The role of insurance companies in the hypothec market
20 April 2008On a background of insignificant delay of rates of a gain of macroeconomic parameters in 2005, during 2000-2006 Ukraine has been showing stable economic growth and real incomes of the population have the positive tendency to increase. Volumes of housing construction have the precise tendency to growth, but they make only 40 % from level, reached in 1987. The average price for one square meter in Kiev in 2007 has reached $2800-2900; therefore the question of maintenance of the population of Ukraine habitation remains extremely urgent.
Under standards of the minimal living conditions of the United Nations (30 square meters per person), in Ukraine average security of the population habitation does not exceed 22-23 square meter per one person, that is 2-2,5 times less, than in the countries with the developed economy.
Concerning other factors, which assist development of the market of inhabited hypothec crediting in Ukraine, there is a relative stability of national currency, growth of incomes of the population and formation of middle class (by estimations of experts, the middle class in Ukraine makes 8-10 % of the population), increase in a share of urgent deposits in structure of banks’ obligations (in 2006 urgent deposits made 66,1 % in a depositary portfolio of banks, and in 1 m quarter 2007 - 66,9 %), the generated and liquid market of the inhabited real estate and presence of acute problem of maintenance of the habitation for population, the generated legal basis of hypothec crediting.
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