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Program not likely to spur mortgage lending to boost home ownership

Author: Svitlana Tuchynska All articles by this author

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Oct. 11, 2012 22:51
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Mortgage lending in Ukraine never recovered after the real estate bubble popped in the wake of the 2008 financial crises.
Photo by www.credits.zp.ua

It all begun with great fanfare and promise: The government will help low-income families living in poor conditions to buy new apartments. So far, however, results have been modest, with less than 700 people signing up for the Affordable Accommodation program since its launch in May.

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