Program not likely to spur mortgage lending to boost home ownership

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Oct. 11, 2012, 10:51 p.m. | Business — by Svitlana Tuchynska

Mortgage lending in Ukraine never recovered after the real estate bubble popped in the wake of the 2008 financial crises.

Svitlana Tuchynska

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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