UKRAINE : Housing Is Pricey In Kyiv...With Mortgage Rates At 18%.

http://www.bloomberg.com/news/2012-06-19/ukraine-captive-to-soviet-era-after-lending-collapse-mortgages.html


     The cost of housing in Ukriane...is among the highest in Eastern Europe...as a proportion of average income.
     The housing industry there has stagnated since the 2008 credit crisis...with its currency down a staggering 41% vs the usd.
     Mortgage rates jumped to 30% in 2010...from 10% in 2007.
     They now hover around 18%.