Odessa remains one of Ukraine’s most stable cities in terms of real estate investment. Despite the challenges of wartime, demand for residential and commercial space remains stable. As a professional real estate agency in Odessa, Dominanta analyzes the market and provides recommendations for investors seeking to acquire assets with high liquidity and predictable returns.

In 2026, investments in Odessa real estate will focus on three main areas: purchasing residential properties for rental, commercial real estate in Odesa for rent, and suburban homes and cottages for rent or sale.

Buying a Home to Rent Out

The most accessible and straightforward option for an investor is to purchase an apartment and then rent it out. Demand for high-quality housing remains consistently high in Kyiv, Lviv, and Odesa, but Odesa’s real estate market is attracting particularly high interest from renters—both locals and newcomers.

Current trends show that apartments in new buildings constructed between 2005 and 2015 remain the most in demand. Such properties are better suited for long-term rentals, and their rate of return averages 8–12% per year.

Tenants expect comfort: new elevators, clean entryways, a generator, security, and underground parking. That is why apartments in older buildings are increasingly losing out to the competition even at the initial viewing stage.

For the highest returns, the following work best:

• One-bedroom apartments and “Euro-style two-room apartments”;
• The apartment is fully renovated and ready for immediate move-in;
• Well-designed layouts featuring an open-concept kitchen and living room, with plenty of storage space.

It is also important for investors to take into account the tax changes for 2024–2025—real estate purchase and sale transactions have become more expensive, so a payback strategy must be planned in advance.

Commercial Real Estate

Despite challenging market conditions, high-quality commercial real estate remains one of the most profitable investment opportunities. Office space, small retail units, and downtown locations all contribute to stable demand.

Investors are increasingly turning to Dominanta to ask whether now is a good time to buy commercial real estate in Odessa. The answer is yes, but there are a few conditions to consider:

• The property must be located in an area with high pedestrian traffic;
• the building is no more than 15 years old;
• minimal repair costs;
• the presence of a tenant or clear rental potential.

According to market data, office space in business centers has shown the strongest growth—nearly 19% in recent periods. At the same time, small offices of up to 100 m² have actually become slightly cheaper, opening up additional opportunities for first-time investors.

If you’re interested in renting commercial real estate, you should focus on the Primorsky and central districts—that’s where demand is highest. And for businesses that want to start operating right away, it’s important to choose properties that require minimal renovation.

Dominanta regularly updates its portfolio and offers attractive investment opportunities for commercial real estate in Odessa that can be leased out later, as well as advice on the right strategy for entering the market.

Suburban real estate for resale or rent

In 2025–2026, suburban real estate is showing steady growth—ranging from 4% to 12%, depending on the area and type of building. Demand is growing among young families who are looking for comfort and privacy but want to stay close to the city.

Townhouses, cottages, and small homes up to 100 m² have seen the sharpest price increases—up to 18%. And although large estates are not showing such rapid growth, the marketability of completed properties remains stable. Suburban homes are a good investment both for long-term rental and for resale after renovation.

What Should You Look for in a Profitable Investment? — Tips from Dominanta Experts

Experts at the Dominanta real estate agency highlight the key factors that will help you avoid risks and increase the return on your investment in residential or commercial real estate in Odesa.

Selecting Districts

The right location accounts for 60% of success.
In 2026, the most attractive locations for investment remain:

• Primorsky District—the sea, offices, universities;
• Tairovo—well-developed infrastructure and new residential complexes;
• Langeron and the French Boulevard area—premium properties with high-paying demand;
• The Kotovskyi Settlement offers a favorable balance between price and rental income.
  

For commercial properties, the top priorities remain: the city center, Genuezka Street, Gagarinskoe Plateau, and areas with heavy foot traffic.

Effective Planning

For residential real estate, the following work best:

• One-bedroom apartments;
• “Euro-two-room apartments”;
• Two bathrooms come with a 30% bonus on the rent.

For commercial properties, it is important to have the right room layout and the ability to divide the space.

New or old fund

Newly constructed buildings that have been completed are in much higher demand. Homes built between 2005 and 2008 are still in demand, but older properties are losing popularity due to worn-out utilities and high maintenance costs.

It is more advantageous for an investor to buy a home that:

• is already ready for occupancy,
• has been recently renovated,
• located in a safe neighborhood,
• has a generator, a shelter, or off-grid systems.

If you’re planning to invest or need professional guidance on purchasing and subsequently leasing commercial real estate, the Dominanta team is your trusted real estate agency. We’ll help you calculate the payback period, select a property with high potential, and handle the entire transaction from start to finish.