Sochi is the largest resort city in Russia, located in the south of the country, the administrative center of the municipal formation of the resort city of Sochi. Sochi is the economic and cultural center of the Black Sea coast of Russia, as well as an important transport hub. Among the unofficial names of the city are the "summer capital of Russia", "resort capital of Russia", and "Pearl of the Black Sea". From the southwest, the city is washed by the Black Sea, from the east - by the Psou River and the Mzymta River, from the west - by the Magri and Shepsi Rivers. Every year the city is visited by about 8,000,000 tourists from other cities of Russia, near and far abroad countries. Tourists are attracted by beautiful sandy beaches, pleasant subtropical climate, mineral springs, world-famous ski resorts. The city was founded in 1838, and the first resort appeared here in 1909. The city is famous for its historical landmarks, in particular two military forts: Lazarevskoye and Golovinskoye.
Sochi real estate is a large number of apartments and flats in new and secondary residential complexes, as well as houses, villas and cottages in villages. Sochi developers are several dozen construction companies that erect new buildings in order to satisfy the ever-increasing need of the local population and expats for new, high-quality housing.
Every year, in addition to millions of tourists, a large number of people from other cities of Russia move to the city. Many specialists come to work for several years, but a significant number of families move to live in a warm, comfortable climate. Sochi real estate is very well suited for the rental business, both in the short-term and long-term format. Many real estate investors invest financial resources in real estate at the early stages of construction for resale after several years of ownership. Currently, the cost of a square meter of Sochi real estate is the highest in the country, and in terms of the growth rate of new real estate objects, the city is in first place in Russia. Investors considering buying real estate in Russia often choose Sochi real estate because of its incredibly high investment potential. The demand for renting and buying real estate here exceeds supply so much that the growth in real estate value in some cases is tens of percent per year.
Our website contains ratings and reviews of Sochi developers left by real estate buyers. Careful reading of the reviews will allow you to form your own opinion about the quality of construction and finishing, construction timeframes and reliability of developers. This will help you make an informed decision about investing in one or more of the developers' properties.