REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

The Current Features of the Mortgage Market Development in European Countries: Lessons for Ukraine
Dunas N. V.

Dunas, Nataliia V. (2019) “The Current Features of the Mortgage Market Development in European Countries: Lessons for Ukraine.” Business Inform 7:278–287.
https://doi.org/10.32983/2222-4459-2019-7-278-287

Section: Finance, Money Circulation and Credit

UDC 336.77.067

Abstract:
The article is aimed at studying the current features of development of the mortgage market in European countries in order to identify promising directions of improvement of financial and economic levers and regulatory approaches to its reform in Ukraine. The socio-economic, macroeconomic and financial indicators of the European mortgage market are analyzed, in particular the share of social rented housing in the housing stock of countries; comparisons of the share of non-refundable mortgage loans, the volumes of mortgage crediting, the capital investments of the population, the cost of mortgage crediting are carried out. Key positive features of development of the mortgage market in the EU have been allocated as benchmarks for improving the functioning of the mortgage market in Ukraine, namely, increasing financial resources for the long-term investment in house-buying; reducing the cost of loans and creating the conditions for proper forecasting of the financial future; increased social and legal protection of the population, in particular with regard to the provision of social rental housing; improving transparency and information transparency in the mortgage market and providing all participants with relevant information about investment prospects; creating unified regulatory approaches to standardization in assessing the value of collateral assets; improving the methods of regulation of financial risks in concluding mortgage contracts on the part of both creditors and borrowers.

Keywords: mortgage, mortgage market, transparency, capital investments, mortgage crediting, cost of loans, non-refundable mortgages, assessment of the value of collateral.

Fig.: 3. Tabl.: 1. Bibl.: 23.

Dunas Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Banking and Insurance, Lviv Educational-Scientific Institute of the University of Banking (61 Viacheslava Chornovola Str., Lvіv, 79019, Ukraine)
Email: [email protected]

