Buying a house in Ukraine

I found this on another site and thought it would fit nicely on our blog.

I have just over 10 years till I will retire and will spend half a year in Ukraine. Prices of property, house/apartment can depend on where you are from. As with most country’s the economy in Ukraine is not in great shape so the price of housing is slipping. You will be told the price is on the rise and it is a great investment. Foreigners are charged a premium for any housing purchase. The going rate in Kyiv is around 1300 m2 but advertised for 2000 or more. Older houses that need updated should run around 900 or under. I prefer Crimea or as it is called Krym, prices are still fairly low. I will update as the hunt continues. I have found a few places on the web were they offer property at what is normal pricing for locals. Most sites that locals use to start getting an idea about what to buy are in Russian, some do not translate if you try any of the translate page software. A lot of the information about the direction of the real estate market is outdated by a couple years. The market in Ukraine was thriving a few years ago and owners were reluctant to sell at a price people were willing to pay. Foreigners would on occasion still pay a premium fueling the outlandish pricing advertised on the internet. I have found that the advertised price in Russian versus what is advertised on predominantly English speaking web sites can be as much as double. If you are willing to take a risk on a new project under development you have a good chance of making some money if you decide to sell upon completion, it can be risky tho as there are plenty of scammers out there. from Lesonlife.com

This article is being updated as his search continues.