Property Market News

Sea Town: construction progress, 3 February 2026

FAKTOR team
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Sea Town on Akademika Sakharova Street: the site report for February. The building has entered its planned completion year, 2026, and the buyerʼs questions change with it.

While a year was left, the land documents and the permit were what mattered. Now other things do: parking, utility connections and who will manage the building. These are asked about last and paid for first.

The address of the complex: Akademika Sakharova, 14, Peresypskyi district of Odesa, the Kotovskoho area.

Parking: how many spaces for how many apartments

The question is not whether there is parking but how many spaces there are against the number of apartments. If there are noticeably fewer, some cars will stand in the courtyard and on the street, and that is a permanent dispute between neighbours which nothing solves after handover.

The second question is whether a space is sold separately or included in the price of the apartment. Usually separately, and it is a sum missing from the buyerʼs calculation. Ask the price of a space at the same time as the price of the flat, not afterwards.

Utility connections

A building that is up, and even accepted, can still be without a permanent connection to the networks. For a buyer that means living on temporary arrangements: interruptions, higher tariffs, or being unable to register a residence.

So in the completion year you ask about the technical conditions and the state of connection for each network separately: water, drainage, electricity, gas or heating. The answer "it will all be there" is not an answer unless it comes with a date.

Who manages the building and what it costs

After handover the building is run either by a residentsʼ association or by a management company appointed by the developer. The difference for an owner is who sets the tariff and whether it can be challenged. New builds often add a one off service fee when the keys are handed over.

Ask about the monthly charge and any one off fee before the deposit: they do not appear in a buyerʼs estimate by themselves, and they are payable from the first month.

How this compares with the market

Sea Town is comfort class in the most affordable part of the city: apartments of 30 to 65 m² with a finish from the developer. A metre across Odesa apartments now costs 942 $, and a metre in a new build costs more than one on the resale market almost always.

Current prices and layouts in this particular building are on the Sea Town page, and prices by district and micro district on the apartment prices in Odesa page: they change, and there is no sense in freezing them into a news item.

Does Sea Town have parking?

Confirm whether there is parking and how many spaces with the sales office, along with the price of a space. What matters is the ratio of spaces to apartments: noticeably fewer, and some cars end up in the courtyard.

Is a parking space included in the price of the apartment?

Usually not, a space is sold separately. It is a sum missing from the buyerʼs initial calculation, so ask its price at the same time as the price of the flat.

What does maintenance cost after handover?

The tariff is set by the residentsʼ association or by the developerʼs management company. New builds often add a one off fee when the keys are handed over. Both sums are worth knowing before the deposit.

When is Sea Town due for completion?

The developer gives 2026 as the planned year. The catalogue shows the term as 2024 to 2026 because the building goes up in phases. Confirm the current date with the sales office: a slipped deadline is ordinary practice in this market, and it is better to know before the deposit.

Does the buyer pay a commission?

No. Apartments in new builds are sold at the developer price and FAKTOR is its partner. The documents for Sea Town (Sea Town) can be checked together with a FAKTOR specialist before any deposit.

People usually compare Sea Town with: Sea View, ITown in Odesa, mortgage, valuation, state programmes.

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FAKTOR team
Real estate agency: sales, new developments, rentals and legal support of deals in Odesa.
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