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Can elite housing rent in Odessa look down some day?


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On the back of convulsions, shaking world economy, rental market acts by its own laws. Uppermost, it concerns dwelling stock in resort zones, inter alia in large and small-scale population clusters of the Ukraine Black Sea cost.

Predictably, after the first world crisis wave rental housing prices appreciably scaled down, nevertheless, they further advanced again and in some market fractions achieved the pre-depression level and even pierced it.

The residential property market inter-temporal changes in Odessa are the best recognition of what has been claimed. Preeminently, it adverts to premium supplies of comfortable extra class tenements in EPP boroughs of novel resort real estate development (Primorskiy or Kievskiy district) or upmarket manor houses in prestigious low-rise blocks, for instance, in the real colorific compact world named Arkadiya.

Odessa premium rental housing market traditionally returns high interest during holiday time. However, for the last decennium not only has rental housing in the mythological maritime town recompensed itself, it has also allowed to reap a good profit both in late autumn, and in winter, and in early spring.

A weekend on the sea littoral where inimitable Odessa colour is accompanied with well-furnished sports and fitness centres, having up-to-date spa-centres, pools full of sea water, entertainment centres with superb cuisine, bowling, and billiards – today Odessa can offer this all to its guests at any tide. That is why for the latest years more tourists have endeavored to rent a house in Odessa during any season.

New hotel facilities and so called ‘clubhouses’ with their own beaches and infrastructure, allowing using needments within one territory, act as an alternative to premium class lodgings and mansions.

Herewith, it is worth noticing that the hotel facility conveniences can unlikely be compared with the comfort of rental apartment in Odessa with exclusive design and all services essential for a contemporary businessman’s good rest. Only here dwelling space really gets your own and only in that case the individual rest schedule really becomes individual.

Thereunto, the hotel facilities on the cost cannot always boast of the location close by, for example, the glorious Odessa Opera theatre and the much more illustrious Potemkin stairs, and the present factor is nowise insignificant for vacationers, preferring to combine cultural program with kinds of entertainment and beach rest.

Thus, one doesn’t necessitate expecting price reduction for rental housing in Odessa before long. Contrawise, judging by the growing demand, nowadays overtaking supply during holiday times, one can forecast further growing of prices in the given market segment.

By all tokens, the Ukrainian Black Sea resorts, one of which is Odessa – the very developed city, actively changing its outlook, - will alki grade up to the best Mediterranean resorts by their value and comfort level.


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