President to Launch 5% Mortgage Programme

President to Launch 5% Mortgage Programme

Zelensky’s administration intends to launch the “Ukrainian Dream” program with a low mortgage rate. The state program tagged the “Ukrainian Dream”, with a mortgage rated at 5% per annum, will be launched between January-March 2022, said Deputy Head of the office of The President, Rostislav Shurma. From now on, an average Ukrainian family with an income of UAH […]

Record high GDP

Record high GDP

Ukraine’s GDP has reached a historic high — $195 billion, . Looking ahead, growth will be propelled by government spending: insulation of apartment buildings, restoration of irrigation systems, cheap mortgage loans, and financing of exports. Analysts predict that GDP growth will be 3% this year. Notice: JavaScript is required for this content.

Increased Mortgages, Prices, Retail Trade

Increased Mortgages, Prices, Retail Trade

Under a new government programme, mortgages are now available at 7%, maximum amount $76,000, 20 years, and down payment 15%. Loans are now issued for the purchase of residential property in the construction phase in the primary market, or the secondary market. Average Kyiv apartment prices continue to rise.  Please note these figure are the average […]

Ukrainian news

Ukrainian news

Hryvnia has become one of the currencies worldwide that strengthened the most in 2021. Ukrainian hryvnia is among the ten currencies in the world that strengthened the most against the US dollar in 2021. According to Ukrinform, this is supported by Bloomberg ratings, with currencies in Eastern Europe’s best performer this year. According to Deputy […]

New Record Average Salary

New Record Average Salary

The average salary in Ukraine has exceeded $500. This is an absolute record for our country said Prime Minister Denys Shmyhal. “In June this year, it amounted to 14,313 hryvnias ($525), an increase over the year by almost 24%. The largest average salary is in Kyiv UAH 20,400 ($760), the smallest in the Kirovograd region […]

The Effect of Mortgages on FSU RE

Interesting to see the effect of mortgages on FSU real Estate markets. Tycoons Make Billions From Russian Property in Pandemic Boom 2021-09-24 06:00:00.9 GMT By Alex Sazonov (Bloomberg) — Russia’s property tycoons are minting vast fortunes after a government move to boost the market during the pandemic helped spur a housing boom. Sergey Gordeev, the […]

Mortgages Triple, China Trade Surges

Mortgages Triple, China Trade Surges

 Banks issued $135 million in home mortgages during the first half of this year – more triple the amount of January-June 2020, reports the National Bank of Ukraine. Spurring the flow of money, the government adopted March 1 its ‘Affordable Mortgage 7%’ program. Under this program, up to $75,000 can be loaned for up to 20 […]