How is the process of buying residential real estate going now?

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17.07.2023 19:09 522

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Photo of 30.09.tana2002 Tatіana Mazur

On April 19, 2022, the Cabinet of Ministers of Ukraine adopted Resolution No. 480 "On Amendments to Certain Resolutions of the Cabinet of Ministers of Ukraine Regarding the Activities of Notaries and the Functioning of Unified and State Registers Maintained by the Ministry of Justice in Martial Law." Voa made some changes and innovations.

Regarding the purchase and sale of real estate, it is worth paying attention to the following changes:

  1. Notarial acts regarding valuable property (private and commercial real estate) are performed exclusively by notaries who meet specially defined criteria (clause 9 of Resolution of the CMU No. 480) and are included in the List of notaries who perform acts regarding valuable property under martial law - https: //minjust.gov.ua/m/perelik-notariusiv-yakimi-v-umovah-voennogo-stanu-vchinyayutsya-notarialni-dii-schodo-tsinnogo-mayna.

  2. The sale of private or commercial real estate is impossible within one month from the date of state registration of ownership of such real estate. Exception: Real estate acquired by inheritance or as a result of determining the size of the shares in the right of joint partnership property

  3. The sale of real estate by an individual on the basis of a power of attorney is prohibited. This means that only the owner can sell private or commercial real estate. Please note that this restriction does not apply to the purchase of real estate by an individual, as well as to legal entities (for example, a real estate purchase agreement can be concluded on the basis of a power of attorney of the head of a legal entity in case of his temporary absence).

  4. The purchase and sale of real estate in the territories included in the List of restricted access territories is prohibited.

And yes, in general, the procedure for buying real estate has not changed.

18.07.2023 08:24

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