On the status and prospects of the real estate market of Donetsk in 2010-2011.

03.12.2010 15:02
Articles about real estate | On the status and prospects of the real estate market of Donetsk in 2010-2011. Donetsk, being the center of one of the major industrial regions of Ukraine, which concentrated the largest enterprises of mining and construction sectors, has considerable investment potential, particularly in the field of development.
On the status and prospects of the real estate market of Donetsk in 2010-2011.

Investitsonnaya attractiveness of real estate in Donetsk: the saturation of housing, commercial real estate and social infrastructure

In the structure of investment in the economy of Ukraine share the Donetsk region accounts for 8.2% of investments directed to fixed assets and 4% of direct foreign investment.

In spite of this, today the real estate market is still characterized by Donetsk deficit for all types of real estate, and the pace of construction does not meet the existing demand in the market. The level of saturation of retail space at the beginning of 2010, Donetsk was at 11 place among the 28 largest cities in Ukraine, with a measure of 250 square meters. m. to 1 thousand people. In this case, to Donetsk region accounts for about 9% of retail trade in Ukraine.

Today the Donetsk region substantially inferior to many regions of Ukraine by volume of commissioned housing. During the 1 st half of 2010 was commissioned only 69 thousand square meters. m. of residential property, or 2% of the total volume of Ukraine.

Today in the Donetsk there is a shortage of hotel rooms to meet the requirements of UEFA. Under the plan the state program to prepare for the finals of the European Football Championship in 2012 in Donetsk until 2012 to construct and put into operation 15 hotels. As of early 2010, Donetsk region has 56 hotels, only 20 of whom have passed the necessary certification for the Designation of "star" categories. Eight hotels have received status 1 *, two hotels - 2 *, eight hotels - 3 star hotel for one are presented in categories 4 and 5 *.

On the current activity of the construction sector in Donetsk and iconic real estate objects

Despite positive growth in industrial production in 2010, the construction industry of Donetsk has not yet shown clear signs of recovery after 60% fall in 2009, the same time, in preparation for football championship EVRO2012, special attention is given to investment in infrastructure facilities of the city.

In the active phase of construction is the project of reconstruction of urban airport complex and the construction of a new modern terminal with a total area of 50 thousand square meters. m runway, ramps, parking lots and the station square, which in the long run will ensure acceptance by 2,500 passengers per hour.

It should also be noted some progress in the construction of Donetsk subway. At the initiative of the National Agency for Euro-2012 in October 2010, the first time in 1,5 years received cash of $ 55 million USD.

By the opening EVRO2012 also planned to renovate the train station and erect a new transit station on the street. Artemovskaya.


Draft of the new railway station in Donetsk

Among the unique infrastructure projects, which also plans to implement over the next 2 years, should be allocated "Music Park $ 30 mln. This project will include a playground for families, specific area, butterfly garden, water cascades, dancing fountains and sundials.

In the construction of sports and entertainment infrastructure is also noteworthy project is the Canadian architectural and construction company OpenAir, according to which the Central park of culture and rest. Shcherbakov planned to build a water park «Royal Marine Aquapark». According to the architects, the project must enter into the top 20 water parks of the world and is capable of simultaneously more than 550 people.

In commercial real estate sector stands out as delivered in 2010, commissioned retail and office center «Green Plaza» total area of 31.3 thousand square meters. meters, situated in the heart of Donetsk. The first floor is occupied by a shopping area, from the fourth to twentieth floors reserved for office space. Another global commercial project is a shopping center "Donetsk City" (stage 2) the total area of 37.2 thousand square meters. m, which is also scheduled to be commissioned in 2010 include demonstration of office centers, which have recently been put into operation it may be noted the 17-storey business center class "A" - "Capital" total area of 31.2 thousand square meters. m

As for the hotel real estate segment of Donetsk, in the stage of construction and reconstruction are 14 hotel projects, 8 of which involve new construction, 4 reconstruction project hotel "Kiev", "Olympus", "Ukraine" and "Miner", and 2 of the project - the opening of the second Queues already functioning hotel "Victoria" and "Central".

PERSPECTIVES ON Development of Donetsk as an object of Development: the planned path, the intentions of investors announced plans to build

Despite its limited budget financing and construction lending, today there are prerequisites to believe that construction activity in Donetsk in the near future, significantly activated.

This is primarily due to the need to perform a significant amount of construction work on the preparation of transport infrastructure, hotels and other infrastructures for Euro 2012. An important impetus for the development of hotel Development is introducing a zero rate of income tax until 2021 and simplify approval procedures of hotel projects.

Global hotel chains are not yet represented in Donetsk, but the international hotel operators such as Rezidor Hotel Group, Intercontinental Hotels Group, Accor Group, Starwood Hotels & Resort Worldwide, and Hilton Worldwide today positively evaluate the development prospects of the hotel market in Donetsk. Some of them expressed great interest in bringing to market its brand of economy, middle and high segments. In confirmation of this must be said that in the 4 quarter of 2010, building group "Hertz" is expected to start construction of hotels with 150 rooms, which should enter the international hotel chain Wyndham Hotel Group International. The total cost of the construction project is 23 million dollars. United States, and duration of the project will be about 2 years.

In addition to fostering the development of the next 2 years of commercial real estate and housing also is expected to continue the implementation of investment projects on technological advancement and modernization of production in basic industries and the Donetsk region.
Oleynikov Alex (Ph.D., director of strategic development of the investment group INEC "

Content tags: Property Regions
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