Investments in resorts have doubled: what has changed in the real estate market.

According to inkorr.com: Over the past two years, investments in resort real estate have significantly increased: the cost of a standard investment has risen from $80-100 thousand to $150-200 thousand. Yevgeny Kudryavchenko, a partner at Apartel resorts, notes that this is due to the constant increase in the value of investment per square meter. Although the declared profitability ranges from 10-15%, the actual figure approaches 7%.

Price Growth in the Market

'The average unit in 2022-2023 had a value of $80-100 thousand. Today, most projects are becoming more complex and significantly more expensive. Large projects are being launched, which increase the price per square meter and the cost of each lot. Therefore, the average check for 1 lot has shifted from $80-100 thousand to $150-200 thousand.' - noted Kudryavchenko.

Status of the Resort Real Estate Market

According to data from Apartel resorts, over 30 projects of resort real estate were planned in Ukraine for 2024, but only seven to eight have actually opened. Delays in construction of 6-12 months hinder market development; however, Yevgeny Kudryavchenko believes that in the future there is potential for a second wave of the boom if projects demonstrate positive financial results.

The analysis of the resort real estate market in Ukraine revealed a significant increase in investment costs, but construction delays hinder the development of the industry. Experts see potential for further sector growth if existing difficulties can be overcome. This creates hope for improving the situation in the investment sector of resort real estate in Ukraine in the near future.