Sergey Tigipko predicts mortgage renewal this spring | Предприниматель

Sergey Tigipko predicts mortgage renewal this spring

Tihipko Deputy Prime Minister and Minister of Human Services. Policy of Ukraine at the press conference expressed his opinion on the resumption of the mortgage in the spring of 2011.

“This year will be a transition and difficult. First of all, for business because it is now gradually being re-building industry and mortgage lending resumes. In some areas the banks have given loans. For example, the purchase of automobiles. I think the mortgage will go after these industries , “- said Tihipko.

“Recovery of the mortgage will reduce in real estate prices, which can be expected in 2012” – says Tigipko.

“If we have the ability to stimulate the mortgage, and the first to help the banking sector, this demand to recover and return to the indicators that were in demand in 2007, after which we will soon see the decline in housing prices,” – said Tigipko.

The politician is convinced that the end of 2011, the Government will create all necessary conditions for the construction, which should in turn lead to increased demand in the market.

“Now, another problem pops up, you have to decide is not the builders – it’s a matter of demand” – it is necessary to restore long-term mortgage. This can contribute by introducing a policy of insurance of pension savings “- said Tigipko.

“Some countries, such as Kazakhstan, have been able to concentrate resources into a single mechanism, when the money from the second level part of the pension system were to support the mortgage, which were built with a lot of cheap social housing,” – said Tihipko.

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