The Ukraine may be an unlikely destination as the newest property hot spot with its long, snowy winters but that’s precisely why you should invest now says overseas investment property specialist, David Stanley Redfern Ltd.
“We’ve seen prices rise in similar countries such as Bulgaria meaning it’s already too late to get in at the beginning of the property market for ski property. The Ukraine is the next best thing however as its ski season is long and resorts such as Slavsk in the Carpathian mountains attract a cosmopolitan crowd of Ukrainian, Russian and Polish tourists.”
With property prices low ahead of a 10% developer rise as construction enters the next phase on 1st August, the Eagle Valley Mountain Resort is proving a popular choice with savvy investors. More than half of the studio and one-five bedroom apartments have been sold, with construction due for completion in December 2009.
Historically a wealthy country, the Ukraine economy is resurgent thanks to an average capital growth of 25%, with more expected in prime areas such as cities and resorts. Buying costs are low (3% on off-plan property) as are taxes.
“All in the all the Ukraine is perfectly poised to take the international property market by storm,” said David Redfern. “The Slavsk ski resort is oversubscribed. Basic rooms with no en-suite facilities are rented for over 100 dollars a night in peak season, leaving a demand for quality and affordable accommodation.”
Situated on an imposing site overlooking Slavsk resort with a mountain river flowing near by, the Eagle Valley Mountain Resort boasts that most valuable of commodities – guaranteed, picture perfect views. Due to the elevation of the site, each property looks out over the mountain ranges to the ski slopes. The developers have leased the parkland in front of the resort for half a century, ensuring unobstructed views for all property owners.
The buying process in the Ukraine is well developed, despite the fledgling status of its property market. Foreigners are not restricted in their purchase and resale of land and property for investment purposes.
To view images of investment property in the Ukraine and for full specifications, visit www.davidstanleyredfern.com
Subscribe to:
Post Comments (Atom)
1 comment:
The more conventional approach to commercial Off plan property is a "buy and hold" strategy. You buy the property, invest in improvements, and bring in tenants who bring a good revenue stream with them. A general rule of thumb is that the revenue stream should be at least 20% greater than the monthly costs of maintaining the property, including labor, periodic fixes for damages, expenses incurred in moving tenants in and out, plus any finance charges on your money and depreciation and wear and tear.
Post a Comment