The Ukrainian financial housing company held a meeting with representatives of the International Finance Corporation (IFC), the World Bank (WB), Miyamoto International Ukraine and Integrites law firm. The parties discussed the results of IFC’s research on the potential for the development of the Rent-to-Own model in Ukraine, which allows tenants to gradually buy out their housing.
The key issues discussed during the meeting were
- assessment of the potential of the Rent-to-Own product in the Ukrainian market;
- key conditions required for its implementation;
- opportunities for cooperation to develop financing mechanisms for housing solutions in Ukraine.
As a result of the meeting, the parties identified the first steps that will bring the possibility of introducing such a product in Ukraine closer.
About Rent-to-Own:
This model allows tenants to accumulate funds to buy a home through regular payments. It opens up new opportunities for those who do not have a sufficient down payment for a mortgage but need to own a home.
About IFC:
The International Finance Corporation (IFC) is a member of the World Bank Group, focused on supporting sustainable economic growth.
