Business news from Ukraine

Number of state registrations of real estate in first quarter increased by 38%

The number of registration actions in the field of state registration of rights to real estate in the first quarter of 2024 by 38%, and in the field of business – by 23%, said the head of the Office of counteraction to raiding of the Ministry of Justice Viktor Dubovik.
“Starting from 2020, I am of the opinion that the number of registration actions is one of the important indicators of economic activity in the state. Because the majority of registration actions are revenues to the budget in the form of administrative fees, the emergence of new rights and obligations of citizens and businesses, as well as the presence of demand for the services of notaries and state registrars,” his words are quoted on the website of the Ministry of Justice.
Dubovik specified that for the first three months of 2024 was made 2 million 605.73 thousand registration actions on the real estate and 263.48 thousand – on business, while for the same period in 2023 – respectively 1 million 887.60 thousand and 214.26 thousand.
At the same time, according to his data, the number of complaints received by the Office in the field of real estate increased even more significantly – up to 699 from 290 in the first quarter of last year, while in the business sector the situation, on the contrary, improved: the number of complaints decreased to 115 from 119.


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Buying and selling real estate in Poland: Wroclaw, Krakow and Warsaw

Poland is becoming an increasingly popular destination for real estate investment among foreigners. This is due to economic stability, a growing real estate market and attractive prices. In this article, we will look at the peculiarities of buying and selling real estate in three key Polish cities: Wroclaw, Krakow and Warsaw.

Wroclaw: The city of a thousand bridges

Buying real estate in Wroclaw

Wroclaw, with its rich history and cultural heritage, is one of the most attractive cities for investment. Buying real estate in Wroclaw offers a variety from historic buildings in the city center to modern apartments in new residential complexes.

– Prices: The average price per square meter in Wroclaw ranges from 7000 to 11000 PLN, depending on the neighborhood and the condition of the property.
– Buying process: The process begins with selecting a suitable property, checking its legal purity and finalizing the transaction through a notary.

Additional costs such as purchase tax (2%) and notary fees should also be taken into account.

Real estate for sale in Wroclaw

Selling real estate in Wrocław can be profitable, especially if the property is located in a prestigious area or has unique characteristics.

Preparation for sale: It is important to properly prepare the property for sale by making the necessary repairs and putting it in an attractive condition.

Marketing: Effective marketing, including professional photos and advertising on popular platforms, can significantly speed up the sale process.

Krakow: The cultural capital of Poland

Buying real estate in Krakow

Krakow is known for its old town and universities, which makes it attractive for students and tourists. Buying real estate in Krakow can be a great investment for both living and renting.

– Prices: The average price per square meter in Krakow is between 8000 and 12000 PLN.
– Buying process: Buying real estate in Krakow requires a thorough check of the documents and the legal purity of the property. Notary fees and purchase tax should also be taken into account.

Selling real estate in Krakow

Selling real estate in Krakow can be particularly lucrative due to the constant demand from students and tourists.
– Preparing for the sale: Before putting a property up for sale, it is important to assess the market value and, if necessary, improve the condition of the property.

– Marketing: Placing ads on popular websites, using social media and professional photography will help attract more potential buyers.

Warsaw: The capital and economic center of Poland

Buying real estate in Warsaw

Warsaw, as the capital of Poland, attracts investors from all over the world. Many international companies have their headquarters here, which makes the real estate market very active.

– Prices: The average price per square meter in Warsaw varies from 9000 to 15000 PLN.
– Buying process: Buying real estate in Warsaw requires attention to detail and legal aspects. It is recommended to use the services of professional realtors and lawyers.

Selling real estate in Warsaw

Selling real estate in Warsaw can be very profitable, especially in central areas and areas with good infrastructure.

Preparation for sale: High-quality preparation of the property, including renovation and decoration, will help to increase its attractiveness.

– Marketing: The use of various marketing channels, including online platforms and social media, will help to reach a wide audience.

Buying and selling real estate in Wroclaw, Krakow, and Warsaw has its own peculiarities, but in all cases it is important to take into account legal aspects, market trends, and effective marketing strategies. Whether you are looking for a home for yourself or an investment, Poland offers many opportunities for successful real estate transactions.

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Demand for land and real estate in Ukraine increased 1.5 times – statistics

Land plots are being bought even more than in 2021

Ukrainians began to buy and sell land and real estate more actively in the first quarter of 2024, according to the Unified Register of Notarial Forms of the Ministry of Justice. Over 185,000 land alienation agreements were registered during this period. This is 36.4% more than before the full-scale invasion. And alienations of other real estate increased by 55% – but this is still less than in 2021.

