Ukraine:

Hotspots

Property investment hotspots in Ukraine

Contents

Kyiv (Kiev)

Kyiv is the capital of Ukraine and with 2.7 million inhabitants it is the country's largest city and also one of the oldest cities in Eastern Europe. Kyiv is a very important major city, especially for tourism, as it has many transportation routes out of the city to almost every other part of the country. The city itself has many attractions such as Khreschatyk Street. This modern and developed part of Kyiv is currently the centre for business in the city. Khreschatyk offers many up market restaurants, cafes, bars and shopping stores, and the street is closed to traffic on bank holidays and weekends. Another fascinating tourist attraction is the cave monastery Pecherska Lavra and the St. Sophia Cathedral which form two of the most important historical sites in Kyiv.

Lviv

Lviv is located in the western part of the Ukraine and is in an easily accessible location with an international airport close to the city. A few of the well known attractions include Lychakivskiy cemetery, the market square and Lviv theatre. In particular the Bania, a Russian style sauna for both men and women (though not communal) is definitely somewhere to visit. As well as being in close proximity to some of Ukraine's ski resorts, Lviv has a thriving nightlife, food is inexpensive and accommodation is cheap making this an ideal getaway.

Odessa

Situated next to the Black Sea and one of its largest ports, this colourful city is also known as 'the pearl of the black sea'. Odessa is the third largest city in Ukraine and is the most important trading city in the country. Having undergone infrastructure improvement it is much more easily accessible to holidaymakers. The city has many beaches which are very popular during summer months and has the most resorts in Ukraine offering plentiful types of accommodation and a variety of different kinds of food. As its popularity increases, so too do the number of jobs available meaning increasing numbers of Spaniards are now moving to the city. Short to medium term gains are therefore quite attractive.

Yalta

Yalta is a resort town on the Crimea peninsula in Southern Ukraine. It is a very popular tourist destination with Ukrainians and Russians and can become very crowded in the summer months. The Ali-Petri, or St. Peter's Peak as it is also known, is worth a visit as the mountain looks over the city of Yalta and offers some amazing views. Other areas of interest include the Massandra palace and the Nikita Botanical gardens. There is a local pebbled beach which is very busy during the tourist season. Yalta has many day trips to neighbouring towns and cities such as Sevastopol, famous for its historic monuments and sites. Property prices are rising in this area but are still affordable and properties are likely to be attractive to Ukrainians and Russians looking for holiday homes.

Mykolayiv

Mykolayiv is home to Ukraine's major commercial sea port. Although there are no regular ferries available to the public, the city is served by the Odessa airport. The best way to get around the city is by coach buses which travel almost everywhere and are inexpensive. Sovietskaya is the main pedestrian street which has many beautiful parks and lots of shopping opportunities. The street also comes alive in the evening offering a variety of nocturnal experiences. There are several places to eat and a majority of the food is organically produced. Mykolayiv has a lively nightlife with many of the nightclubs cheap by western standards.

Uzhhorod

Separated into two parts by the river Uzh, Uzhhorod is popular with historians. The Transcarpathian museums, Uzhhorod castle and Greek Catholic Church are amongst its attractions and the city is also famous for its old downtown and the Goranska Rotananda, the town's oldest building. The city has an established railway station and busy international airport and further development is taking place on the transportation infrastructure.

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