Residential real estate in Kharkov

Residential real estate market of Kharkov is represented by primary and secondary real estate markets. The primary residential real estate market of Kharkov region offers standard flats in already constructed old or not very old standard blocks of flats (so called secondary market) made of breaks or concrete panels. One can also find separate houses (or cottages) with land plots as well.

The same is offered on the secondary Kharkov real estate market, but normally quality of such real estate is rather lower then the same of the new flats and cottages offered on the primary Kharkov real estate market. Therewith purchase of the real estate on the secondary market in Ukraine is rather risky, therefore from one hand it is always better to buy it on the primary market and from the other hand, before buying any real estate in Ukraine (especially the real estate on the secondary real estate market) it is strongly recommended to make due diligence of such real estate checking and analyzing each and every available document as concerning such real estate, otherwise, especially for a foreigner, there is rather significant risk to be defrauded or to pay twice or more higher price.

Commercial real estate in Kharkov

Commercial real estate market of Kharkov is represented by primary and secondary real estate markets. The primary commercial real estate market of Kharkov region offers standard office premises in already constructed old or not very old standard Soviet buildings (so called secondary market) made of breaks or concrete panels or other old Soviet construction materials. Therewith at the moment Kharkov city has enough quantity of modern office premises (separate office premises (for a single user or multiple office buildings) or office premised combined with industrial premises). Commercial real estate can be purchased or rented as well.

Therewith purchase of the real estate on the secondary market in Ukraine is rather risky, therefore from one hand it is always better to buy it on the primary market and from the other hand, before buying any real estate in Ukraine (especially the real estate on the secondary real estate market) it is strongly recommended to make due diligence of such real estate checking and analyzing each and every available document as concerning such real estate, otherwise, especially for a foreigner, there is rather significant risk to be defrauded or to pay twice or more higher price.

Industrial and retail real estate in Kharkov

Another two types of real estate in Kharkov, which are actual for foreign investors, are industrial premises, which can be used for various types of industrial productions (plants, factories, workshops, etc.) and retail real estate, which can be used for various shops, supermarkets, boutiques, etc. (for small shops and boutiques most often are used the ground flours of commercial real estate within limits of the city, and for big shops and supermarkets most often are used separate ready-constructed old buildings, which are redecorated in the modern style accordingly, or new specially constructed buildings).

Ukraine is ranked as one of the most attractive and promising retail markets worldwide. Growth in consumer spending capacity and the corresponding expansion of the retail market in response to the strong demand means that the retail property market is undergoing phase of healthy development.

Apart from Kiev, the highest demand for retail real estate is in Kharkov, which is located at the crossroads of key transportation routes. There is demand both for retail trade centers as well as for independent stores.

It is important to note that when buying property in Ukraine foreign investors can face the following problems: corruption, lack of regulation, lack of controls and an insecure legal frameworks for enforcing personal property rights.

The most essential tip for prospective investors is to have a well-informed independent adviser, who can speak both English and Ukrainian, the language in which real estate transactions are conducted. Failure to obtain a good legal advice can result in disastrous financial losses. It is particularly important to have a decent local lawyer, who is well versed in the local legislation.

Kharkov real estate market is most certainly an emerging one and comes with all the problems commonly associated with an immature market. However, emerging markets also bring unrivalled potential for substantial profits and often the best investment opportunities in the longer term. The risks involved in investing in Kharkov real estate market are greater than average, but, then, so are the potential returns.

The above information is provided herein in educational and informative purposes only. It is provided that you have to get appropriate advice as regarding issues of your interest in Ukraine in order to have the exact, extensive and up-to-date legal and other related information.