Why is Ukrainian Real Estate Sold in Dollars?

Ukrainian Real Estate Transactions Primarily in US Dollars: An Interview with Dzjubak Alex Kyiv, Ukraine – In a recent video posted online, Dzjubak Alex, a Ukrainian real estate expert, sheds light on the prevalence of US dollar transactions in the Ukrainian property market. Alex, who has a significant online following, explains that this practice is widespread, regardless of the property type or size. "All cars are sold in dollars, not in euros or hryvnias," Alex states in his video. "Houses, townhouses, land plots – all in dollars. It's just how it's established." He further elaborates on the pricing of smaller projects, stating, "Even for something like a pool, I immediately give the price in dollars." Alex's explanation highlights the complexities of the Ukrainian economy, where the US dollar often serves as a more stable currency for large transactions. His comments offer insight into the challenges faced by those navigating the real estate market in the country. The preference for USD transactions suggests a degree of uncertainty surrounding the local currency, the hryvnia. This practice, while common, underlines the ongoing economic impact of various factors on the Ukrainian economy.