REUTERS
Ukrainian government expects to lower mortgage rates to 9-10% as early as September.
In Ukraine, about 90% of citizens are unable to acquire a home because of the high cost of real estate, says Deputy Minister of Community Development Valentyna Moskalenko, speaking at the forum "Mortgage – an instrument of rapid economic development".
"In Ukraine, it's 24 square meters of housing per capita, while the criterion is 30 square meters," Moskalenko said.
Moskalenko called the development of mortgage lending in Ukraine a priority for the economy development, and stated readiness of Ukraine authorities to facilitate the process.
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According to UNIAN, Ukrainian government expects to lower mortgage rates to 9-10% as early as September.
The National Bank earlier reported it was possible to reduce rates to such a level in the next two to four years – that's in case inflation remains low and stable.
The Confederation of Developers of Ukraine predicts that halving the mortgage rate in Ukraine – down to 9-10% per annum – would increase the volume of urban development across the country by 30-40%.