Changing the registration process for primary market real estate

Ukrainian Government plans to introduce a general register of new buildings by the end of 2020. Now developers will be able to start sale only registered apartments.

Such changes were initiated to protect investors and solve the problem of double sales of apartments in the primary market, said the representative of the Cabinet of Ministers in the Verkhovna Rada, Olena Shuliak.

The deputy said that it is quite realistic to ban illegal construction in Ukraine.

Under the new rules, the developer first receives all permits and then adds them to the registry. Each apartment is also separately registered.

New City Developers support the change initiative. Such innovations will help Ukrainians to invest in real estate without risk, and the registry should solve the problem of “add-ons”. Also, electronic registration will give you access to real estate market analytics.

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