The demand for luxury real estate is growing. In the TriCity, the increasing interest of real estate clients can be noticed in expensive properties located at best locations in the TriCity. Nowe Orłowo, Sopot, Gdynia’s city centre, and the seaside zone of Gdańsk are the locations that attract greatest interest. Is the TriCity’s market of premium apartments for rental attractive?
It is certainly attractive, which is proven by investment projects that have been already completed, are being executed, or are being planned. Best apartments disappear from the offer of developers immediately. They often emerge on the secondary market, because they can be resold with profit, usually serving to residents of other areas of Poland or foreigners as their second home. They are frequently purchased for short- or long-term rental. The attractiveness of the market is shown by the fact that the demand is in excess of the supply. Not enough premium apartments are being constructed to fulfil the actual demand.
Let us assume that I own a 100 sq.m. apartment at an excellent location in the Lower Sopot. It is a luxury apartment with excellent furnishing. I take a decision to let it. What options do I have?
If you come with this apartment to Lasota Business Consulting, you can be sure that we will find a good and trouble-free client immediately. We will fulfil all the formal requirements for you, to secure your interests.
But why should I come to you, if I can place an advertisement at different advertising portals and rent the apartment to tourists?
You can certainly do that and you can be sure of finding customers, as Sopot is a holiday resort and a tourist city. But then you choose a short-term lease, which, even in Sopot, is less profitable than long-term lease. We are speaking of the premium apartment rental of course. Please, put on the one side of the scale the time you need to take care of the business, the constant difficult contacts with tourists, much heavier wear of the apartment, daily cleaning, supplies of linen and towels, a much lower occupancy rate outside the summer season, etc. You can certainly employ a specialist contractor that manages holiday apartments, but the profits will be even lower then. And on the other side of the scale put a reliable tenant, often from abroad, a long-term tenancy agreement, very good money, and zero concerns.
And can you find me this type of tenant?
Yes, I can. Our expertise is in long-term corporate rental. Our clients are large businesses, Polish and global corporations, and international institutions. Renting an apartment to an employee of a large international firm means the safety and guarantee of constant revenue for the owner of a flat, often for years. To find a client for a premium apartment is not a problem today, especially for the Lasota Business Consulting agency. We have specialised in serving corporate clients for years, have a large group of loyal clients, who use our services to find apartments of highest class for their personnel and their families. As I have already mentioned, the demand exceeds the supply, and it is a bigger problem to find a suitable apartment that would fulfil the expectations of demanding clients.
So what kind of apartments do you look for?
I search for 3-4 room apartments of high standard for NATO officers from Poland, Canada, the US, and the Czech Republic, located by the seaside in Gdańsk. The monthly budget is at PLN 7,000.00. On the other hand, a client from the Nordic countries would like to place his employee in the Main City in Gdańsk, preferably in Szafarnia or in the developments of Kwartał Kamienic or Brabank. In this case, the minimum tenancy is for 24 months. Another client from the IT sector would like to rent a 3-4 room apartment in the Lower Sopot. A client from a law firm has the budget of 10 thousand PLN/month to rent a four-room apartment in Nowe Orłowo or Sopot, and a European consulate is ready to pay even more for a luxurious home of high standard by the seaside. Apparently, the demand is high, our clients have high expectations, and they are ready to pay much for luxury, comfort, and a good location.
Autor: Max Radke Prestige 88 01/2018
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