Ukraine should move from just asking for help to building full-fledged partnerships with international investors in the housing and housing finance sectors. To achieve this, the country is already developing the legislative framework and financial instruments needed to attract long-term capital into the industry.
This was stated by Ievgen Metsger, the Chairman of the Board of PJSC “UFHC”, during the panel discussion “How to Build an Effective Ukraine–U.S. Partnership in Housing” held as part of the working meeting “Ukraine–U.S.: Partnership in Housing and Reconstruction,” organized by PGR Consulting Group with the support of the Ukrainian Developers Association. The meeting was also joined by Leon Skarshinski, Senior Commercial Officer (FCS) at the U.S. Embassy in Ukraine.
According to Ievgen Metsger, Ukraine has significant housing market potential and can become a reliable partner for joint investment and development projects. One of the key priorities is creating the conditions for mortgage-backed securitization and attracting funding through capital markets.
“We are already working on the securitization law, which is currently under consideration in its first reading in the Verkhovna Rada. Once adopted, Ukraine will be able to move to a new level of attracting resources for the development of the housing market,” said the Chairman of the Board of UFHC.
He also added that the development of modern financial instruments would help scale up housing construction, attract more investment into the sector, and expand access to affordable mortgages for Ukrainians.
