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.
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.
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.
According to Ms. Zoya Sharovskaya, Ukrainian commercial property expert, demand for commercial property located in the Deribasovskaya, Rishelievskaya, and Yekaterinenskaya streets, known as the “trading center” of Odessa, has grown significantly in the past months.
Ms. Sharovskaya said that the vast majority of buildings, which were “decorated” with “For Sale” or “For Rent” signs, have already found their buyers and tenants. Rent rates on commercial property in the downtown of Odessa range from $50 to $60 per square meter.
