Abstract

The methodology of comparative assessment of the mortgage market is proposed. The study of the Ukrainian mortgage market was conducted in three areas: the preconditions for the development of the mortgage market, the current situation in the mortgage market, and the risks in the mortgage market. The integrated coefficient of the level of development of the mortgage market in Ukraine is calculated. It is substantiated that the level of the Ukrainian mortgage market is in an embryonic state in comparison with the corresponding EU market. The object of study is the mortgage market of Ukraine. The subject of the study is the methodological principles of mortgage market. The study of the mortgage market as a financial mechanism for implementing the strategy of technological development of the national economy contributes to the understanding of the areas of efforts to overcome socio-economic problems in the country. The purpose of this article is to carry out a comparative assessment of the mortgage market of Ukraine. To achieve this goal were used: system-parametric approach - to the scientific knowledge of the mortgage market, which allowed to integrate the preconditions of development, potential and risks of the mortgage market; a comparative analysis of the assessment of the Ukrainian mortgage market, which helped to determine the level of development of the national mortgage market in comparison with the EU. The practical significance of the results is that the proposed valuation method can be used to rank both banks and national mortgage markets of other countries. Conclusions. The assessment of the preconditions demonstrated the high responsibility of Ukrainian mortgage borrowers. The potential for mortgage capital in Ukraine exceeds the European one almost three times. The biggest risk of mortgage market for housing construction in Ukraine is the problem with unfinished projects. The development of mortgage market in Ukraine needs legislative support in the direction of changing the status of property rights, state support in guaranteeing loans and resolving issues of unfinished projects, finding alternative sources of financing.

Highlights

  • The mortgage market plays a important role in the socio-economic development of any country, that is explained, firstly, by its use as an tool for the integration of the financial market with the real estate market, which contributes to the capitalization of resources, and secondly, provides development of the real estate market itself, solving the country's housing problem and supporting social stability

  • The need to assess the level of mortgage market development In Ukraine, it is caused by the list of reasons revealed in this study through analysis of a system of indicators, integrated calculation of which allows to compare this level with the European one, as well as to show directions of improvement of the Ukrainian mortgage market, that highlights the relevance of the study

  • The development of mortgage lending in Ukraine requires legislative support to change the status of property rights; state support in guaranteeing loans and resolving unfinished issues; finding alternative sources of funding

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Summary

Introduction

The mortgage market plays a important role in the socio-economic development of any country, that is explained, firstly, by its use as an tool for the integration of the financial market with the real estate market, which contributes to the capitalization of resources, and secondly, provides development of the real estate market itself, solving the country's housing problem and supporting social stability. The object of study is the mortgage market of Ukraine. The study of the mortgage market as a financial mechanism for implementing the strategy of technological development of the national economy contributes to the understanding of the areas of efforts to overcome socio-economic problems in the country.

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Conclusion

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