Hi everyone, it’s Sean Almeida, founder and CEO of Vestor.Estate. It’s been a while since we talked, so I just wanted to give you guys a little bit of an update.

Current Situation

I’m currently in sunny Kyiv, where I’ve been for a few days now. As you may know, an ongoing war is happening here, but life continues. Despite the conflict, people are still out and about. Restaurants and cafes are open, and most main streets are still pretty busy. However, some areas can feel completely deserted, and there is a curfew at night. The currency has lost some value, so prices for certain things have gone down, while others remain the same.

Past and future

I started my business in 2014, during a time when the economic crisis and war made things even worse than they are now. But I built my foundation on the belief that tough times require dependable tenants and managing properties effectively. And now, despite the difficulties, business is picking up again.  We’ve had three offers for rentals in the past week, and we’re seeing more and more clients returning. Our clientele is mostly made up of international organizations and technical assistance programs like USAID and the Red Cross, and we’re relying on them to take up the apartments that are now empty.

Rental Market Trends

Rents are down by about 50%, but I believe they won’t go any further down, and may even start to pick up in the future. Once the new wave of expats comes to help Ukraine out of this mess, we can expect to see more demand for rental properties.

Conclusion

I wanted to share this update to show that even in the midst of war and uncertainty, it’s possible to keep a business afloat. As a CEO, I constantly rely on my foundation and adapt to changing circumstances. And as someone who loves Kyiv, I wanted to show you that the city is still alive and thriving. Thanks for reading. It was Sean Almeida, and I’ll be sure to share more updates soon.