Why do people from different countries choose real estate in Ukraine?
Are you looking for a country to live in? Are you planning to emigrate from your country and settle in another one? Ukraine offers many opportunities for immigration and also gives easy access to real estate purchase for non-residents.
Usually a family lives in one place for a long time. That’s why buying a country house or an apartment in a metropolitan area in the largest country in Europe – Ukraine is usually a 5-10-year decision. Therefore, you need to make the right choice of real estate, to check the quality of the property and legal purity of the object you plan to purchase.
So why should you choose Ukraine as a place of permanent residence?
1) Economics. Ukraine has relatively low prices for residential real estate in comparison to other European countries. For example, according to the website www.krysha.ua, a ready-made 3-bedroom apartment with renovation on the secondary market can be purchased at the average price: in Kyiv – the capital – for USD 93,000, in Lviv – near the border with Poland – for USD 60,000, in Odesa – on the Black Sea coast – for USD 56,000, respectively.
A significant advantage is that the cost of living in Ukraine is quite low, according to the website www.numbeo.com it is about 800 USD per month for a family of 2 in Kyiv.
2) Ukraine’s advantageous geographical location. The capital city of Kyiv, with a population of 3 million, is located in the north of the country. The Kyiv agglomeration, which has about 5 million population, is the largest in Ukraine in terms of population, area, financial and economic indicators.
Odesa – southern resort city is home to more than 1 million people, and the Odesa agglomeration (called “Greater Odesa”) stretches along the Black Sea for 120 kilometers and has 3 international seaports and about one and a half million permanent residents.
Lviv, the largest western industrial and cultural center, is home to about 700,000 people, and the Lviv agglomeration has a population of over 1 million people, respectively.
Ukraine is successfully connected with European countries by road and railway. Air travel is also a popular means of transportation (in the Kyiv area there are 2 international airports, so it will take you 8 hours to get from Kyiv to Warsaw by car and only 2 hours by plane). This will allow you to travel easily to and from Ukraine.
3) Education. If you have children, it will be interesting for you to know that attendance at kindergartens in Ukraine is free until the age of 6-7. Studying in secondary schools in Ukraine is also free of charge – from 6-7 years to 17-18 years. It usually takes 11-12 years. At the same time, there are private schools where education costs from 200 USD per month and more, depending on the class and location of the private school.
Higher education in Ukraine is affordable in comparison with Europe and the United States, and its quality is high. 10 Ukrainian universities are included in The Times Higher Education World University Rankings 2023. Sumy State University is ranked 401-500 in the overall ranking, Lviv Polytechnic is ranked 601-800. Taras Shevchenko National University of Kyiv, Sikorsky Kyiv Polytechnic Institute, and Karazin Kharkiv National University are also included in this rating.
Gifted students have the opportunity to get a free higher education and to receive a scholarship during their studies.
Many Ukrainian universities are partners of the world’s top universities in Europe and the United States, and students in Ukraine have the opportunity to get a diploma of a world top university, while the cost of education will be the same as in Ukraine.
4) Healthcare. Healthcare in Ukraine is accessible and free of charge, and there are many private medical centers. Each district (city or agglomeration of 50,000 residents and more) has a central hospital with a full range of necessary medical services. The main advantage of healthcare in Ukraine is the availability of free (social) medicine, while the average bill for a visit to a private dentist or specialist is about 50-100 USD. According to the website https://www.health-tourism.com/medical-tourism-ukraine/, Ukraine is among the top 20 countries in the global medical tourism ranking.
5) Sports. Sports in Ukraine is publicly available, as there are many stadiums, sport complexes, fitness clubs, swimming pools, etc. At the same time, many of the above are free of charge or have a rather symbolic fee ($20-50 per month). Many cities have special sport areas that are also free to use.
6) Business prospects. Ukraine is an attractive place for investment and business, and is traditionally ranked high in the Doing Business rating. Due to the high level of digitalization of administrative services, it will be easy for migrants to register a person-entrepreneur or a company in Ukraine (when using the simplified taxation system, tax is only 5%).
7) The environment. Ukrainian continental climate is one of the best in Europe, with an average annual temperature of +12°C in the south and +6°C in the north. In winter, the average temperature is +5°C during the day and 0°C at night in the south, and -4°C during the day and -3.9°C at night in the north. Winters can be snowy. In summer, the average temperature in the north is 26°C during the day and 18.0°C at night. In the south, summer temperatures are usually 30°C during the day and 22.0°C at night. There are usually few rainy days.
We can summarize, that Ukraine deserves attention when choosing a place for long-term residence. In comparison with European countries, the cost of residential real estate in Ukraine is 3-4 times lower than in the EU countries. But at the same time, Ukraine has similar standards of living, that again make an obvious choice in favor of Ukraine.
For more than 10 years, Pravelon.legal has been supporting transactions for the purchase and sale of residential, non-residential, commercial and other types of real estate. If you decided to buy real estate in Ukraine, always feel free to contact us and we will be pleased to help you.
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