The epic failure of mortgage lending in Ukraine

Despite the fact that even at the beginning of last year 2012, the mortgage loan market in the country was inaccessible to the vast majority of our compatriots, in just a year they have risen in price even more – the growth rate was about 2-3 percentage points. That is why for a given period of time, the mortgage rate on average in the country’s market be in the range from 20 to 25 percent per annum. But as the main annual disappointment, one can even consider the rise in the mortgage market, but an increase in the giu refinancing rates, thus we can talk about the actual disappearance from the Dnepropetrovsk market relatively inexpensive loans (about 15 percent per annum).

It all started quite optimistic for citizens of the country who did not have their own housing. There was a new hope that the country would be quite painlessly resolved in the housing issue. For this purpose, it was planned to actively attract state structures and appropriate support. But in practice it turned out that these hopes are not justified. Available housing actually became even less affordable.