Ukraine is developing a significant update to its mortgage programs. Ukrainian banks remain cautious due to risks related to construction and legislation. The National Bank has outlined a clear plan, with optimistic expectations that the main changes could be in place by the end of 2026, said Pervin Dadashova, Director of the NBU’s Financial Stability Department. She noted that the market is waiting for transparent mechanisms to regulate developers and guarantee refunds. The strategy includes legislative changes, new risk assessment approaches, and stronger bank protections, indicating a move toward systemic reform rather than isolated measures. Dadashova added that the future of mortgage lending depends more on systemic reforms than banks’ willingness, and if reforms are timely, the market could recover fully in a few years.Meanwhile, Danylo Hetmantsev, chairman of the Verkhovna Rada Committee on Finance, said the upcoming 3% mortgage for one million Ukrainian families should learn from past mistakes such as those encountered with the eOselya program. The new initiative aims to be more accessible and serve as a major reconstruction effort post-war, supporting vulnerable households and boosting construction. Hetmantsev expects legislation to pass by fall 2026, with funding from the stock market, bank liquidity, international partners, and the state budget.https://ubn.news/ukraine-is-developing-a-significant-update-to-its-mortgage-programs/ (ICE KIEV)

Fonte notizia: Ukrainian Business News www.ubn.news