Air-Raid Discount — Pechersk Courtyard Two-Bed

Kyiv has regained population, liquidity, and professional tenant demand, but missile and drone attacks still create headline risk that sellers cannot fully ignore. In the city centre, that means broad war discounts are mostly gone and the remaining edge comes from motivated owners, dated interiors, or assets that buyers over-penalize for periodic air-raid disruption. This Pechersk basis, around 25% below a defensible pre-2022 valuation, is interesting because rents have recovered faster than resale multiples, supporting an estimated 6.4% gross yield in Ukraine's deepest eventual exit market.