News

23 October 2017

Bloomberg Ranks Kiev Apartment Rentals Second Most Expensive in World

In a recent study by Bloomberg, Kiev was listed as the second most expensive city in which to rent an apartment. Average rental figures came in twice the average salary.

The city has seen an influx of new residents over the past few years but supply of new housing and apartment stock has not kept up with demand.

Many residents of Kiev only have the option to rent as mortgages are not readily available and finance, which is available, tends to be at high interest rates.

Apartments in Kiev tend to stay on the rental market for no more than two weeks before they are occupied making it one of the fastest moving rental markets in Eastern Europe.

Beating Kyiv is Venezuelan city of Caracas where rental amounts are as high as fourteen times the average salary.

Also in the top ten most expensive cities were Hanoi, Mumbai, Bogota, Beijing and Rio di Janeiro.

London was the most expensive city in Western Europe with the average rent being 135 percent of monthly net profit.

  • 23 October 2017

    Bloomberg Ranks Kiev Apartment Rentals Second Most Expensive in World

    In a recent study by Bloomberg, Kiev was listed as the second most expensive city in which to rent an apartment. Average rental figures came in twice the average salary. The city has seen an influx of new residents over the past few years but supply of n
  • 30 June 2017

    New $150 million fund investing in small businesses in Moldova and Ukraine

    A joint venture between European and American finance organisations are set to inject a total of $150 million in funding to small and medium sized businesses in Ukraine and Moldova. The fund, known as Emerging Europe Growth Fund |||, will be managed by H
  • 29 June 2017

    New direct transport routes added from Ukraine to Poland

    Ukrainian Railways (Ukrzaliznytsia) have annonced a new routed between Kovel and Chelm. The city of Kovel is situated in Ukraine's north eastern Volyn district and a direct train will connect it to Chelm in eastern Poland. Ukraine's state railway company