Renting of apartments In Odessa

Renting an Apartment

Renting an apartment is a service provided by the owner of the property, the landlord, to a person in need of living space, the tenant, on a paid basis. Apartment rentals can be short-term or long-term. Short-term rentals are usually sought by visitors due to a tourist visit to the city or business trips. However, locals who want to organize, for example, a party, also turn to the services of a realtor and look for an apartment for a few days. In Odesa, short-term apartment rentals become especially active during the resort season when numerous tourists arrive on the shores of the Black Sea. The hotel complex still cannot cope with them on its own.

Rental housing has its advantages: a wide range of prices, living conditions, living space, and extensive geography. As a result, most visitors choose to rent private apartments. They are primarily interested in apartments closer to the sea, in the Primorsky district. However, those who cannot afford expensive rental apartments in Arcadia happily rent housing in Cheryomushki, Tairovo, or Kotovskogo. These areas are also worth considering for anyone interested in renting apartments. Odesa attracts not only tourists. Another category of visitors who need to rent an apartment in Odesa is seasonal workers. Again, this is mainly the end of spring-autumn. And late summer-early autumn is the period when students arrive in the city. In this case, we are already talking about long-term rentals.

Buy or Rent?

As for long-term apartment rentals, their demand and popularity are constantly growing. According to statistics, more than 400,000 families in Ukraine already live in rented apartments. In regional centers, one in five lives in rental housing. The reason is simple: not everyone can afford to buy an apartment in ownership. Most of the country's population does not have the appropriate level of income. Mortgages, bank loans for housing purchases remain inaccessible. The only way out is rent. And here Ukrainians are not unique: long-term apartment rentals are a widely used way to solve housing problems worldwide.

In Europe, several generations have already grown up in rental apartments in cities. However, it is worth noting that tenant rights are well protected in developed countries; they cannot be evicted just like that. In these countries, the rental housing market is very developed, with special rental houses of state, municipal, and private ownership. Some real estate specialists and Ukrainian officials see the development of the rental housing market and rental houses as one of the main ways to solve the housing problem in Ukraine.

Another interesting trend, which has also reached Ukraine, should be noted. Many young people, even having certain finances, prefer not to buy residential property but to rent it. This is largely due to a change in values. In the modern global and open world, people do not want to be tied to a specific point; they strive for freedom and mobility. They prefer to travel, work abroad. And they spend the money they have on something more immediate rather than strategically investing it in real estate.

How Much Does Apartment Rental Cost?

Rental price fluctuations are due to several objective factors. The sharp rise in utility costs and the introduction of property tax have changed the rental prices in Ukraine, including Odesa. If earlier Ukrainians were in no hurry to rent out empty apartments, today they are forced to look for tenants. An empty apartment is a luxury. This is why tenants are increasingly willing to participate partially in the payment of utility bills. However, it cannot be said that tenants dictate prices, as the demand for rental housing remains quite high. The difficulty lies in the structure of this demand.

Most Ukrainians are looking for inexpensive rental options for a long time, and at the same time, they are actively interested in the cost of heating, gas, and electricity. Almost every second rented apartment is a one-room apartment. "Guesthouses" are also popular. Thus, the rental housing market is in constant equilibrium. But one can note the trend: in calm conditions, it shows annual growth of about 20%. The reasons are the rise in consumer prices and the growth of average wages. And the demand for rent remains. Traditionally, the highest rental prices are in Kyiv, Odesa, and Lviv.

How to Rent an Apartment Safely with Atlanta Real Estate Agency

To avoid falling into the hands of apartment fraudsters, you should follow several rules. The most important of which is to rent an apartment with the help of verified professionals. A realtor from a large real estate agency will help not only quickly find the optimal apartment but also check whether the person is indeed the owner and has the right to rent it out. This will protect against unpleasant situations. For example, when fraudsters rent an apartment for a short term and rent it out for a long term. Next, you should not pay the realtor until the lease agreement is signed, for so-called "information services".

Finally, the realtor will help correctly conclude the lease agreement, which is an additional protection for the tenant. Thus, a one-time payment for realtor and real estate agency services is more than covered by the sense of security and confidence in the future. Renting apartments in Odesa with us is a guarantee of safety and transparency of all transactions.