Installment plans with extended repayment terms offered by developers are in high demand among home buyers and are an alternative to state mortgage programs, Ukrainian developers told Interfax-Ukraine.
“In 2024-2025, we are seeing an increase in the share of customers who choose long-term interest-free installments from KAN Development. This is due to increased buyer confidence in the future, especially given the improved security situation in Kyiv. The ‘єОселя’ and ”єВідновлення” programs have had a limited impact on our sales so far. Most customers choose other financial solutions, in particular, our own programs,” said the press service of KAN Development.
In recent years, there has been a growing demand for longer installment plans, noted Irina Mikhalova, CMO of Alliance Novobud. In addition, developers are offering programs with reduced down payments.
“At the start of construction, we can offer longer installment terms—12, 24, or 36 months. This is because, as a rule, installments are provided until the project is commissioned. We also frequently receive requests from buyers to reduce the down payment, which can be either 10% or 50%,” the expert said.
The Kovalskaya Group’s internal installment plans offer a fixed price per square meter for up to five years with a down payment of 30% of the cost of the home. According to the company, an individual approach to the buyer’s needs is practiced.
“Installment plans have become more flexible: if a customer realizes that they will not be able to make monthly payments, we are open to dialogue and ready to work together to find a convenient solution. It is possible to agree on an individual schedule, for example, to increase the installment period, temporarily reduce the amount of payments with a subsequent return to standard payments, carry out restructuring, exchange an apartment for another area or in another construction project,” explained the developer.
The company “RIEL” in the second launch complex of the capital’s Brother project offers buyers to purchase housing in installments until the facility is put into operation in the second quarter of 2028, said Alla Chipak, coordinator of the sales departments of “RIEL” in Lviv. In addition, in some residential complexes, the down payment has been reduced to 10% of the apartment’s cost.
Given the popularity of the developer’s renovation option, Intergal-Bud also offers the possibility of paying for renovations in installments along with the apartment, said Anatoliy Kovrizhenko, sales director at Intergal-Bud.
According to the DIM group of companies, developer lending programs with extended installment terms are an alternative to state mortgage programs with loan amount limits. The company has its own financial programs, under which the down payment is 30% of the cost of the property, and the installment term is up to five years.
In addition, DIM offers a long-term installment program of up to 10 years.
“In early June, we launched a long-term installment program in hryvnia for a term of 10 years, with the possibility of early repayment, a fixed price in hryvnia, a fixed price per square meter in the contract, without reference to the exchange rate or market price increases, with a fixed interest rate of 10% per annum in hryvnia and a down payment of 30%. It was planned to launch as a pilot project for two months, to test it in large complexes of quarterly development such as Metropolis, Lucky Land, and Park Lake City. However, we received quite a few inquiries from buyers, which turned into real deals, so we continued the program until the end of the summer,” said DIM managing partner Alexander Nasikovsky.
In July 2025, Ukrainian citizens ranked fourth among foreign buyers of real estate in Turkey, according to data from the Turkish Statistical Institute (TÜİK).
Russian citizens were the leaders in terms of the number of properties purchased, with 315 transactions. In second place were Iranian citizens (152 transactions), followed by German citizens (135 transactions).
Ukrainians purchased 134 properties in July, which allowed them to take fourth place in the ranking.
Iraqi citizens closed out the top five with 120 transactions.
The top ten also included Azerbaijan (93 transactions), Kazakhstan (65 transactions), Saudi Arabia (64 transactions), Palestine (52 transactions), and China (51 transactions).
It should be noted that a month earlier, in June 2025, Ukrainian citizens ranked second in terms of the volume of housing purchases in Turkey, second only to Russians.
According to TÜİK, the Turkish real estate market continues to attract foreign buyers, but the distribution of leaders by nationality varies significantly from month to month depending on the tourist season, price fluctuations, and investment interests.
According to a recently published report by Deutsche Bank, the highest increase in rents for three-room apartments in European city centers between 2020 and 2025 was recorded in Southern and Eastern Europe, reaching 206%. These figures are from a study covering 67 cities worldwide, including 28 in Europe.
According to Eurostat, housing prices in the EU rose by 27.3% quarter-on-quarter (from Q1 2020 to Q1 2025), while rents rose by 12.5% between June 2020 and June 2025. However, growth exceeded the average in central city areas.
The most expensive and cheapest cities in 2025:
The highest rental growth (2020–2025):
Overall, the findings show that Southern and Eastern Europe have lost their relative affordability in terms of housing rentals, while the major financial and political centers of Western and Northern Europe remain the most expensive, but affordability in Eastern Europe is declining rapidly.
An overview of the property tax system in Poland for foreign citizens and expats
Interest in Polish real estate among foreigners, including Ukrainian expats, continues to grow. At the same time, it is important to consider the tax burden associated with both the purchase and ownership and sale of a home. In this article, we will look at the key taxes related to real estate in Poland, as well as the current rates and features for individuals.
– Tax on the purchase of real estate: tax on civil law transactions (PCC)
When purchasing secondary real estate (from a private individual), the buyer is required to pay PCC at a rate of 2% of the property value.
Example: an apartment for €100,000 — the tax will be €2,000.
If the property is purchased on the primary market (from a developer), PCC is not payable, but VAT is charged (usually 8% or 23% depending on the type of housing and area).
Up to 150 m² for an apartment or 300 m² for a house — 8% VAT
Above these limits — 23% VAT on the excess
The purchase is accompanied by notary fees: drawing up the agreement, entry in the land register, registration fees. The average amount of additional costs is about 2–4% of the purchase price.
