Recovery of construction is expected in the second half of 2011

29.09.2010 19:50
Recovery of construction is expected in the second half of 2011 Full recovery in construction in Ukraine should be expected only in the second half of 2011, when mortgage rates in UAH will drop to 15% increase lending to construction companies and the public.

Mortgage rates c beginning of June fell by 2% to 22.73%. However, not even looking at it, they still remain very high, says Finance.

Construction output in Ukraine in August compared with July, increased by 297.1 mln. up to 4.133 bln. The indicator for January-August fell by 14% over the same period last year. However, the rate of decline in production in construction from month to month decline.

Gradual recovery of the construction, according to Nicholas Ivchenko, head of information-analytical center FOREX CLUB in Ukraine, due primarily an increase in lending to this sector. Thus, the volume of new loans to construction companies in May amounted to 1,5 billion UAH. In June - 1,9 billion UAH. In July - 2,5 billion UAH.

In addition, mortgage lending resumes population. The volume of such loans in July rose to 0.3 billion UAH.compared with 0.2 billion USD. in June. Also contributes to the growth of the construction of an increase in incomes of Ukrainians. Real wages in Ukraine during the first seven months rose by 9.3%.
finance.ua

Content tags: construction
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