Short term rent of accommodation in Ukraine (Odessa, Crimea) in 2009

If the price of long-term rent remains stable, theTwo-room newly renovated apartment with
short-term rent in 2009 is surprisingly unstable -facilities on Deribasovskaya Street will cost 70-90
especially in the resort regions of Ukraine. OnlyUSD per night. Two-bedroom furnished apartment
instead of the traditional increase in price by morewith less expensive and not new repairs will cost
than 50%, the prices only rise by 10-15%. The45-60 USD. The peculiarity of the daily rent
reason is that the number of holidaymakersmarket in Odessa this year is the fact that there
significantly decreased.are many apartments on the primary market
In addition, the majority shifted to the so-called(apartments for rent in new buildings (District
economy housing - farther from the sea withPrivoz).
minimum facilities. For example, two-bedroomIn the Ukrainian cities that are less often visited
apartment in Yalta with conveniences, far fromby tourists, the prices have changed only a little.
the sea will cost you 250 UAH per day. A similarFor example, in Nikolaev (a city located 150 km
apartment close to the sea will cost at least 400from Odessa) the prices for Nikolaev apartments
UAH per day.have remained the same but have become more
In the mid-summer the rent of one-roomtied to the dollar, the payment is usually made in
apartment in Yalta near the sea will cost minimumU.S. dollars.
350 UAH. A year ago it was possible to rent anThere are few new objects on the market, there
apartment in Yalta at the height of summer forare fewer clients, but the prices for apartments
250 UAH per day. Compared to last yearare not reduced. Apparently this is the feature of
short-term rent rose by 40%. But the dollar pricea more passive and provincial market of Ukrainian
of rent, by contrast, has fallen. A year ago thecities. It is obvious that in Ukraine there's an
day in Yalta costed about USD 50, today it costseconomic and financial crisis, including the crisis of
USD 45.the real estate market. The devaluation of the
Just like in the Crimea, in Odessa there is aUkrainian hryvnia and the strengthening of the
shortage of holidaymakers. At the same time thedollar consolidated the apartment rental prices in
dwellers of Odessa are not ready to givedollars. For tourists visiting the country this is a big
discounts. Nowadays it is hard to find an Odessaplus, because if you compare the prices in dollars
apartment for less than 250 UAH per day.in 2008 and 2009, the price declined almost by
However, if you try, you can find an apartment50%. But for the Ukrainians prices have not fallen,
for 200 UAH or negotiate with owners aboutand even increased. Will it promote the inflow of
discounts. Prices for Odessa apartments neartourists into the Ukraine – it is still an open
Deribasovskaya Street are twice as high as pricesquestion. Let's wait for the elections in January
for similar apartments in other areas of the city.2010.