Financing of the residential real estate market:domestic and foreign experience
Ескіз недоступний
Дата
2020
Автори
Назва журналу
Номер ISSN
Назва тому
Видавець
KNUTE
Анотація
The actuality of the theme: Sustainable socio-economic development of any
country is impossible without the effective functioning of mechanisms for providing
quality financial services in the residential real estate market.The current economic
situation in Ukraine is characterized by high turbulence and growing crisis
processes, which negatively affects the financial and real sectors of the economy,
reduces real incomes and slows down investment processes.
In developed countries, housing construction is actively developing due to
well-established and reliable financing mechanisms, primarily through bank
lending.In contrast,high interest rates on borrowed resources in Ukraine,as w ell as
imperfect risk management technologies and gaps in the assessment of technical
aspects of investment construction projects limit the ability of domestic banks to
lend to developers.At the same time,the renewal of the housing stock is due to the
existence of an objective need for economic recovery.
Reduction of investment activity and inflow of borrowed capital in the
housing sector during the crisis significantly exacerbated the problem of low, by
world standards, housing in Ukraine,which requires the development of ways to
improve the interaction of resindetional real estate finance in order to balance their
rights and interests.
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