Should I buy or rent a home in Ukraine?

If you have not spent a lot of time in Ukraine, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"We moved in with my Ukrainian mother-in-law, into her two-bed apartment. I invested time and money refurbishing the place. I agree to pay all the bills which, for the three of us, averages at 750 uah per month (£20.50). We are thinking about buying a house in one of the surrounding villages, which is a good option if you drive. You can pick up a 3 bed house relatively cheaply, and it's great to have your own "dacha" in the summer near a river of forest," commented one expat who made the move to Kharkov, Ukraine.

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"Buying a home in Ukraine can be a great investment, as the country is experiencing a period of economic growth and stability. However, it is important to consider the cost of living in Ukraine, as well as the availability of financing options, before making a decision. Renting a home in Ukraine can be a more affordable option, as it allows you to enjoy the benefits of living in the country without the long-term commitment of buying a home. Additionally, renting can provide more flexibility if you are unsure of how long you will be staying in Ukraine. Ultimately, the decision to buy or rent a home in Ukraine should be based on your individual needs and preferences," remarked another expat in Ukraine.

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Should I buy or rent a home in Ukraine?

If you live in Ukraine, newcomers to Ukraine would love to hear your answer to this question.

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.