New Legislation Targets Ukraine's Real Estate Agents
A dedicated parliamentary working group, led by MP Olena Shuliak, has begun drafting a law to regulate Ukraine's real estate services market, which currently operates without clear standards. The group, formed under the parliamentary committee on state governance, is expected to take roughly a year to complete its work. This move follows broader European trends toward professionalizing the property sector.
Currently, the Ukrainian market lacks defined operational rules, transparent contract requirements, and a clear service fee structure. As Olena Shuliak noted,
"Ukraine has no clear standards for realtor work, transparent contract requirements, or a comprehensible service cost structure. Furthermore, there is no precise data on the number of professionals in this field or a systemic understanding of service quality."
Proposals from the Working Group
Initial attempts to regulate realtor services were part of a wider housing policy reform. Relevant provisions were included in the final clauses of draft law No. 12377, which came into force in February 2026. The lack of precise data on the number of people working in real estate services underscores the need for a systemic regulatory approach.
The working group includes market representatives, experts, and industry associations. Olena Shuliak emphasized:
"Our task is to develop a viable regulatory mechanism without monopolistic abuses or coercive schemes."The group is expected to work on proposals for several months, though preparing a balanced document may require about a year.
It is also important to note that financial transaction checks for real estate deals apply to transactions valued at 400,000 hryvnias or more. This is another aspect requiring regulation under the new draft law, as it will impact market transparency and trust.
Developing a separate law for realtor services is a significant step toward creating a more structured and transparent real estate market in Ukraine. Introducing clear standards and requirements could not only boost consumer confidence but also stimulate market development by ensuring greater competition and service quality. Systemic regulation will help address current shortcomings and establish stable conditions for professional realtor activity.
As the proposed legislation aims to establish clear standards within Ukraine's real estate market, it is crucial to understand the implications of these changes. Recent discussions around regulating real estate agents highlight the urgency of implementing effective oversight and the potential impact on industry practices. This context sheds light on the broader efforts to enhance transparency and professionalism in the sector.