Credit support for housing construction in Ukraine: recovery opportunities
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2019, Vol 4, Issue 4
Abstract
Research subject. The subject of the study is a set of relations between banks as mortgage lenders and households (as borrowers) regarding lending to housing construction in Ukraine. The purpose of the article is to justify the possibilities of resuming lending to housing construction in Ukraine and further development of the residential mortgage market. наMethodology of work – the methodological basis of the study is the dialectical method of knowledge, the theory of investment, money and credit, mortgages. The following methods were used: systemic, generalization, analysis and synthesis, observation, statistical – in the study of the peculiarities of the development of mortgage lending and housing markets; comparison, formalization – to determine the prospects for the development of housing market with the use of mortgage lending mechanisms. The results of the work – considered the issues of credit promotion of housing development in Ukraine, in particular through mortgage instruments. The material is presented in terms of the dynamics of bank loans to households for the purchase, construction and reconstruction of housing. The peculiarities of modern development of housing and mortgage lending markets of Ukraine are determined, in particular: the predominance of trading transactions on the secondary housing market; residential mortgage stagnation; Maintaining significant financial risks for mortgage operations; a significant dependence of the mortgage market on cyclical fluctuations in the economy and household expectations. New possibilities of lending for housing construction are grounded. Proposals concern the development of primary and secondary housing markets with the activation of mortgages for such purposes. Conclusions – mortgage lending on housing is constantly relevant and requires the use of new opportunities for its solution. In modern conditions, the mortgage serves as a financial instrument for the development of the real estate market. Possibilities of credit stimulation and securing the purchase of housing in the primary and secondary markets are extremely important. At the same time, it determines the prospects of the development of the construction industry on the basis of its mortgage lending to meet the needs of housing. Such a financial–industrial segment of the economy is multicomponent, which combines the activities of banks, construction organizations and households (the latter as consumers of mortgage products of banks and purchasers of housing in new buildings). Banks act as partners of construction organizations and the population throughout the term of a mortgage loan agreement
Authors and Affiliations
V. V. KORNEEV, D. V. DEMCHENKО
Keywords
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- EP ID EP593177
- DOI 10.5281/zenodo.3245084
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