In 2024, Ukrainians are more likely to sell or transfer land to other ownership. In particular, 185 thousand land alienation agreements were drawn up by notaries in the first quarter of 2024. This is 56% more than in the same period last year: then notaries certified almost 119 thousand such forms.

The number of such agreements is already a third higher than before the start of the full-scale war. Back then, in 2021, more than 136 thousand land alienation agreements were formalized.

At the same time, the number of alienations of real estate other than land has increased by one and a half times this year. Thus, in the first quarter of this year, notaries certified more than 181 thousand such forms. For comparison, in the same period last year, there were almost 117 thousand such transactions.

However, this is still 16% less than before the full-scale campaign began: just over 216 thousand forms were used for land alienation.

It should be noted that one notarial act does not always require only one notarial form. Accordingly, the number of actions is approximate and is compared to previous years.

It should be reminded that the total number of notarial forms used last year increased by 2.6 million) , but still remains lower than before the outbreak of full-scale war.

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Spain plans to cancel visa program in exchange for real estate investments

The Spanish government intends to cancel the program that provides foreigners with “golden visas” in exchange for real estate investments, the Financial Times reports, citing a statement by Spanish Prime Minister Pedro Sanchez.

Currently, citizens of non-EU countries can obtain a Spanish residence permit for a period of three years by investing at least EUR 500 thousand in real estate in the country.

The abolition of the program will improve the situation with the availability of housing in Spain, Sanchez said.

“Currently, 94 out of 100 of these visas are issued for real estate investments in large cities that are already facing a very difficult market. Those who already live there, work and pay taxes, can hardly find decent housing,” the prime minister said.

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“Intergal-Bud” has commissioned two houses in Kiev

“Intergal-Bud” has received certificates of commissioning of the first house of Residential Complex CITY HUB and the tenth house in Residential Complex “Nivki Park”, the press service of the company reported.

According to the data of the Unified State Electronic System in the sphere of construction, in the commissioned first house of Residential Complex CITY HUB – 255 apartments, in the tenth house of Residential Complex “Nivki City” – 283 apartments.

Intergal-Bud” reminds that the certificate of construction completion is the basis for participation of the object in the state programs “єOsela” and “єVidnovlenia”.

CITY HUB is a business class project located in Solomenskyi district of the capital, on Mokra Street (Kudryashova Street), 8-10. The residential complex will have two houses, which are united by a stylobate, under which there is a large parking lot for 300 cars.

LCD “Nivki Park” at 67 Beresteisky Ave. is a comfort class project, 12 residential buildings with height of 12, 16-17 floors, 2931 apartments in total. The complex includes an underground parking lot for 580 parking spaces.

The construction company “Intergal-Bud” has been working in the market of residential real estate since 2003. The company has built 170 houses, 20 residential projects are at the stage of realization. The total area of the projects is 4.6 mln sq. m.

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REITER HALL by NEST developer received outstanding award

The REITER HALL project by NEST developer was awarded in the category “Historic Environment Renovation Project” at the UKRAINIAN SPECIAL BUILDING AWARDS IBUILD 2023.

IBUILD is the main construction award in Ukraine, which recognizes the best representatives of the construction industry – companies that have survived in the market, support the economy and contribute to the reconstruction.

This award is a recognition of the company’s philosophy, as NEST cares about the history of Kyiv and contributes to its preservation. NEST developer builds professionally and responsibly today, and creates real estate that will become a real landmark of the city in the future.

REITER HALL will become the future center of the city, where the past meets the future, creating a unique cultural space for the development of the boldest ideas of many generations of Kyiv residents.

Special attention was paid to the idea of REITER HALL, where, in addition to Ukrainian architects, a well-known Swedish architectural firm worked, because Sweden is rightly called one of the models of modern city planning – streets, public spaces and architecture. They like to turn such objects into comfortable spaces for their contemporaries. And medieval castles harmoniously coexist alongside masterpieces of modern architecture.

Another similar project of the developer is the HILLFORT Business Mansion, which also received a valuable award on December 11, 2019, and won the “Discovery of the Year” category in the “Best Historic Environment Renovation Project” nomination.

Each object of the NEST developer is valuable both now and in the future, as it is an architectural art.

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