SMI will finish at home 350-400 mln by year's end

28.10.2011 00:00
Articles about real estate | SMI will finish at home 350-400 mln by year Until the end of this year, the State Mortgage Institution (SMI) is planning to finish the residential properties to the amount of UAH 350-400 million, thereby doubling the number of finished apartments, said Victor Mirgorod, board chairman of the State Mortgage Institution.

In addition, the official urged the Ukrainian banks and developers to apply to the state mortgage agency within the program of state support for completion of housing.

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SMI can provide loans of builders is needed to complete the construction sites for a period of 2.5 years at an interest rate of 15% per annum.

This program provides mortgage servicing bank for the people of apartments in these buildings up to 30 years in the national currency at rates of up to 15% per annum.

Mirgorod said that social construction is the object of living object, whose value does not exceed 8 thousand UAH per square meter. And, in some regions, no more than 6-7 thousand USD per square meter.

Content tags: Housing
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