List of references in article

Mamedov, S. “Ipoteka - yak defibryliator dlia ukrainskoi ekonomiky“ [Mortgage - as a defibrillator for the Ukrainian economy]. Finance.ua. 08.02.2019. https://news.finance.ua/ua/news/-/443644/sergij-mamedov-ipoteka-yak-defibrylyator-dlya-ukrayinskoyi-ekonomiky
“TeGova. REVASE: Resources for European Valuation Standards in Europe. October 2017“. https://www.tegova.org/en/p59e0a67c9eb7e
“European Mortgage Federation. Funding the real economy“. A review of Europe's Mortgage and Housing Market. September 2018. https://hypo.org/emf/publications/hypostat/#
“RICS. Bank lending valuations and mortgage lending value“. RICS professional standards and guidance, Europe. March 2018. https://www.rics.org/globalassets/rics-website/media/upholding-professional-standards/sector-standards/valuation/bank-lending-valuations-and-mortgage-lending-value-1st-edition-rics.pdf
“European Banking Authority“. Opinion of the European Banking Authority on Mortgage Lending Value (MLV). October 2015. https://eba.europa.eu/documents/10180/983359/EBA-Op-2015-17+Opinion+on+mortgage+lending+value.pdf
Yurkevych, O. M. “Suchasnyi stan rynku ipotechnoho zhytlovoho kredytuvannia v Ukraini“ [The current state of the mortgage housing market in Ukraine]. Ekonomika i suspilstvo. 2016. http://www.economyandsociety.in.ua/journal/4_ukr/53.pdf
Tkachenko, N. V. “Osoblyvosti rozvytku vitchyznianoho zhytlovoho ipotechnoho kredytuvannia“ [Features of the development of domestic residential mortgage lending]. Problemy i perspektyvy rozvytku bankivskoi systemy Ukrainy, no. 34 (2012): 291-301.
Svystun, L., and Pohribnyi, O. “Suchasnyi stan ta perspektyvy rozvytku rynku ipotechnoho kredytuvannia v Ukraini“ [The current state and prospects of development of the mortgage market in Ukraine]. Ekonomika i rehion, no. 4 (2014): 68-73.
Barida, N. P. “Otsinka vartosti zastavy yak skladova systemy upravlinnia kredytnym ryzykom banku“ [Valuation of collateral as part of the bank's credit risk management system]. Investytsii: praktyka ta dosvid, no. 9 (2010): 52-55.
Nekhaichuk, D. V., and Kurtbedynov, D. O. “Otsinka zastavnoho maina v systemi kredytuvannia“ [Valuation of mortgage property in the lending system]. Kultura narodov Prichernomorya, no. 219 (2012): 70-74.
Sirosh, T. O. “Aktualni pytannia otsinky vartosti zastavy“ [Topical issues of valuation of collateral]. Stanovlennia ta rozvytok bankivskoi systemy Ukrainy v umovakh rynkovykh peretvoren v ekonomitsi. Ternopil: Ternop. nats. ekon. un-t, 2008. 89-90.
Ohadzhanian, D. “Otsinka zastavnoho maina: realii ta perspektyvy. Chomu Ukraini potriben novyi Natsionalnyi standart otsinky“ [Valuation of mortgage property: realities and prospects. Why Ukraine needs a new National Assessment Standard]. Forbes Ukraina. 23 sichnia 2017. http://forbes.net.ua/ua/opinions/1427297-ocinka-zastavnogo-majna-realiyi-ta-perspektivi
Rekunenko, I. I. “Suchasnyi stan ipotechnoho kredytuvannia zhytla v Ukraini“ [The current state of home mortgage lending in Ukraine]. Efektyvna ekonomika. 2018. http://www.economy.nayka.com.ua/pdf/1_2018/41.pdf
Lebid, N. “Nove zakonodavstvo pro otsinku maina prynese «tektonichni zrushennia» na rynku (Interviu iz zastupnykom Holovy FDMU)“ [New property valuation legislation will bring "tectonic shifts" in the market (Interview with the Deputy Chairman of the SPFU)]. Derzhavnyi informatsiinyi Biulleten pro pryvatyzatsiiu, no. 1 (2016): 2-7.
Harazha, O. P. “Standartyzatsiia otsinky maina u sviti“ [Standardization of property valuation in the world]. Naukovyi Visnyk Mizhnarodnoho humanitarnoho universytetu. Seriia «Ekonomika i menedzhment», no. 17 (2016): 36-42.
Yakubovskyi, V. V. “Yevropeiski standarty otsinky EVS-2016 ta Mizhnarodni standarty otsinochnoi diialnosti IVS-2017: spilnist i vidminnosti“ [EVS-2016 European Valuation Standards and IVS-2017 International Valuation Standards: Community and Differences]. http://www.afo.com.ua/doc/IVS_2017_vs_EVS_2016_UA.pdf
Dunas, N. V. “Suchasni pidkhody do otsinky zastavy na rynku ipotechnoho kredytuvannia“ [Modern approaches to mortgage loan mortgage market valuation]. Biznes Inform, no. 4 (2018): 322-330.
Dunas, N. V. “Mizhnarodni standarty otsinky zastavnoho maina ta perspektyvy yikh vykorystannia v Ukraini“ [International standards for valuation of collateral and prospects for their use in Ukraine]. Problemy ekonomiky, no. 4 (2018): 216-225.
Krekoten, I. M. “Yevropeiskyi dosvid ipotechnoho kredytuvannia“ [European experience of mortgage lending]. Ekonomika i rehion, no. 6 (2015): 82-86.
Naumenkova, S. “Finansova inkliuzyvnist ta problemy zabezpechennia dostupu do finansovykh posluh v Ukraini“ [Financial inclusivity and problems of access to financial services in Ukraine]. Visnyk Natsionalnoho banku Ukrainy, no. 11 (2014): 31-37.
“Eurostat (2019). Median of the housing cost burden distribution by degree of urbanisation - EU-SILC Survey“. https://ec.europa.eu/eurostat/web/income-and-living-conditions/data
Bouyon, S. “Recent Trends and Developments in European Mortgage Markets“. ECRI Commentary no. 21, 30 May 2017. https://www.ceps.eu/wp-content/uploads/2017/05/No%2021%20SB_Trends%20in%20Mortgage%20Markets.pdf
“Mekhanizmy administratyvno-finansovoi detsentralizatsii: svitovi praktyky ta napriamky yikh implementatsii v Ukraini : naukova dopovid“ [Mechanisms of administrative and financial decentralization: world practices and directions of their implementation in Ukraine: scientific report]. http://ird.gov.ua/irdp/p20180703.pdf

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»