Ukraine Investment: Economy
Property investment in Ukraine involves examining the country's recent economic performance. Little under 20 years ago, Ukraine was an unknown tourist and investment destination, but reform of its economy, particularly since 2000, has led to impressive economic results. With the Ukraine combination of a steadily-growing economy, rising tourism potential and extremely competitive property prices, the Ukraine real estate market currently represents one of the best returns globally, particularly when it comes to Kiev new construction.
Ukraine's economy has seen strong expansion since 2002 and GDP growth between 1999 and 2004 was around 50%. Growth in GDP in 2008 is forecast to be around 5.5%. With stability in its currency and a marked increase in consumer confidence, Ukraine is showing promising economic signs. An additional positive sign is the fact that foreign direct investment has risen by a massive 350% in the last 4 years. Between them, Ukraine's economic statistics augur well for future Ukraine property investment.
Ukraine Investment: Tourist Potential
If you are planning to buy, Ukraine property investment will also receive a boost from the growing tourist industry. While it is not currently one of best-known countries in Europe for tourism, Ukraine is fast gaining a reputation as a destination waiting to be discovered. The capital of Kiev, resorts on the Ukraine Black Sea such as Yalta on the Crimea Peninsula and the ski resorts in the Carpathian Mountains are just a few of Ukraine's attractions. Visitor numbers rose by 8% in 2006 to 18.9 million and these figures are expected to increase regularly.
Ukraine Investment: Property Market
Ukraine, according to Knight Frank, represents one of the most promising markets in the worldwide property investment market. With Ukraine property values that have increased a staggering 600% in the last 3 years, it is easy to see the potential for Ukraine properties. The market for off-plan apartments in Kiev is one of the most auspicious and gains in Kiev property generally were around 70% in 2006 (65% in 2006). Those considering property investment in Ukraine will also be interested in rental yields, currently around 8.8% for Ukraine homes as a whole and between 6.9% and 10.2% for Kiev properties.
Continue to buying property in Ukraine.
