Everyone's linking to this BBC piece on Kyiv's real estate, so I'll do, too:
Yet Kiev is now believed to be the most expensive city in Eastern Europe in which to buy a home.
Prices increased by 10-25% in just the final two months of 2006.
The cost of apartments has already overtaken some EU cities like Amsterdam.
"Kiev has experienced such a property boom. I bought a flat three years ago for $30,000, and now its worth up to $200,000."
"In my experience the most expensive places cost $25,000 per square metre," says Parker and Obolensky's Ruslan Suchkoe.
"That's not a joke. Apartments of this price are about 100 to 300 square meters in size."
Such a valuation would put the top of the market at around $7.5m.
But despite the building frenzy, Ukraine remains one of the poorest countries in Europe.
The cheapest one-bedroom flat in Kiev costs in the region of $100,000- far beyond the reach of most people in a city where the average salary is about $200 a month.
I hope they do a piece on Kyiv's Lexus boom next.
Here's what's being built right outside our window at Besarabka: