Odessa Land Auction (With planning permission)

[P-N]

For all of those looking to buy land for business purposes, Odessa (City) is having a land auction soon.  See below Odessa's official website which can be viewed in English, Russian or Ukraine.........of course if you need a good Project Manager from Odessa if you buy anything.........

 http://www.odessa.ua

I believe the land auction is on  February 29 but all interested partied must register their interest by February 25.

Maybe of interest to some of you 

[SilverBullet]

Thanks for sharing this info. The Odessa web site is very good and already bookmarked on my computer. You are lucky to live in Odessa, it is a place I always enjoy visiting. Wouldn't mind having an old flat close to the Opera House one day. I looked at some flats for sale a few years ago and everything was priced the same regardless of location. $1,000 per m2 and needed full renovation. I heard Odessa is now quite expensive. Perhaps better deals in Sevastopol? 

[P-N]

Depends how big you want your apartment - some in the city are still fairly cheap (considering) - It is still possible to get 1 room, sometimes 2 rooms in the city centre with reasonable  decoration for under $100000 if you are prepared to speak to all the agents........particualrly the small ones.

[Carlushika]

This has been going on regularly for some time now. The swelling of the city coffers doesn't seem to improve things for the ordinary people of Odessa. Well, the fireworks might get even better on the city anniversary and New Year celebrations and maybe a few quid to fix those ancient traffic signals!

English link here -  http://www.odessa.ua/announce/12361/

[Carlushika]

SilverBullet - as well as scanning the real estate agents websites, you can use the local Aviso which is on-line.

http://aviso.ua/a/

Select the  "Выбрать другое издание или номер газеты ... " HTTP link Aviso Odessa is the 6th one down. So select that and then the latest issue.

First section is property.

[SilverBullet]

It is still possible to get 1 room, sometimes 2 rooms in the city centre with reasonable  decoration for under $100000

I like the old buildings built prior to WW I & II. The French and Italian style buildings are impressive in Odessa but many are in need of restaurantion of course. I got the impression that in Sevastopol old flats could sell for $60,000 in downtown, while something similar would cost 2x -4x as much in Odessa. What type of flats sell for around $100,000? Are they Soviet style flats? Can you get somethign in the city center for that price? What are the going price in Arcadia these days? Thanks for any info you might have.     

[SilverBullet]

Carlusha - Thanks for the link. I will check it out. Very useful source. Any realtors you can recommend in Odessa?

[P-N]

I know most, being a builder.....as soon as a house I am building is close to completion they are queing up to sell it.  Obviously there are people like Alience, President, Capital, Alexander N but they are more expensive.  I also have a list of about 20 smaller ones whose commision is SIGNIFICANTLY less but are equally as good.  If you want I can PM you with there company names, idividual names and numbers etc. 

[Carlushika]

Sorry, SB, hadn't noticed your post but Nik answered as I would have done about the local estate/real estate agents.

Apartments in the centre of Odessa are really expensive but you can find a bargain requiring a fair amount of renovation. The type of property you are referring to is called a "Belgian" building locally. Those built after that period are called a "Stalin" buildings. Apparently during Stalin's period, the buildings were built solidly and meant to last hundreds years. Those I've seen are doing really well. Most locals seeking apartments, dream of owning one in a Stalin building!

Arcadia, though pricey, is still well below the prices of similar properties in or near the centre. You might have noticed many new aprtment buildings going up down that way. These are available "off-plan" BUT bear in mind, you are buying a number of boxes (bare bone carcasses, if you like). All the fittings are generally the responsibility of the new owner - this includes doors! Many buy one or more of these and sell immediately upon completion whether the interior has been done or not for excellent profits. Not for the faint-hearted and therefore, not for me!!

[Lt. Campers]

These are available "off-plan" BUT bear in mind, you are buying a number of boxes (bare bone carcasses, if you like). All the fittings are generally the responsibility of the new owner - this includes doors! Many buy one or more of these and sell immediately upon completion whether the interior has been done or not for excellent profits. Not for the faint-hearted and therefore, not for me!!

Carlusha - as usual you have 'hit the nail on the head' - this is an important factor to consider for those expats who
have 'just got off the boat' or should I say 'just got off the plane' - when looking at newly developed property in Ukraine.
All you get is the bare bone carcus - all the fixtures like plumbing, bath, toilet, the electics, land line phone connections,
room doors, etc - all have to be fitted by the purchaser.
In fact their are many instances of Russians and Ukrainians just buying the bare bone carcus apartments and just
sitting on it. That is they make no effort to spend anything on it. They are just waiting for prices to go up before selling
it on - for far more than they paid for it. A bit short sighted of them I know - when you consider the effort would
command a higher selling price - but as you 'this is Ukraine'
Still can be interesting when walking past these places at night - to see only a few apartments with 'lights on' with
many rows and floors being an empty dark void. 

