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.

  • 25 May 2018

    UEFA Champion's League Final in Kiev on Saturday

    It's exciting times for football fans as the widely anticipated final between Real Madrid and Liverpool prepares for kick off on Saturday. The UEFA Champion's League competition has been held in Ukraine's capital of Kiev this year with the final match du
  • 18 May 2018

    Kievans Offer Free Accommodation to Football Fans

    With less than a couple of weeks before the UEFA Champions League final in Kyiv, there has been a shortage of accommodation for football fans. Nearly 100,000 visitors are expected to visit for the men's and women's finals in what is one of football's most
  • 3 April 2018

    Ryanair Confirms Flights to Ukraine

    After long term negotiations, Ryanair has confirmed it plans for a range of low cost flights to Ukraine. At a recent press conference at Boryspil International Airport, Ukrainian President Petro Poroshenko and Ryainair CEO Michael O'Leary confirmed the ne