Developers in Ukraine have outlined the main ways to stimulate the real estate sector, emphasizing the need to increase funding for the state program
This is reported by Finway
“eOselya”
. They believe that to improve the situation, it is important to expand the categories of participants in the program and simplify access to mortgage lending for the population.
Experts from Greenville note that currently the
“eOselya”
program does not serve as a driver for the real estate sector due to a number of restrictions and bureaucratic obstacles. Representatives of Perfect Group emphasized that all citizens seeking to improve their living conditions should have the opportunity to apply for a loan. In their opinion, this would stimulate not only social stability but also the development of the economy as a whole, especially the primary housing market, which will impact related sectors.
Additionally, expanding access to commercial mortgage lending with partial state compensation of interest rates for various segments of the population is also important, as noted by KAN Development.
Furthermore, experts highlighted the significance of continuing cooperation with international partners for the financial support of mortgage programs and the development of new mechanisms to support home purchases, which is considered by the company
“RIEL”
.
ENSO also believes that a large-scale state renovation program for outdated and emergency housing stock will be an effective step in addressing the housing issue.
According to Ukrainian banks, 427 mortgage loans were issued in March for a total amount of ₴795 million, which is 14% less than in February. Most of the loans, according to the information provided, were issued under the state program
“eOselya”
, under which since October 2022, 17,064 Ukrainian families have received loans totaling over ₴28.1 billion.