Changes In The Ukrainian Real Estate Framework For 2014

Ukrainian law is rapidly evolving to catch up with international standards in the real estate market.

Ukraine is among the top 10 most attractive countries in the world for purchasing land, according to the WTO World Trade Report 2013. Implementation of this and much more potential largely depends on the Ukrainian legal framework. Its developments are outlined below.

Development of registration system

The main advancement for 2014 derives from the new system of state registration of real estate rights in Ukraine. Introduced in 2013, the new system has completely overhauled the mechanism of creation, alteration, and termination of real estate rights.

As a going concern, the registration law is now extensively tested in practice. To this end, it has been undergoing numerous developments. Some of them are essential but may still be in a draft law awaiting adoption. Relevant amendments include: