How Much Does Ukraine Earn From Football Fans And Why Is There Not Enough Real Estate For Tourists?

Ukraine was a host of Euro-2012, a major international football event, which brought internal investments of around 5 billion dollars to build infrastructural objects. There were also other football events hosted by Ukraine in the years after. But Ukraine is also a general tourist destination, which annually welcomes approximately 14 million tourists (before Covid-19 corrections). Some numbers about tourist flow are shown in the table below so you can become acquainted with the numbers yourself (according to official statistics):

Although statistic shows pretty humble incomes per 1 tourist, market experts (including us) believe that real numbers are up to 10 times higher – it is hard to precisely calculate the sums since much money is received by a “private business sector”, which isn’t willing to expose the incomes received from tourists in cash. That, surely, includes incomes from the real estate rental business, which is still in the shadow in Ukraine.

Real estate in Ukraine

Only a tiny fraction of international and internal tourists book hotels – it is always far cheaper to rent some private house or apartment for a several-day vacation. Especially given that hotels raise the cost of living in their rooms by 100%-500% when a major tourist inflow is expected, which’s connected to some international event, would it be football or anything other.

Thus, the market of Ukraine still experiences a large shortage of privately owned real estate objects to cover the tourist needs. Although around 4.5-5 billion dollars are the value of newly commissioned objects of real estate construction in Ukraine nearly every year, there is still a huge void to fill in (as you can see yourself that tourists generate only a small share of GDP). In 2021, the construction of new real estate objects grew by 20% compared to 2020 and it is expected that the numbers for 2022 will be approximately at the level of +10% (2022/2021).

The lion’s share of the commissioned objects is made of apartments in many-story buildings. And this niche is one of the most growing in price and profitability in Ukraine in 2020 and 2021. We have explicitly shown in our previous articles that the recoupment term for an average rented apartment in Ukraine’s capital Kyiv is from 7 to 13 years, which is far better than in the US and most of “old” Europe.

Real estate investing company opportunities

Our investment company is a market expert. We have been working on the local Ukrainian market for over a decade. Some of our management and leading brokers have 15+ years of hands-on experience, successfully concluding thousands of deals, helping hundreds of clients from all over the world to invest in attractive handpicked objects with the best profitability and ROI numbers.

So if you’re currently looking for a promising and actively growing market, turning your head away from stagnating “standard” and “old” markets, then Ukraine is exactly what you need in 2021 and 2022.

You can find on our website several attractive objects for investments, which bring profit up to 15% ROI annually, with the prices starting with just $85,000. Working with us, you receive a possibility to pay for your investment objects in installments and you always receive comprehensive and thorough advice & support at all stages of every deal.

Conclusion on owning rental property in Ukraine

In a Covid-struck world, investment opportunities significantly shrank and only a handful of countries remain attractive from this point of view. Ukraine keeps receiving tourists from over a hundred countries in the world. The countries-leaders in the provision of tourists are Moldova, Belarus, Hungary, Poland, Romania, Slovakia, Israel, Turkey, Germany, and the US. Since they all need to live somewhere during their travels and most hotels are too unsatisfactory in the price/service ratio, you can earn on letting the apartments and detached houses for these people, as well as for regular long-term hirers.

So if you’re interested in accumulating wealth with low risk, increasing your capital at least threefold in a 25-30-year perspective to leave a lavish fortune to your children and grandchildren, then paying attention to Ukraine is a wise decision. Working with such a trustworthy real estate agency as ours, you’re legally protected and can enjoy your life, leaving the mundane chores or running your real estate portfolio to our management company.