In recent real property prices race private houses market occupied a special position. A house within a city rarely was a profiteering object. In most cases a private house customer was and still remains a final one. And very different as well.

The fact of a house detachment is a relative thing. Each house is connected with others within a quarter, a street, a district. It is provided with electricity, gas, water through city communication systems. What facilities are there in Odessa private sector houses today and what will expect them in future?

It is well-known that more than a year may pass from a project development till its realisation. And if the project work becomes more difficult due to such unpopular factors as resettlement during the reconstruction or an object location in a recreational zone, one may discuss it in the Urban Development Council panel session despite any crises.

Prior to the crisis an object named “recreational complex with hotel suite of rooms” was being built on Odessa coast. It was doubtless that the apartments would soon start to be sold in “the hotel”. Nowadays at the residential realty market a regression has begun: residential buildings with the view of the sea are becoming hotels. Viktor Aksaniuk, recreational complex and tourism department director, says why such a tendency appeared and how it will affect travel industry development in Odessa.

As the Odessa historical centre dilapidation moves forward more and more programs how to save it appear. But let’s be realistic: a program taken by itself is only a document deprived of the main factor – financing. That’s why in order to save Odessa houses one can consider only one variant – reconstruction of the existing buildings for the commercial purpose. In the case of the tourist direction of Odessa the reconstruction should be into first-class hotels.

The lease market is always stirred up with approaching summer tourist season. This year it will be special taking into consideration the economic situation. Will the crisis affect the possibility and desire to have a summer rest?

During the global economic crisis practically all markets go through considerable fluctuations. As a basis for decision making, we bring to your attention the review of the most risky, and, on the contrary, reliable real estate investments.

Each market lives according to its laws and rules. All these rules sharply vary with financial crisis. Odessa rent market is not away from worldwide tendencies.