New Construction Flat in Kiev or Surrounding Area
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I saw $1700 per square meter new apartment inside Kiev.聽 Very good location.聽 Smallest one is 52 square meter. $88,400.聽 Parking available but extra.聽 I don't know the cost.聽 But this is just a box. Meaning, nothing is finished inside.聽 You have to install everything inside. Which will cost you at least $60,000, minimum, more.聽 Total: $148,000.聽 Just an example.
I found using real estate agents in Ukraine is hit or miss.聽 All agents don't share a big database. Each agent or office has their own database and they don't share with other agents or offices.聽
I used a couple of agents and they showed me some houses but nothing satisfied my requirement.聽 At the end, I ended up driving around the area where I wanted to live and found a land.聽 And built a house with two car garages.聽 Land costed me $15,000.聽 But by the time, I finished everything, it costed me about $140K for a complete house.聽 It is about 10 minutes by car to the nearest metro station.聽 聽If a covered garage is important for you, you might want to consider buying a small lot and build a small house with a garage to your liking.聽 If you are handy person, you can even do some of work and save money.聽 I had others do all the work so it costed me more.聽 Building a house here is much different than U.S.聽 It is easier in many aspects and less permits requirement.聽 At least from my experience, we built a house without a permit.聽 After finishing the house, we hired a lawyer who did all permits, construction permit, occupancy permit etc... Meantime, we moved in and started living while all documents were being prepared.聽 That is the way it was explained to us by the land owner from whom we bought a land.聽 I hope this gives you some idea about real estate situation in Kiev area.
A real estate agent is a must. Especially when you are buying a flat in a new building then they are paid by the developer. In any case, there are just too many options and not all of them are a good deal. The quality of the buildings often is questionable but the main risk is the legal background. Often the buildings are built for years, or they can't be plugged into the municipal communication systems like heating, water supply, electricity supply, etc. Having said this I would recommend you to invest only in a ready building, even in one that has been completed at least a year ago. It is more expensive yet less risky.
I can advise you on real estate in Irpin myself as I know this market very well. By advice I don't mean a paid service but just sharing my own experience.
Since you have the money, you are also calling the shots. Try to buy objects without paying comission to some salesman for buying something. Try to deal directly with the seller if possible and you can cut out the real estate agent. Anyway closing the deal will be done by a notaris who checks all the documentation so find one you think is good and profesional.
Here are a good site for checking out new building projects:
This is one for already completed houses:
DreamCatcher213 wrote:I have been eyeing Irpen but the location is a bit far. I鈥檝e only lived in Podil and this was the area I was particularly interested in. However the prices in Irpen are much more affordable and for this reason I would consider it. How is it for you in Irpen compared to Podil?聽 Can you recommend any business class buildings in Irpen? I will not have a car so being close to things is important to me.
I don't like Podil at all. It looks tired and is always in traffic jams.
Could you please clarify what you mean by "business class buildings in Irpen"?
Thanks for the info.
How long did it take to build and how much did you pay for the Square meter?
Thank you
Sanja7 wrote:In my opinion the real estate agent is a big joker in the game. So many different "real estate agents" with many different options. In some cases they want you to pay 5% commission for buying an apartment. In the normal world the seller pays the commision to the salesman (real estate agent) for selling the obeject. But this is Ukraine, where things are on the opposite.
Since you have the money, you are also calling the shots. Try to buy objects without paying comission to some salesman for buying something. Try to deal directly with the seller if possible and you can cut out the real estate agent. Anyway closing the deal will be done by a notaris who checks all the documentation so find one you think is good and profesional.
Here are a good site for checking out new building projects:
This is one for already completed houses:
Do you know if there are any direct buying from owners website in English language?
Thank you
One site is this
For example at Obolon Residences (2 minutes from Minsk's metro Station) at the beginning of construction the price was 1500 USD per sq m. When the house was already built the price was 2000+ USD. And on the secondary market (when the house is already built, have the permission for explotation, all communications are inside the building) the price is 2500+ USD.
So for lower price it is better to find projects at the beginning of construction. But the investor takes all the risks if the constitution is not finished. Unfortunately it happens so often in Ukraine.
Not far away from Obolon recidences there is a house Obolon breeze, thats almost finished but still pending on some decision. What I understand the official version is that they were allowed to build certain amont of floors but exceeded this and now they cant finish it. I have seen the same situation in Bereznaky and the 3 big towers, Silver breeze. 3th house is still empty and not finsihed.
Many developers recieve permission for small or administrtive buildings and then build 25+ floor building. Some of them find the way to legalize it. Other couldn't and the buildings stay unfinished.
In some cases, investors begin to live in unfinished buildings and provide electricity and water supply in flats by their own cost.
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