Page 54 - UKRRptSept21

8.1.3 Banks specific issues
Banks issued $135mn 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 years to buy a house or apartment not older than six years. About 90% of this year’s 4,652 loans have gone to buy homes on the secondary market.
54 UKRAINE Country Report September 2021 www.intellinews.com