Only 20% of developers offer collaborative with banks mortgage programs
KIEV. 19 Aug. UNN. The mortgage is still underdeveloped and not very accessible. Although construction companies are trying to develop this area, to date, 20% of them have a joint mortgage lending program with the banks. This is stated in the article relevant website Build Portal, reports UNN.
According to realtors, today only 3% of housing in Kyiv and the Metropolitan area purchased with the help of banks and mortgage loans.
Therefore, in our country every year, and every month increases its momentum campaign to grant interest-free or low-interest installments and loans directly by the developer for a period 5-7-9 years. Moreover, and this period has steadily increased.
Today, developers offer the so-called program of “Rosterminalugol”. The developer often offers your potential client interest free maintenance at the initial stages of construction. The closer the time of delivery of object in operation, the correspondingly becomes higher and the cost of housing. The price per square meter during the construction of the houses below, and the buyer has plenty to choose from. And the amount left to pay until delivery of housing in operation, no interest is paid, and paid the cost of housing does not change during the construction process. Also a big plus for the investor in the construction is that unlike banks, a construction company requires the potential buyer’s income and a number of other documents. Do not need guarantors. In addition, during such instalments, according to one of the leaders of “Ukrainian club of real estate” Olga Solovey, you can specify an individual schedule of payment of installments, for example monthly or quarterly.
However, the expert notes that after all, banks are trying to maintain at least a minimal process of crediting of the population.
“Already, 20% of building companies of Kyiv and the Metropolitan area have a joint program with the commercial banks on mortgage loans. Compared to last year, the number of such companies increased by 5%, and this trend every month, only stronger,” – emphasizes Olga Solovey.
We will remind, the Deputy Chairman of the Office of the President Alexey Goncharuk said recently that next year, the Ukrainians will be able to take advantage of mortgages at 12-13% in local currency.
Today the nominal annual interest rates on the mortgage loans in the Ukrainian banks make up about 20% per annum excluding commissions and other additional payments.
In total in Ukraine, according to experts, no more than 10 banks are working in the field of mortgage lending, and they carefully approach the selection of the developer, which will be their partner, choosing only reliable and. Most mortgages are issued in the framework of programs of cooperation with banks, private developers, for example, such a program has HC “Kyivmiskbud” offers the acquisition of housing in installments.
Real estate experts positively assess this cooperation of developers and banks, however, such programmes do not have a large impact on the overall market. According to the expert Sergei Kostetskii, the development of mortgage lending would enhance the housing market and aligned to the price of housing.