Yields in Ukraine are high at 8.8% on the average. By Global Property Guide estimates, yields in Kiev range from 6.9% - 10.2%. The average price per square metre (sq. m) of apartments is around €2,930.

"In the majority of cases people invest their money in apartments being built exclusively for further sale and resale to turn a profit, rather than to live in them," says Serhiy Zakharin of the Institute of Economics and Forecasting at the national Academy of Sciences.

The beginning of the real estate boom coincided with the stabilization of the currency. Zakharin suspects that there is a "currency turn" to be made out of buying new property in local currency, and reselling in dollars.