Mortgage lending in Ukraine: analysis of influence factors and scammers

Abstract

This article reveals the concept of "mortgage lending", defines the subject of mortgage lending, determines the percentage of buyers from the total population in the region who bought a mortgage loan in Ukraine and analyzes items related to the concept of mortgage.The work studies the factors that affect the demand for mortgage bank lending in Ukraine. Uneven demand for mortgages in different regions of Ukraine has been revealed. Among the reasons for the decline in mortgage lending, the level of per capita income in the regions of Ukraine was analyzed, the migration of the population was studied, and the cost of one square meter of housing in the regions of Ukraine was determined. The dynamics of the change in the exchange rate of the US dollar against the hryvnia was also analyzed. The US dollar in 2010-2020 was not stable, which became a huge lever in the development of mortgage lending. Graphically shows the change in inflation indices for 2017-2020 in percent. This article examines the dynamics of mortgage loans over the past 10 years and their share in the total loan portfolios of households. Due to this, it is determined that in Ukraine mortgage loans make up only a small share of all loans in general. The concept of "fraud" is also analyzed and its types are defined, in particular those related to mortgage bank lending. Examples of the most high-profile mortgage lending scams in Ukraine are given, such as the Elite Center, Wojciechowski's new buildings, Villa Sofia Residential Complex, and Kotsyubynsky Residential Complex. The most common mortgage fraud schemes are highlighted. Scams have been analyzed in terms of the subjects of fraudulent schemes. Based on the study, the main measures to avoid negative consequences from various parties to the loan agreement were identified.