Although lending conditions are stricter now than, say, five years ago, since no more than 10-15% of Crimean housing is taken on credit, they have not been able to affect this market segment. Moreover, those who decide to buy an apartment in Yalta are people with some wealth and capital. Also important is the fact that the majority of homebuyers in Yalta (about 80%) and on the entire southern coast are essentially investing spare cash. It is no secret that owning real estate in Crimea is prestigious.
If earlier housing in Yalta was official accommodation and therefore could not be given, sold, or rented out, now it can generate decent income, especially during the resort season. And even in winter, there are always people willing to go for a vacation. Owners are particularly pleased with the constantly rising rental rates. If you are now considering whether to buy housing in Yalta or not, listen to the experts. In their opinion, by renting out an apartment, you can recoup the cost in about five years.
You can buy apartments on both the primary and secondary markets or a house in the private sector – it depends on personal preferences. Of course, the most expensive are premium-class new buildings, which are constructed in Yalta by the largest companies, both domestic and foreign. Such a residential complex includes parking, a multi-level security system, and proximity to the sea. If you plan to buy an apartment on the primary market, it is more profitable to invest at the initial stage of construction.
But you can also buy economy-class housing and real estate on the secondary market. And if you want to go into the tourism business and open a small resort hotel, then it is best to purchase a house with a large area in the private sector or land for construction.
If an apartment in Yalta is your dream, but you don't have enough money to buy it, you can arrange with friends or relatives you trust and purchase such housing collectively. In any case, with great desire, real estate in Yalta is possible – you just need to think of an option that suits you.
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