On December 18, Ukraine was shaken by a massive cyberattack on state registers, which virtually halted real estate operations. Due to the inaccessibility of key registers, notaries, realtors, and buyers faced the inability to conduct purchase-sale transactions and register property rights.

How the Cyberattack Affected the Market

The cyberattack led to a temporary paralysis of the real estate market. Notaries are unable to verify the legal status of properties, and contract execution has become impossible. This also affected investors who planned to finalize deals by the end of the year to avoid tax changes or other potential risks.

Many transactions had to be postponed indefinitely, creating additional tension among real estate buyers and sellers. In particular, the markets for new builds and secondary housing were effectively frozen.

Good News: Register Operations to Resume Soon

Despite the severity of the situation, there is positive news. According to insiders from the Ministry of Justice, active work is underway to restore access to the registers. Full restoration of register operations is expected within the next few days. It is also reported that systems are being enhanced with additional security measures to prevent similar attacks in the future.

Additionally, experts note that notarial and real estate communities are already preparing to resume work. This gives hope that real estate transactions will soon be fully restored, allowing those waiting to finalize their deals to do so without delays.

What “Novopecherski Lypky” Clients Can Do During the Register Downtime

We understand your concerns and are ready to support our clients during this challenging period. Our team is actively monitoring the situation and providing consultations on planning future transactions. If you have already chosen an apartment or property, we will help you secure agreements with the seller to avoid changes in terms after register operations resume.

While the cyberattack has caused significant challenges for the entire real estate market, the first positive signs of the restoration of state register operations allow for cautious optimism. We are grateful to our clients for their trust and assure you that we are doing everything possible to ensure your comfort and safety. Stay tuned for updates to be the first to know when register operations are restored and the market returns to its usual rhythm!