Ukrainian banks have begun to actively return to the mortgage market. Thus, according to the company Prostobank Consulting, over the past few months the number of the financial institutions willing to issue mortgages to the population, has more than doubled - up to 15. About how this is a significant breakthrough for the Ukrainian financial sector, said at least the fact that back in July of 2009, housing loans provided only one bank, says Case.

The main reason that motivates financial institutions to enter the mortgage market, bankers called excess liquidity and stabilize the economic situation in the country. "The banks have appeared excessive liquidity, and mortgages - is one of the most capacious credit products, which, in theory, can quickly absorb this money," - said the director of department of retail products of Raiffeisen Bank Aval Eugene Demyanov.

Most banks are willing to provide loans or mortgages, or buy it on the secondary market. Work on the "primary" ready to just 6 the financial institutions, and thus all they finance mortgages exclusively in those houses where are the investors themselves.

ipotekaS increasing number of participants in the mortgage market, a number of banks significantly lowered the rates on loans. For example, for the first three months of 2010 Volksbank lowered rates from 22.4 to 20.38% per annum. Universal Bank has reduced fees for a loan of almost 3 percentage points (PP) - up to 23,3% per annum. "There is an undeniable trend Ukrainian mortgage market: the recent rates began to decline, albeit marginally (0,5-2 PP). By the end of the year, this trend will undoubtedly increase, and by late summer - early autumn, the average market rate may be reduced even by a few percent ", - said a board member of Universal Bank Vitaly Shastun.

In March average market value of mortgage loans (secondary market, loan term - 10 years) decreased by 0.63 PP, and now stands at 26.05%.

Demands for potential borrowers from banks rather similar. Key: minimum initial contribution of 30-50% of property value, and the official income exceeding at least twice the size of monthly loan payments. Bankers are still wary of borrowers who work in the field of construction and development, as well as gambling and power structures.

One hundred and one buyer sale

High lending rates and stringent requirements for borrowers are the main reasons that despite the increase in the number of banks declare willingness to lend to mortgage activity in this market is still insignificant. "The volume on this market there. The rate more than 20% will make the mortgage actually impossible for the borrowers and people are in no hurry now to buy apartments on credit "- notes the director of department of retail products of Raiffeisen Bank Aval Eugene Demyanov.

Bankers are now trying to sell mortgages, recognized that a special demand is not being used. "Because of the high cost of resources and low activity in the real estate market today for 100 objects for sale, accounting for about one customer. Mortgage market almost does not develop. Compared with the pre-crisis situation, he dropped dozens of times ", - states Vitaly Shastun.

According to the participants of the market, the small number of new "post-crisis" borrowers - people who have a mortgage to buy inexpensive real estate. "Now the majority of mortgages are held with the participation of young families who buy so-called" first "housing - one-bedroom affordable apartments", - said director of "Credit Broker Alexander Andriichuk.

To Euro-2012 will revive the mortgage

All the experts in solidarity: to mortgages in Ukraine once again became a mass product, the cost of credit should be reduced to at least 15-16% per annum. When that might happen, bankers' single point of view there. Director of product management, retail business VAB Bank Shaperenkov Anton believes that not before 2012. And Vitaly Shastun and Eugene Demyanov expect that rates will drop to acceptable levels in the first half of 2011-th.

Another factor which has a primary influence on the activity of buyers - the dynamics of prices for apartments. "There has to be stabilization of prices in the market. As long as potential buyers will be expected to further reduce the cost of real estate, real movement in Gaza will not be ", - concludes the president of the Union real estate of Kiev Igor Odnopozov.