Real Estate Property Investment Series: Focus Ukraine 2007
Land and real estate prices in the Ukraine have been creeping up consistently in recent years with record growth recorded in the capital Kiev in the last two years alone. Basically the government are doing all they can to act as a bridge between Western and Eastern Europe and the Commonwealth of Independent States and they are also making it incredibly attractive for foreign investment to enter the Ukraine.
There are free trade zones in place, taxation incentives and decent legal protection for businesses and individuals who bring investment and jobs to the Ukraine and so the economy is doing especially well, GDP is creeping up and there is a new breed of middle class, middle income local citizens fuelling a period of property market expansion and for international property investors there are opportunities in both the residential and commercial real estate market sectors.