House for Rent at Kabeza

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The Covid-19 pandemic has led to a surge in demand for vacation homes (Photo: Riviera Village)

The Covid-19 pandemic has led to a boom in demand for holiday homes for rent. This has attracted investors who buy cottages and rent them out. Business brings good income.

Ukrainians are moving out of town. The number of those who wanted to rent a cottage last year was much higher than those who are ready to rent it out. Many people in Kiev are ready to overpay, just not to spend months of isolation in quarantine in an apartment with children. First of all, tenants were interested in cottages near a river or forest, but after a month of searching, they were ready to rent almost any house.

There are almost no alternatives to rest outside the city. The EU countries have closed their borders to tourists from Ukraine, many have decided to give up their summer vacation at sea even in Ukraine.

“The pandemic has led to a reassessment of values: people have realized that suburban real estate is not only prestigious, but also important for maintaining health, not only physical, but also mental. Believe me, a lockdown “within four walls” in a city and in your own house with a forest and water nearby are completely different things. In 2020, a much larger number of families permanently lived in Riviera than ever before in the entire history of the project, ”says Daria Kukharenko, CEO of Riviera Village.

Consumers have become much more likely to buy houses, says Dmitry Korchev, director of the Academy of Sciences Brok-Realty. Many people understand that it will not be possible to quickly defeat the Covid-19 epidemic and a cottage outside the city becomes a necessity.

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The Riviera project is over 10 years old, and in recent years it has been actively developing. New areas of houses with trendy architecture from 150 sq m have opened in the town, whereas before the area of ​​cottages was larger. New infrastructure facilities have ap House for Rent at Kabeza peared: a kindergarten school, sports grounds, a promenade, the first private bridge in Ukraine. In 2021, the infrastructure will develop - more beaches, swimming pools, sports locations will open. It is planned to build a club house with a variety of services - from a yoga studio to a coworking space. Future residents understand that they can move to the town for permanent residence.

In recent years, many investors have been investing in the primary real estate market: they bought apartments at the initial stage of the construction of a new building and then sold them before putting the house into operation or rented them out. But now the situation is changing.

“Large unfinished buildings such as“ Arkada ”or“ Ukrbud ”appeared on the residential real estate market, which frightened investors. They want to reduce risks and are considering apartments on the secondary market, ”says Sergey Stepenko, managing partner of the SV Development consulting company. But in this case, their profitability is significantly reduced. The terms of renting out apartments are also increasing - the supply over the past 12 years has grown from 6 to 40 thousand objects. But the number of transactions last year is relatively low and ranges from 1 to 2 thousand per month, says Stepenko. Investors are looking for new opportunities to earn money.

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“You need to understand that tenants are renting not just a house, but in fact the whole town: a pine forest, beaches on the Dnieper canal, tennis courts, volleyball courts, a restaurant by the water, a service campaign, security provided by the best security holding. And what is especially valuable is what many people buy a house for here - a community of people with similar values, ”says Andrey Polyakov. Houses rented out by tenants are always occupied. Riviera itself rents out houses with an area of ​​up to 100 sq m for a long time - from six months.

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