Russia’s invasion of Ukraine has had noteworthy effects on many of Europe’s rental markets, as nationals and expatriates fled both Ukraine and Russia.
Events in Ukraine have been at the forefront of everyone’s mind, and global mobility is no exception. Clients are keen to understand how others are dealing with a broad range of challenges both for expatriates and local employees alike.
The crisis in Ukraine has generated a new set of unprecedented demands on Global Mobility. Companies are having to deal with the implications on international expatriates and local employees alike.
Ukraine is demonstrating resolve in the war with Russia. This includes their approach to tax compliance and administration.
Rents dropped in Dublin in the wake of COVID-19. Supply increased as assignees left the city and new rental stock entered the market. The collapse in tourism has forced owners of short-term Airbnb properties to shift to the long-term market, further increasing supply.