PBB Research · October 2026 · 16 pages

Ukraine income real estate 2026

Demand, supply, realistic yields, risks and an audit of 18 project websites.

86%of projects are in three western oblasts

~7%realistic yield for new apart-hotels

4 of 18projects explain how their return is calculated

Key findings

Around 130 income projects in September 2026, 86% of them in three western oblasts.

Ads promise 10–15% a year; operators speak of about 6–8% for new projects and 5–7% in the first years.

The real competitor of a unit is a deposit or a REIT: UAH 1.55 trillion in deposits and REIT entry from UAH 1,000.

14 of 18 projects state a return; only 4 explain the occupancy, rate and costs behind it.

More research

Segments, daily rates, geography, three market gaps and operating principles for new projects.

Market structure, net yields after tax, entry tickets, risk and liquidity, and why projects fail to raise capital.

Dubai, Abu Dhabi and Ras Al Khaimah: market, yields, players, risks and an audit of 17 projects.