Investment Property in Zhytomyr

Invest in Real Estate in Zhytomyr

Zhytomyr property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Zhytomyr .

Search Map of Zhytomyr Investment Real Estate

Zhytomyr (Ukrainian: Жито́мир, romanized: Zhytomyr [ʒɪˈtɔmɪr]; Russian: Жито́мир, romanized: Zhitomir [ʐɨˈtomʲɪr]; Polish: Żytomierz [ʐɨˈtɔ.mjɛʂ]; Yiddish: זשיטאָמיר, romanized: Zhitomir; German: Schytomyr [ʒɪˈtɔmɪʁ]) is a city in the north of the western half of Ukraine. It is the administrative center of Zhytomyr Oblast (province), as well as the administrative center of the surrounding Zhytomyr Raion (district). The city of Zhytomyr is not a part of Zhytomyr Raion: the city itself is designated as its own separate raion within the oblast; moreover Zhytomyr consists of two so-called “raions in a city”: Bohunskyi Raion and Koroliovskyi Raion (named in honour of Sergey Korolyov). Zhytomyr occupies an area of 65 square kilometres (25 square miles). Its population is 261,624 (2022 est.)

Zhytomyr is a major transport hub. The city lies on a historic route linking the city of Kyiv with the west through Brest. Today it links Warsaw with Kyiv, Minsk with Izmail, and several major cities of Ukraine. Zhytomyr was also the location of Ozerne airbase, a key Cold War strategic aircraft base 11 kilometres (6.8 miles) southeast of the city.

Important economic activities of Zhytomyr include lumber milling, food processing, granite quarrying, metalworking, and the manufacture of musical instruments.

Zhytomyr Oblast is the main center of the Polish minority in Ukraine, and in the city itself there is a Latin Catholic cathedral and large Roman Catholic Polish cemetery, founded in 1800. It is regarded as the third biggest Polish cemetery outside Poland, after the Lychakivskiy Cemetery in Lviv and Rasos Cemetery in Vilnius.

The financial stability of Zhytomyr has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Zhytomyr

Renting out your Zhytomyr buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Zhytomyr are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Zhytomyr and be prepared to change your initial outlook.
Thoroughly research the Zhytomyr location with a special emphasis on fringe areas outside the main Zhytomyr metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Zhytomyr.
Ensure that your target investment property in Zhytomyr appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

With our expert guidance, investing in Zhytomyr provides the secure knowledge that your money is working harder than it would in a local Zhytomyr bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Zhytomyr, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Zhytomyr property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Zhytomyr

Flipping property in Zhytomyr

Flipping property is when we advise clients to buy a Zhytomyr property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Zhytomyr market has a time to react to the renovation.

The Flipping Strategy in Zhytomyr

Investment property flipping in Zhytomyr is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Zhytomyr real estate investments are sometimes referred to by professionals as ‘distressed’ Zhytomyr real estate.

What is distressed Zhytomyr property:

Zhytomyr property in need of renovation
Zhytomyr real estate with a change of purpose and use
Oversold Zhytomyr property
Bank repossessions in Zhytomyr

Put simply, long term investors in Zhytomyr purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Zhytomyr investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Zhytomyr property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Zhytomyr use a minimum profit value of 22% when looking at potential Zhytomyr projects.

The reason for this is because there are lots that can go wrong in Zhytomyr property flipping and working on a potential margin of 22% should still leave a good margin of error.

Invest through a Fund in Zhytomyr

Property Secured Investments is a Private Equity fund that invests in Zhytomyr and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Zhytomyr

For luxury property investors hoping to add a superb property in Zhytomyr to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Zhytomyr, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Zhytomyr should be entrusted to only the highest-quality agency.