Re: buy a house in crimea


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Posted by mseidner on February 12, 2005 at 04:58:33:

In Reply to: buy a house in crimea posted by Steve b on February 11, 2005 at 05:14:16:

Hi Steve,
Can't comment on Sudak, but I can on sevastopol.
First, make sure you understand what you're getting into! In most areas, utilities will be intermittent, which is a big annoyance, usually the further you are from downtown areas the worse it gets. You need to factor this in, and depending on your tastes you may want to build redundant or backup systems. The real estate costs in sevastopol fall pretty quickly the further out you go, if you extend your range a bit more to say 40 min from Sevastopol, you can buy a basic dacha (15 sotek) with water/electricity/gas connections for under 5,000 USD!!! however, this will not likely have indoor plumbing or toilet. You could buy such a property and then spend maybe another 10-20 thousand USD to fix it up. It won't be fancy (not even close!!), but it will be "cozy". One consideration for you, what will happen to this property if you're not there, vandalism/burglary is pretty common here. It's possible to buy small dachas 20 min from downtown Sevastopol for under 3,000 USD but they usually won't have gas connections. Utility rates are a real bargain here, for example for a 4,000 sq/ft house expect to pay about 50 USD/month in the winter(for all gas/electr/water/), gas is the cheapest and most reliable heating source here. As far as taxes go, there's a small tax (I think 2%) that the buyer pays when purchasing, you have some costs for registering and so on, but no property tax like in the US or Council tax in Britian. As for me, I've built two properties here, one 4,000 sq foot house, I acquired the land by buying two neighboring dachas, total area 40 sotek, my total cost was about 40,000 USD, we use this as our "farm", and we "built" a 2,100 sq foot apartment near the beach and chersonnes for about 100,000 USD. I like living here, especially since I can walk to the beach in under 5 minutes, the other benefit of living here is that it's much easier to just spontaneously go somewhere in Europe, even by train if you like!!! A lot better than the marathon flites we used to have to endure from California!!!. BTW, you want to check out a web site called "www.meta-ukraine.com", this is a search engine for ukraine, which has a section for real estate agents in ukraine, looking through the long list of agents listings will give you some feel for the market here.. Good luck!!!!

mark seidner sevastopol, ukraine


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