Kiev Apartments Rental Market
Oct 20th, 2009 by master
Kiev Rent Rental market became more sophisticated nowadays. You will hardly find a tourist who would be indifferent to price, location and external appearance of a façade of the building where apartment is located.
Not so long ago before the Crisis the landlords of apartments in Kiev felt invincible as if those who would never have suffered from the world’s economy and its crash consequences (who gave him such assurance? Well, surprisingly pleasant to realize our people have an unbiased belief that we are an Independent country… but in reality we are not!). We are all depended on Big Brothers’ economy – they still dictate the rules, especially in real estate business which was closely connected to banking system success.
Real Estate Market has always been one of the steadiest markets in terms of price growth. This tendency seemed to be equally applicable to both – the economy of developed countries and those which were on their way to stabilization.
Nowadays real estate market is so much unpredictable that 70% of biggest investors have simply vanished from Ukrainian market. If you compare real estate market of Kiev with New York’s one then you will notice that Ukrainian real estate market has fallen down 3 times faster and deeper. Prices for apartments and offices in the capital of Ukraine have fallen down 47% which seemed to be unbelievable only a year ago.
Kiev’s real estate market has become so much unbalanced, that only few people still believe things can become better soon which is complete nonsense.
Let’s try to follow the tendency of the prices change. It is obvious that the prices for real estate are NOT going to grow which some are still trying to believe. Yet 50% – 60% of Ukraine’s population is living in a fantasy world but the boundaries of this world are pretty vivid. We’ll see what happens but obviously it is never going to be the same anymore.
Getting back to the smaller but nevertheless very important part of real estate business in Kiev, Ukraine – apartments rental business, I can say with 100% assurance – those who really worked hard and tried to keep up to Western standards win the business and beat up their competitors reaping the harvest of their success. The market became more vulnerable and responsive at the same time to inquiries and demands of Western clients used to higher standards of services. With this in mind Kiev Apartments short-term and long-term agency created in mutual agreement of two cultures’ representatives (American and Ukrainain) started its existence to meet the highest demands and standards of their clients who enjoyed their experience with KievApts Company.
Kiev Apartments company from the time of its creation several years ago tried hard to implement high standards into the mentality and minds of Kiev apartments’ owners and most of the management companies, who got used to NOT having repeat clients thus forgetting the 1st rule of any business: Get as many new clients as possible but never forget your repeat clients. KievApts Rental Company has gained big success with giving perfect services in renting out hundreds of apartments in Kiev.
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