State program ‘yeOselia’ has already started investing in construction by launching a new stage of mass mortgages. Ievgen Metsger, Chairman of Management Board at UFHC, spoke about this and the main changes in the work of ‘yeOselia’ at an expanded meeting of the Confederation of Builders of Ukraine held on the eve of the Builder’s Day.
The Chairman of the Chairman of Management Board at UFHC emphasized the importance of ‘yeOselia’ work in the primary property market. “The new stage of the program will definitely give the necessary boost to the construction market. We are making every effort to ensure that the positive economic effect is tangible,” said Metsger. He also added that since August 1, when the mass mortgage program was launched, three citizens have already purchased their own homes under ‘yeOselia’ with an annual interest rate of 7%.
Nine borrowers have already purchased apartments in houses under construction and 804 have purchased apartments in completed houses from developers. Currently, the three partner banks of the program have accredited eight residential complexes from seven developers where Ukrainians can purchase property rights to an apartment.
Among the participants of the event were Lev Partskhaladze, President of the Confederation of Builders of Ukraine, Olena Shulyak, Chairman of the Verkhovna Rada Committee on Organization of State Power, Local Government, Regional Development and Urban Planning, Mustafa-Masi Nayem, Chairman of the State Agency for the Restoration and Development of Infrastructure of Ukraine, and others. The participants discussed trends in the construction industry, changes in legislation and challenges facing real estate market players. Representatives of the government and the construction business jointly determined that builders have an important mission during the war and after our Victory.
