Videos · Kyiv neighbourhoods and streets
Real Estate Investments - Kyiv, Ukraine, Podil (Podol) Area: Is It Worth It?
2:50 · 2020 · Sean Almeida
Sean Almeida's case against buying in Podil, as he saw it in 2020. Podil sits a few metres above sea level and has flooded before. Old tram tracks tear up the roads, and some buildings have water and electricity problems. Few embassies are there, so the high-budget tenants who rent in the historic centre rarely live in Podil. His timeline: five to ten years for Podil to improve, against three to five years in the Golden Gate area. If you can afford the historic centre, he says, buy there.
Questions this video answers
Is Podil a good place to invest in Kyiv real estate?
Sean's view in 2020: if you can afford the historic centre on higher ground, it is the better investment. Podil is up and coming, with artist spaces and bars, but he gives several reasons for caution.
Sean Almeida, as said in 2020 · watch at 0:33
What problems does he see in Podil?
The area sits only a couple of metres above sea level and has flooded several times. Old tram tracks can tear up the roads, and some buildings have water or electricity problems linked to the high water level.
Sean Almeida, as said in 2020 · watch at 0:38
Who rents in Podil?
Sean says the high-budget tenants who rent in the historic centre, such as diplomats, mostly do not live or work in Podil. He counts maybe three embassies there, so the budget range is more limited.
Sean Almeida, as said in 2020 · watch at 1:45
How long should an investor plan to hold?
Sean says five to ten years in Podil, because of the infrastructure issues, against three to five years in the Golden Gate area.
Sean Almeida, as said in 2020 · watch at 2:26
Laws, prices and rules change. These answers describe what was said in 2020; check current conditions before you act.
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