[P-N]

These are available "off-plan" BUT bear in mind, you are buying a number of boxes (bare bone carcasses, if you like). All the fittings are generally the responsibility of the new owner - this includes doors! Many buy one or more of these and sell immediately upon completion whether the interior has been done or not for excellent profits. Not for the faint-hearted and therefore, not for me!!

Carlusha - as usual you have 'hit the nail on the head' - this is an important factor to consider for those expats who
have 'just got off the boat' or should I say 'just got off the plane' - when looking at newly developed property in Ukraine.
All you get is the bare bone carcus - all the fixtures like plumbing, bath, toilet, the electics, land line phone connections,
room doors, etc - all have to be fitted by the purchaser.
In fact their are many instances of Russians and Ukrainians just buying the bare bone carcus apartments and just
sitting on it. That is they make no effort to spend anything on it. They are just waiting for prices to go up before selling
it on - for far more than they paid for it. A bit short sighted of them I know - when you consider the effort would
command a higher selling price - but as you 'this is Ukraine'
Still can be interesting when walking past these places at night - to see only a few apartments with 'lights on' with
many rows and floors being an empty dark void. 

I must admit when I first came here and started building houses (before I got an order book) I was advised NOT to decorate them by all the agents.  A very alien experience in comparrison to home as people just want to pick up the TV and walk into their new homes.  Still I'm not complaining, build it, sell it at a decent margin and then charge again to decorate it how they want  at another decent margin 

[ecocks]

Hence, one of the supports for the thought that residential real estate will deflate a bit as it tops out.  The "demand" is significantly influenced by the lack of available investment alternatives, not to mention the upward creep of tax collection and freedom of travel.

I am currently buying an apartment and, looking at the floor plan, am trying to determine if I have a prayer of getting a few more electrical outlets, extra wiring and how I will get a carpenter to buildout closets and a full wall.  Still may come back and contract for a larger apartment in addition to the first one.  Basically, the same plan as Carlsha mentions.  May be able to sell it and use the profit to fit out the larger one.

[P-N]

Hence, one of the supports for the thought that residential real estate will deflate a bit as it tops out.  The "demand" is significantly influenced by the lack of available investment alternatives, not to mention the upward creep of tax collection and freedom of travel.

I am currently buying an apartment and, looking at the floor plan, am trying to determine if I have a prayer of getting a few more electrical outlets, extra wiring and how I will get a carpenter to buildout closets and a full wall.  Still may come back and contract for a larger apartment in addition to the first one.  Basically, the same plan as Carlsha mentions.  May be able to sell it and use the profit to fit out the larger one.

You should be able to alter the floor plan however you like Ed (with the exception of supporting) weight baring walls, and even those can be changed to a degree if they are internal and you use an RSG less then 5 metres in length where they were if you replace them.  If I remember rightly there is an English guy called Simon (time served furniture maker) in the forum who should be able to help you with the wall, but it's very simple just like putting the extra electrical points you want

[Lt. Campers]

[I must admit when I first came here and started building houses (before I got an order book) I was advised NOT to decorate them by all the agents. 

Surprised these agents haven't cottened on to the fact that - doing up the apartments will add more value to the property - perhaps its a learning process in Ukraine.

[Lt. Campers]

Talking about the old buildings of Odessa, I wonder how many of them can boast underground
passages to the catacombs.
As Odeasseans know, Odessa is riddled with tunnels thanks to the catacombs. From the
catacombs the 'Odeassean underground' continued their resistance against the occupying
germans during the second world war.
So I wouldn't be at all surprised if a number of these 'old buildings' don't have secret underground
passages to the catacombs.

In fact while staying in Odessa - I was watching the Odessa version of Neighbours on
cable tv which I only know as 'Yabba, yabba' as it featured a tubby man demobbed from the
Soviet army who returns to his hometown of Odessa - to cope with the trials and tribulations
of life in a free market economy.
Why 'Yabba, yabba' - well thats the song he sings whenever he sets up his stall in the open
air market. 
Point is - on one of his adventures, he stumbles across an underground passage while staying
at his old friends house in the city centre. Of course it makes me wonder   

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