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Personal cabinetDevelopment of mortgage lending in Ukraine. Current state and prospects of development
Bibliographic description of the article for the citation:
Валентина Левченко and Таміла Поліщук. Development of mortgage lending in Ukraine. Current state and prospects of development//Science online: International Scientific e-zine - 2021. - №12. - https://nauka-online.com/en/publications/economy/2021/12/19-5/
Annotation: Intensification of mortgage lending is a priority task for the recovery of both the credit market and the economy of Ukraine as a whole. The article presents the results of a study of the current state of the domestic mortgage market. One of the main obstacles to mortgage development is the high cost of credit resources along with low incomes of the majority of the population. Bank mortgage lending is currently in a state where mortgage lending is virtually unavailable to the majority of the population. The analysis of bank real estate lending programs showed that the longest term of lending to bank lending programs is 20 years, and the largest amount of credit funds - UAH 2 million, the first installment ranges from 20-50%, commissions of 1% are required and Homeowners insurance does not offer special lending programs for young people. Consideration of government mortgage support programs shows that they are functioning, but are able to meet the demand of only a small number of families who meet the requirements of the program and have an urgent need for housing.