Since 2007, when the next Olympics of 2014 in the Russian resort city of Sochi has been announced, a period of radical changes has come for the local real estate market. Hundreds of construction companies and developers began to flock here. Always attractive for both Russians and some foreigners, real estate of the Black Sea city with magnificent nature and a comfortable climate, began to attract even more people who wanted to buy a house or apartment in the area of Big Sochi. Naturally, real estate prices began to rise like mushrooms after rain. And this growth does not stop so far. The peak of prices, according to experts, will have to be for 2014, but even after this a sharp decline is not expected. What is characteristic of the modern residential and commercial real estate market in Sochi? Is it worth it right now to take care of the purchase of your own home in this fabulous place or does it make sense to wait for the end of the Olympiad? How the preparations for the main sporting event of the next year were influenced by ordinary Russians who are accustomed to spending their vacation in this wonderful southern city? What has changed for local residents with the beginning of the mass construction of modern residential complexes and private houses? This is what we will try to figure it out today.
The specifics of housing rental in Sochi is almost 100% determined by the geographical location of the city and its status of the popular Black Sea resort. During the summer season, rental offers both from real estate agencies and most of them directly from housing owners can be seen literally at every corner, starting from the station. You will be offered options for every taste and wallet, starting from renting a room in a private house with amenities in the yard and ending with a chic villa on the sea coast. Increasingly, tourists prefer to stop not in the popular large hotels of the city, but in cozy mini-hotels, the quality of the service in which is not inferior to their eminent brothers, and the number of such vacationers is much less. There are more and more such mini-hotels every year. In addition to direct residence, vacationers, as in any other full -fledged hotel, offer free breakfasts. The main danger here is that there are many private hotels in Sochi, which are not officially registered. So, there is a risk on one far from great day to be with things on the street.
It is not at all difficult to choose a housing option in the so -called private sector. The most reliable and quick way is to look for offers for renting apartments or houses via the Internet in advance. You will be able to call the owner directly from Moscow and contract on all conditions and terms of residence. Then a place will already be booked for you, and you will not need to spend time looking for housing, arriving on vacation. If you still adhere to a traditional vacation in hotels or boarding houses, then you will find serious disappointment in the changed level of prices for renting such temporary housing. Sochi prices for hotels at the moment have been very close to their Western competitors. So such a vacation will cost you at the same price level with Spain, Italy and Greece. Only in the autumn period, the cost of renting apartments and rooms in hotels begin to decline smoothly.
In the event that rest in Sochi is your family tradition, you can safely consider the option of buying a house or apartment. Then you will have a real chance to avoid all the problems associated with the search for temporary housing for the vacation period, and equip your own second house in accordance with your requirements. At the moment, the purchase of real estate in this unique area, which combines magnificent mountain air, the hot sun, the welcoming sea, the snowy peaks, the rare flora and fauna and the healing climate become a very profitable investment due to high liquidity. You will get the opportunity not only to relax in your own home, but also to become part of the local rental business already as a lessor. The process of buying and renting real estate in Sochi does not fundamentally differ from a similar process in Moscow.
The specifics of the purchase and rental of commercial real estate in Sochi. As a rule, most entrepreneurs believe that the main areas of the business of resort cities are the scope of tourism and the entertainment industry, as well as trade. Such a statement, of course, has certain grounds, but this does not mean that in such a large city as Sochi there are no other areas of business. Finding here the right office premises is quite possible. And it can be much more attractive to you for your Moscow office.
If you are looking for a spacious premises in the city center, then you should chat with builders’ companies that may show you plans for future business centers and layout of the main commercial real estate objects. In this embodiment, you can not only save a decent amount of money, but also choose a room to your taste with a modern repair and high level of quality of both building and finishing materials already made, as well as the main engineering systems. In the event that you do not plan such a large -scale development of your business at this stage, and you will suit the room less, then feel free to study the options for former apartments converted for office premises. There will be everything you need to start your work. The price of such premises will fall into the category of economy class.
The main advantage of buying commercial real estate in the secondary market will be the possibility of fast moving and starting work in a new place in the shortest possible time. In the event that you have concluded a contract of sale of the premises under construction, you will certainly have to wait with the move of your company. The Sochi real estate market takes into account the factor of the emergence of a sufficiently large number of organizations directly or indirectly related to the preparation of the Olympics, and, therefore, offers in the commercial real estate market at the moment not a few. Although the price range here is not much inferior to the prices of Moscow real estate.
In addition to the possibilities of acquiring commercial real estate in property, many entrepreneurs prefer to consider the possibility of rent, especially if the company was created specifically for the Olympics and carries out temporary projects. Rental offers are now also quite a lot of both central and sleeping areas of the city and suburbs. The requirements for the location of your future office directly depend on the specifics of your organization. Unlike the process of choosing residential real estate, the immediate vicinity of the sea is not always a mandatory search criterion.
The main trends of the modern real estate market in Sochi. The most important changes in the real estate market in Sochi after the emergence of information about the upcoming Olympiad can be attributed to the following:
The share of investment purchases of real estate both among economy class objects and in the premium segment has significantly increased;
At the same time, several construction projects appeared at once both within the framework of the planned construction of buildings necessary for the Olympic Games and additional real estate objects of different segments;
There was a sharp jump in the increase in prices for always prestigious resort real estate.
At the same time, it cannot be said that the percentage of customers of Sochi real estate, who make a purchase solely because of the desire to see the world sports competition with their own eyes, is very great. It barely exceeds the threshold of 3% of the total volume of the sold areas. As mentioned above, part of commercial real estate are bought up by organizations that support and prepare the future Olympiad. But the basis of the real estate market is continued by those who want to purchase real estate at one of the most popular Russian resorts or planning to move to a permanent residence to the south. The main buyers among nonresident are residents of Moscow, St. Petersburg and some large Siberian cities. It is among the inhabitants of Siberia and the Urals that the move from severe climatic conditions to the zone of soft subtropical climate is becoming increasingly popular. This is especially true for older people who begin health problems.
On the one hand, the purchase of real estate in the resort city emphasizes the status of a buyer and is a good investment of funds that very wealthy people can afford. On the other hand, if you prefer to relax at this resort every year or buying a second house here is aimed at improving the health status of you and your loved ones, the acquisition of such real estate becomes not just a profitable investment, but the opportunity to save on a stay in the city in the future. Not all real estate buyers in Sochi carry out this for cash. Many resort to the use of credit funds. It is quite simple to apply for a mortgage loan in Sochi, since almost all large banks of Russia are presented here.
Buying houses and apartments in the widest budget segment remains the most popular among the local population and among visitors. Moreover, you can clearly distinguish those who seek to buy housing in the resort area, and those who prefer other calmer areas. And there and there there is a special circle of buyers and offers. New residential complexes are also built in various areas of the Greater Sochi, so not all new buildings are located in the immediate vicinity of the coast. It should be noted that not only multi -storey and apartment buildings are of particular interest, but also the so -called low -rise buildings or small families designed to live a small number of families and having a rather modest area. Such options are economically very beneficial for their owners, as they require minimal costs for repair work and arrangement, and construction terms are noticeably reduced compared to their multi -storey competitors.
The main disadvantage of the economy class under construction and existing objects is the lack of attractive views from the window, remoteness from the sea and mountains, as well as typical architecture. But the last point modern developers are actively trying to fix. Original architectural solutions appear in Sochi and for the budget category of residential buildings.
If we talk about the specifics of elite housing, then the demand for this type of real estate remains quite stable, although not as massive as for economy class housing. Unlike large megacities, there are completely different choice parameters here. So, for example, the key characteristics of the luxury class residential buildings will be the exclusivity of architecture, the presence of large panoramic windows with beautiful views on the sea and mountain landscape, location on the first coastline in the immediate vicinity of the sea with a piece of its own beach and park, the use of ultra -modern building and finishing materials , resistant to the characteristics of the local subtropical climate, and, of course, a convenient layout of the house or apartment. Architectural solutions using spacious open terraces are very popular, allowing us to admire unforgettable types of sunrise and sunset.
It is worth saying a few words about the attitude of local residents towards the changes taking place in the real estate market. The assessments of the indigenous inhabitants of Sochi are very ambiguous. On the one hand, the quality of infrastructure and roads significantly improved in the city, new modern houses began to appear, housing in which became affordable for the local population. And on the other hand, it has been inconvenient for several years to endure the inconvenience of constant construction work, some residential buildings were demolished to free the territory for Olympic construction, as well as for the same purposes, a number of protected areas were turned into construction sites, which not it might not cause protest and negativity among Sochi residents. Like any major project, their supporters and ill -wishers appeared here.
As for the tendency to further increase in prices, here experts and analysts disagree. Some believe that the main peak will be at the beginning of 2014, after which a noticeable decline will follow and residential and commercial real estate will noticeably lose in price. Others believe that, on the contrary, the increase in prices will continue, just not at such a violent pace.
Now the construction of the main residential and business of complexes is actively completed, so this year the moratorium begins to operate on all construction work. In this regard, at the moment it is still quite possible to buy a cozy apartment in a modern house under construction. At the same time, you will have a choice of both the category of the house itself and its territorial location. To make such a purchase next year will be much more difficult. So don’t miss your chance!