Is it possible to legally buy and sell real estate in Ukraine at this time?

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Are the registries open? In February, all buying and selling transactions were prohibited.

02.07.2023 20:42 375

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Photo of lorina200215 Lorina Fedan

In the third month of Russia's war against Ukraine, the government opened up the opportunity to conclude deals on the real estate market again. The Cabinet of Ministers opened access to the registers, but additional conditions appeared during the conclusion of purchase and sale agreements. The government allowed the registration of property sales agreements, albeit with several restrictions.

The most important of them is that within 30 days after the registration of the property right, no actions can be taken, in fact, with the real estate. This is done to prevent fraud. Also, the Cabinet of Ministers banned the purchase and sale of housing by power of attorney. This will actually deprive those citizens who have moved abroad of the opportunity to sell their apartments or houses.

Notarial certificate of the contract on alienation of real estate, mortgage on the establishment of trust property:

  • will be carried out exclusively at the location of the real estate (except for that located in Kyiv or the Kyiv region);

  • will be carried out only by a notary whose workplace (office) is located in the city of Kyiv or the Kyiv region - on real property located in the city of Kyiv or the Kyiv region, at the location of such property, or at the location of a legal entity, or at the registered location of a natural person - one of the parties to the relevant contract.

03.07.2023 10:15

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