KIEV, April 11 – Demand on the housing property leasing market in Kiev is plummeting, supply is skyrocketing, and the decline in the long-term rent rates in the capital reached 20% in March compared to March 2013, according to a March survey of the secondary housing property market in Kiev conducted by specialists from Colliers International consulting company jointly with the address.ua apartment search portal.

"Due to the reduction of purchasing power and the fall in business activity many employers in 2014 started dismissing employees in their companies. Many employees from other towns after losing jobs have to leave the capital. As a consequence, apartments that were leased become vacant, and the leasing market is losing leasers," reads the report, citing a managing partner of Business Development Harmony recruiting company Tetiana Shamatukha.