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Odessa Property Prices Fall by 0.5%

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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.

Odessa Tourists Cheated by Estate Agents

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More and more visitors of Odessa find themselves cheated when it comes to renting apartment in Odessa. Most of them fall for one and the same scheme, which has long been created by Ukrainian fraudsters. The trick that attracts tourists are low rent rates.

To avoid problems with apartment rentals, you are recommended to contact reputable real estate agencies only.

Feel free to call or e-mail Paradis Apartments for a full list of services it provides.

Demand for Rental Apartments Increases

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According to the information released lately by Odessa real estate agencies, 2- and 3-bedroom apartments face increased demand this summer.

In the opinion of industry experts, this fact can be explained by a tendency of tenants to cooperate when renting apartments in Odessa.

They are determined that 2-bedroom apartments are cheaper than 1-bedroom ones when it comes to clubbing together to rent.

International Movie Festival – Odessa, 16-24 July

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The opening ceremony of International Movie Festival will be held in Odessa on July 16th.

The festival will last for 9 days (July 16-24), which will feature:
- the Red Carpet ceremony near Odessa Opera Theater
- the grand opening in Odessa Opera Theater
- movie shows in numerous Odessa cinema halls
- the closing ceremony in Odessa Opera Theater

To rent apartment in Odessa near Opera Theater, contact Paradis Apartments.

Special Offers of Paradis Apartments

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A perfect 2-bedroom VIP apartment located near Arcadia beach is currently being rented out by Paradis Apartments with a 20% discount.

Want to rent apartment in Odessa, Ukraine? Consider contacting Paradis Apartments to learn more about attractive offers.

Real Estate Prices Rise by 7%

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According to the latest data released by SV Development, the price of apartments in Odessa increased by 7% in 6 months.

In the time period between January 1 and July 1, the price of an average Odessa apartment grew to $1,502 per 1 square meter.

SV Development specialists noted that Kotovsky Village remained the most inexpensive district of Odessa, with prices reaching $1,154 per square meter. Meanwhile, Primorsky district saw the most rapid growth of prices (7,84% in 6 months), which reached $1,727 per 1 square meter.

Rent Rates on Odessa Apartments Rise

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According to the information published in “Business Capital” (Delovaya Stolica), the number of Russian tourists increased significantly this year.

In the opinion of experts of the tourism industry, this was caused by relatively low prices on Odessa tours.

As Mr. Rodinsky, head of “Best” real estate agency, claims, most Russian prefer renting apartments in Odessa downtown or beach area. This fact resulted in growth of rent rates on apartments in Odessa.

To book cheap apartments in Ukrainian resoty center, contact Paradis Apartments.

Sudak Scored Lowest

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The recent opinion poll carried out by analytics of the Kommersant Magazine showed that Sudak is the worst resort in Ukraine.

The following resorts were examined: Alushta, Evpatoria, Odessa, Sevastopol, Sudak, Feodosia, and Yalta.

The major criteria for analysis included transport infrastructure, the number and quality of hotels, and entertainment infrastructure (beaches, clubs, restaurants).

Feodosia scored the most, whereas Sudak proved to the less equipped resort.

To enjoy nice and comfortable stay in Ukraine, consider checking out Odessa hotels and Odessa apartments for rent.

Odessa Hotels Become Less Profitable

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Accordin g to the latest figures released by Ernst & Young, the overall income of Odessa hotels has dropped by as much as 10% since the beginning of 2010.

As for Ukraine in general, the country’s hotel sector has experienced a 30-40% fall in overall income last year.

Experts are determined that an uprise in this sphere is only possible by 2013. At the moment tourists are mostly interested in renting apartments in Odessa.

Odessa Rent Rates Decline

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According to the data released by the Association of Ukrainian Real Estate Agents, rent rates on residential apartments across Odessa have fell by $1, from $271 to $270.

The highest prices on Odessa apartments for rent are still registered in downtown ($332), while the lowest can be found in Kotovsky village ($270).