Videos · Investing in Kyiv real estate
Who rents your Kyiv apartment: diplomats, NGOs and business expats
3:42 · 2020 · Sean Almeida
Who should an investor rent to? Sean Almeida ranks the tenants of central Kyiv, drawing on eight years of experience. First, diplomatic missions: they stay through crises, fix the rent in dollars or euros, and stay two to three years, sometimes four or six. Second, aid and technical-assistance organisations such as the Red Cross and Doctors Without Borders: smaller budgets, many more of them, often young couples. Third, business expats: generous budgets in good times, but they follow the economy. His rule is to know who your tenant will be before you buy.
Questions this video answers
Who are the most reliable tenants for an apartment in central Kyiv?
From eight years of experience Sean ranks diplomatic missions first, aid and technical-assistance organisations second, and business expats third.
Sean Almeida, as said in 2020 · watch at 1:03
Why are embassies and delegations such good tenants?
They stay through crises, often fix the rent in dollars or euros so they can budget, and stay long: usually two to three years, sometimes four or even six. Their funding does not rise and fall with the local economy.
Sean Almeida, as said in 2020 · watch at 1:12
What about aid organisations and business expats?
Organisations like the Red Cross and Doctors Without Borders have smaller budgets but there are many of them, often with young couples. Business expats can pay generous budgets in good times but follow the economy, so their demand is less stable.
Sean Almeida, as said in 2020 · watch at 1:30
Should an investor know the tenant before buying?
Yes. Sean says the profile and budget of the likely tenant should be known before you buy, because that decides what you can charge. It is block by block and street by street in the city.
Sean Almeida, as said in 2020 · watch at 0:18
Laws, prices and rules change. These answers describe what was said in 2020; check current conditions before you act.
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