiv where 16.5% of households have less than 7.5 m2 of living space.
About 650,000 households, or 28.4% of the 2.3 million households living in one-room housing units, consist of three or more household members and there are approximately 974,000 households with four or more members living in two-room housing units
In 2013, around 6.6 million (39%) of the country’s households have less than 13 m2 per capita living space, of which 2.6 million families (15.2%) occupy less than 9 m2 per capita living space and 1.5 million families (8.8%) have less than 7.5 m2 per capita living space
In large cities, 52.7% of all households with children are not happy about their housing situation (49.8% in large cities and 58.5% in rural areas). Around 54.7% of families with three children are not content with their housing situation.
Since 1997, only about 74,000 dwellings per annum have been delivered. This means that that there are around 1.7 units per 1,000 people or 0.4 new units per 100 existing dwellings. EU average is 5.0
The construction of new dwellings has not even been sufficient to replace deteriorated housing stock nor has it addressed housing need in a reasonable period of time.
Following the 2008 economic crisis and the reduction in construction lending (especially for housing) in Ukraine, unfinished construction became another serious problem for Ukraine’s house-building industry. As of January 2010, the share of housing development projects which were either suspended or frozen constituted 66.4% of the total number of unfinished residential
In Kiev, the real story is inventory which continues to evaporate, having been cut in half over the past 18 months and by -37% in just the past 12 months. The current inventory of 10,538 units is the lowest within available records that date back to 2010. Just 16 months ago we were at 22,000.”
What about the city of Lviv? Up and coming tourist destination.
Lovely city, but smaller yields
Do you think it’s better to invest in Lviv or Odessa at this moment rather than in the capital? Also would you prefer to buy during the war or after?