President of Ukraine

At the initiative of the Head of State, the government approved a resolution on affordable mortgages within 7% per annum

27 January 2021 - 15:09

Pursuant to the task of President of Ukraine Volodymyr Zelenskyy, the Cabinet of Ministers approved a resolution on reducing the cost of mortgage loans.

The Head of State has repeatedly stressed the importance of reducing interest rates on housing loans. Since last fall, a number of banks have started providing mortgages at 10%, but the President has set a goal to reduce the interest rate to 7%.

"Affordable mortgages were among the important points of my election program. In addition, this is another step of Ukraine in the direction of a civilized world and ensuring a decent life for our citizens," Volodymyr Zelenskyy noted.

The program to reduce the cost of mortgage loans will work within the "Affordable loans 5-7-9%" program.

This program will make mortgages more affordable, and more families in need of better living conditions, including young families, will be able to buy a new home.

In addition, mortgage lending will promote economic development and create additional incentives for young Ukrainians to stay and work in their homeland.

The resolution will be finalized by the Ministry of Finance within two days and submitted to the Prime Minister for signature by Friday, January 29.