SV Development reported a fall in the values of apartments in Odessa, Ukraine.
It constituted 0.56% or $8 and resulted in the average price of $1 493 per 1 square meter.
The highest monthly decline was seen in the Tairovo district, where prices decreased by 0.66%. The lowest decline was seen in Kotovsky village district (0.26%). No changes in property values were registered in the Moldavanka district.
According to the latest information, Ukrainian banking market is slowly recovering from the economic downturn as lenders increase the number of approved mortgages.
The number of banks that actively introduce new mortgage offers has risen to 18% in July, up from 7% in January.
In addition to this, real estate prices are beginning to decrease because of enhanced mortgage availability.
However, all these positive trends did not positively affect buyers’ demand in Ukraine.
Let us remind that on August, 13th, Odessa will host land auction. Ironically, the number of lots which will participate in the auction also amounts to 13.
To participate in the auction, please, register by August 9th.
Registration start at 9.30 and finishes at 10.45 every business day.
Unregistered members are not allowed to take part in the land auction.
A new land aution is Odessa, Ukraine in less than one month.
On August 13 2010, Odessa City Council Municipal Land Resources Department will host it in its office at 11 a.m. It will feature approximately 13 land lots.
Everyone willing to register for the auction should refer to 6, Chernyakhovskogo street not later than August, 9.
Odessa Council of Architecture has approved the construction of 2 new buildings in historical downtown Odessa.
A wooden Church of Knyaz Vladimir and St. Ludmila is to be constructed next to children’s recreation center located at 32 French Boulevard.
Another building – contemporary housing estates with underground parking lot – will be located in the same block (29 French Boulevard).
To rent apartment in Odessa, Ukraine, consider contacting Paradis Apartments.
The top 5 of contemporary buildings that can soon become historical landmarks have been announced.
They include:
1) Arabian Cultual Center
2) “The White Sail” Apartments
3) 2, Sabansky Alley
4) Arc-Palace
5) The Crown of New Arcadia
According to the latest release of SV Development, house prices in Ukraine rose last week (May 17-23).
The highest increase has been noticed in Kharkov, whereas Kiev real estate prices showed the fastest increase.
Prices on apartments in Odessa rose by 0.68% to $1462 per square meter.
An average price per 1 square meter in Kiev has reached $1762 (1.6% increase).
According to official statistics, the volume of construction works in Ukraine fell by 24,9% in January-March 2010 compared to the same period of 2009.
In the opinion of real estate agents from “Planet Obolon,” the reason for that is lack of financing.
Even though the Ukrainian government has already allocated funds that should be enough to help resume property construction.
Developers of apartments in Odessa, Ukraine also hope for foreign invetsments.
In May 2010 the Government of Ukraine will launch the program aimed at helping the country’s citizens purchase a home of their own.
The Government has already allocated more than 1 billion hryvnas that will be used to finance real estate construction.
In the framework of the program, Ukrainian citizens willing to buy an apartment of their own will have to pay 70% of the price; the remaining 30% will be paid by the Government*.
* Some restrictions apply. Apartments in Odessa, Ukraine priced over 5000 hrynvas per square meter will not be financed by the Government.
The financial downturn in Odessa, Ukraine resulted in the construction of numerous economy class neighborhoods.
Results of the poll carried out by “Tramp Real Estate” showed that 79% of Odessa visitors are mainly concerned with the price, 68% – with geographic location and accessibility by transport, and 66% – with developer’s reputation.
