Investment Property in Odessa

Investment Real Estate in Odessa

Odessa property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Odessa .

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Search Map of Odessa Investment Real Estate

Odessa or Odesa (Ukrainian: Оде́са, romanized: Odesa [oˈdɛsɐ] (listen); Russian: Оде́сса, romanized: Odessa [ɐˈdʲesə]; Bulgarian: Оде́са, romanized: Odesa) is the third most populous city of Ukraine and a major tourism center, seaport and transport hub located on the northwestern shore of the Black Sea. It is also the administrative center of the Odessa Raion and Odessa Oblast, as well a multiethnic cultural center. Odessa is sometimes called the “pearl of the Black Sea”, the “South Capital” (under the Russian Empire and Soviet Union), and “Southern Palmyra”.

Before the Tsarist establishment of Odessa, an ancient Greek settlement existed at its location. A more recent Tatar settlement was also founded at the location by Hacı I Giray, the Khan of Crimea in 1440 that was named after him as Hacibey (or Khadjibey). After a period of Lithuanian Grand Duchy control, Hacibey and surroundings became part of the domain of the Ottomans in 1529 and remained there until the empire’s defeat in the Russo-Turkish War of 1792.

In 1794, the city of Odessa was founded by a decree of the Russian empress Catherine the Great. From 1819 to 1858, Odessa was a free port—a porto-franco. During the Soviet period, it was the most important port of trade in the Soviet Union and a Soviet naval base. On 1 January 2000, the Quarantine Pier at Odessa Commercial Sea Port was declared a free port and free economic zone for a period of 25 years.

During the 19th century, Odessa was the fourth largest city of Imperial Russia, after Moscow, Saint Petersburg and Warsaw. Its historical architecture has a style more Mediterranean than Russian, having been heavily influenced by French and Italian styles. Some buildings are built in a mixture of different styles, including Art Nouveau, Renaissance and Classicist.

Odessa is a warm-water port. The city of Odessa hosts both the Port of Odessa and Port Yuzhne, a significant oil terminal situated in the city’s suburbs. Another notable port, Chornomorsk, is located in the same oblast, to the south-west of Odessa. Together they represent a major transport hub integrating with railways. Odessa’s oil and chemical processing facilities are connected to Russian and European networks by strategic pipelines. Current population is 1,017,699 (2020 est.)

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The financial stability of Odessa has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Odessa

Renting out your Odessa buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Odessa are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Odessa and be prepared to change your initial outlook.
Thoroughly research the Odessa location with a special emphasis on fringe areas outside the main Odessa metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Odessa.
Ensure that your target investment property in Odessa appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Odessa properties yourself is an easy option, but are these savings justifiable when you run into Odessa red tape? Physis Realty Odessa office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Odessa buy-to-rent sector.

With our expert guidance, investing in Odessa provides the secure knowledge that your money is working harder than it would in a local Odessa bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Odessa, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Odessa property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Odessa

Flipping property in Odessa

Flipping property is when we advise clients to buy a Odessa property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Odessa market has a time to react to the renovation.

The Flipping Strategy in Odessa

Investment property flipping in Odessa is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Odessa real estate investments are sometimes referred to by professionals as ‘distressed’ Odessa real estate.

What is distressed Odessa property:

Odessa property in need of renovation
Odessa real estate with a change of purpose and use
Oversold Odessa property
Bank repossessions in Odessa

Put simply, long term investors in Odessa purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Odessa investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Odessa property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Odessa use a minimum profit value of 22% when looking at potential Odessa projects. The reason for this is because there are lots that can go wrong in Odessa property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Odessa

For luxury property investors hoping to add a superb property in Odessa to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Odessa, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Odessa should be entrusted to only the highest-quality agency.

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