Reasonable mortgage rates should be 7-8% per annum

09.06.2012 00:30
Articles about real estate | Reasonable mortgage rates should be 7-8% per annum State Program Reduced mortgage at 3% per annum will contribute to the development of industry and the interest rate can be increased by about 2.5-fold, but the list of participants should be significantly expanded, the head of the board of directors of the Confederation of Builders of Ukraine Lev Partskhaladze.

"If the rate is even at 7-8% of the population was, and that normal people would have rejoiced and were happy, but only to enable more people to use" - said L.Partshaladze.

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Head of the Board also noted that the LCP as a whole supports the initiative of President of Ukraine to implement the state program Reduced mortgage, which "will contribute to the number of finished NPP facilities."

Recall that the mechanism of reduction in price of mortgage loans worth no more than 16% per annum provided for up to 15 years at UAH, suggests a partial compensation actually paid to the borrower per cent to 3% per annum at the expense of the state budget, provided in a given year. The list of real estate, including construction in progress, acquired under goskompensatsii interest rates on loans, supplemented by unrealized stroyobektami introduced into service after 2009, the advantage - a loan for young families with children and the "waiting list", and the borrower's income must not exceed 10 times the average monthly salary.

Content tags: Mortgages
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