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Ukraine - Top 10 research resources

This week, in our continuing search for the best online research resources for emerging property markets around the world, the spotlight falls on Ukraine. Recent years have seen some remarkable price growth there, the consequence of a chasm between available housing stock and demand from both Ukrainians themselves and from overseas buyers.

Overseas demand is focused on major cities like Kiev and Lviv, as well as the country’s ski resorts and spa and beach destinations along the Black Sea coast, for example Odessa and the Crimean peninsula. A figure of 18 million tourists last year is likely to increase as Ukraine’s international profile grows ahead of its stint as joint host of Euro 2012. Investment ahead of the tournament has been estimated at $25 billion (£12.5 billion), with transport and tourism set to benefit significantly.

There are no major restrictions on foreigners owning property in the country and there are no visa requirements for visitors from many countries including the US, Russia and the EU. Relatively low transaction costs will also appeal to potential investors, so there are opportunities for agents offering quality property.

Having considered hundreds of websites relating to property in Ukraine, we present our selection of what we consider to be the ten best in English. If you think we might have missed any useful sites from our list, please feel free to post your comments at the bottom of the page:

1. Business in Ukraine - Doing Business 2008. Produced by the World Bank Group, this 84-page, free downloadable guide puts a wide range of country-specific data in the context of 177 other world economies. In addition, there are chapters on subjects like starting a business, obtaining credit and protecting investors which are invaluable to anyone looking to trade in or with Ukraine.
2. Ukrainian Real Estate Market blog. Regularly updated blog from Sergey Kalinin, Associate Director of Colliers International Ukraine. Though his company’s focus is on commercial property, Sergey’s articles cover all aspects of the property market as well as providing some excellent economic analysis.
3. PwC “Doing Business and Investing in Ukraine 2007”. Published in May 2007, this free downloadable guide is an exhaustive 69-page manual for those considering undertaking commercial activity in Ukraine. Topics such as the business environment, banking and finance, taxes and reporting requirements are covered in the detail you’d expect from one of the world’s largest business consultancy firms.
4. Business Ukraine. English-language weekly print magazine published by Kiev-based New Frontier Media Group, covering all aspects of commerce in Ukraine. There is a dedicated real estate strand on the site, carrying articles across all sectors (including residential), though while some are free to view, others require a subscription. These are currently priced at $195 (£95) for six months and $315 (£150) for 12 months, for delivery outside of Ukraine.
5. Ukrainian Law Firms Handbook. Experienced and reputable legal representation should be one of your prime considerations when entering a new market for the first time. This site offers profiles of some of Ukraine’s top legal firms, with information on their size, geographical location and areas of specialization.
6. Obelisk Ukrainian Property Market Investment Potential 2008. Concise free-to-access overview from Obelisk International of the economy, real estate market and the buying process, which acts as a good introduction to all newcomers to property in Ukraine.
7. Travel to Ukraine. Some good regional guides are the most useful aspect of this comprehensive tourism site, particularly for those unfamiliar with what Ukraine has to offer as a destination. There’s a wealth of other background information about the country too.
8. IFLR Ukraine real estate law update. Up-to-the-minute (April 2008) appraisal of the latest legislation concerning property ownership and development from specialist real estate and construction lawyer Timur Bondaryev, courtesy of the International Financial Law Review.
9. Property Xpress. Subscription property news service for Ukraine and other Eastern European markets. Though you’ll have to subscribe to access the stories, for €25 (£20) per month or €250 (£200) per year you’ll get access to news focused on the real estate markets of a number of emerging property destinations on a daily basis as well as an extensive archive of articles.
10. Kyiv Weekly. Though there’s no specific real estate section, the English-language news and features on politics, the economy and culture give a useful perspective on Ukraine’s development as a property destination.

If you're researching other destinations, please refer to our other articles:

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