– Property tax (Podatek od nieruchomości)
This is an annual local tax paid by every property owner. It is determined at the commune (municipality) level and depends on the size of the property.
Maximum rates in 2025 (set annually by the Polish Ministry of Finance):
Apartments and houses: up to PLN 1.15 per m² (≈ €0.27)
Land plots for residential purposes: up to PLN 0.70 per m² (≈ €0.16)
Example: a 60 m² apartment in Warsaw → tax ~ €16 per year.
Important: the rate is lower in small towns and closer to the maximum in the capital.
– Tax on rental income
If the property is rented out, the income is taxable. Individuals can choose one of the following schemes:
Market rate (general PIT scale): 12% up to PLN 120,000 of income per year and 32% on the excess (2025)
Flat rate (ryczałt): 8.5% on income up to PLN 100,000 and 12% on the excess
The ryczałt regime is popular among small landlords, especially for short-term rentals.
– Capital gains tax (on sale)
When selling real estate earlier than 5 years after its acquisition, there is an obligation to pay 19% capital gains tax on the profit.
Exceptions:
The tax is not payable if the seller has owned the property for 5 years or more.
Exemption is also available if the entire amount is used to purchase a new home or for construction within 3 years.
– Other costs and fees
Property maintenance: utility bills, repair and management fees (especially in residential complexes)
Garbage collection fee: set by the municipality, depends on the number of residents
Management company fees: from PLN 2 to PLN 4/m² per month (€0.5–1/m²)
The Polish real estate taxation system is moderate and relatively transparent. Particular attention should be paid to the PCC tax when purchasing and the obligation to pay capital gains tax when selling. For foreign investors and relocators, it is important to take into account the total tax burden in advance when planning a purchase or lease.
relocation.com.ua recommends consulting a Polish tax advisor or lawyer before entering into a transaction to avoid unexpected costs and optimize the tax consequences.
The indirect cost of housing construction in Ukraine in the second quarter of 2025 increased by 2.8% compared to the previous quarter and by 14.3% to the same quarter of 2024, it follows from the indices of indirect cost of housing construction in the regions of Ukraine approved by the Ministry of Development of Communities and Territories (Ministry of Development).
The relevant document establishes indirect indicators of the cost of housing construction, calculated as of July 1, 2025. According to it, the average indicator in Ukraine is 25.3 thousand UAH/square meter, while on July 1, 2024 it was 22.2 thousand UAH/square meter.
According to the Ministry, the indirect cost of construction of 1 square meter of housing in Kiev in the second quarter rose to 29.6 thousand UAH, in Kiev region – to 25.3 thousand UAH, in Lviv region – to 25.2 thousand UAH, in Zakarpattya region – 22 thousand UAH, Ivano-Frankivsk region – 22.8 thousand UAH, Odessa region – 24.3 thousand UAH, Dnipropetrovsk region – 24.6 thousand UAH. Also high indicators are set in Kharkiv and Donetsk regions – 26.6 thousand UAH/sq. m.
cost of construction, HOUSING, statistics by regions, UKRAINE
Foreigners’ interest in purchasing premium housing in Ukraine for investment purposes is gradually recovering, developers told Interfax-Ukraine.
“Interest from foreign citizens has recovered, and in some cases, such as our projects, the number of deals with foreigners exceeds the number of deals with Ukrainians. Our clients include Spaniards, Japanese, Canadians, and others who are investing in business and premium class properties with a clear focus on the future. They see potential in both long-term rentals and growth in value,” said Irina Mikhaleva, CMO of Alliance Novobud.
According to Susanna Karakhanian, sales director at Greenville, foreign clients are considering both investment purchases and homes for themselves, but are postponing their purchases until safer times.
“Interest from non-residents has partially recovered recently. We are seeing a trend where foreigners regularly visit apartments, but are not buying yet — deferred demand, waiting for stabilization in Ukraine,” she explained.
Although the apartments of the Odessa developer “Two Academics” are mainly purchased by local residents (up to 60% of customers), the share of deals with foreign investors has increased over the past year and a half, the company said.
“In terms of geography, 55-60% are local residents, in our case Odessa. Up to 30% are from other cities in Ukraine. However, over the past year, these figures have begun to change with the emergence of foreign investors. For the period 2024-2025, 35% of deals are being made with foreign investors: the UAE, Slovakia, Turkey, Italy, the US, Greece, Israel, and Romania,” said Maxim Odintsov, development director of the construction company Dva Akademika.
In addition, foreigners continue to show interest in Ukrainian residential projects where foreign companies are involved as partners, according to RIEL.
“We have projects that foreigners are quite interested in. For example, Maxima Residence has traditionally attracted foreigners, particularly Turkish citizens. This is because it is a joint project between RIEL and Turkish developer Bosphorus Development,” explained Zoryana Zemlinska, sales coordinator at RIEL in Kyiv.
At the same time, KAN Development noted that the share of foreigners among buyers remains insignificant, and demand for premium housing is largely recovering due to people who invested before the war.
“The share of foreigners among buyers remains insignificant. These are mainly those who are considering investing with the expectation of a minimal cost of entry into the market,” the developer’s press service said in response to a request from Interfax-Ukraine.
According to Alexander Nasikovsky, managing partner of the DIM group of companies, Ukrainians who have been living abroad for a long time have appeared in the structure of demand for premium housing.
“We are observing the following trend: some buyers who have free funds are deliberately not taking them abroad, but are ‘parking’ them in real estate with a view to future price growth and preservation of asset value. As for foreign citizens, we do not see any activity on their part for reasons that are understandable to everyone. However, there is a small share of Ukrainians who have been living abroad for a long time,” the businessman noted.
