Ukrainian real estate becomes cheaper

Real estate prices in Ukraine will be reduced

In brief: A new program of affordable housing will reduce the cost of apartments by 30-40%.

According to Deputy Minister of Regional Development and Construction of Dmitry Isayenko, now up to 50% of the cost of housing are taxes and numerous deductions authorities. New affordable housing program will substantially reduce these costs, as provided for free transfer of land by local authorities for construction of residential houses, as well as summarizing communications to them by the State. The changes made to the draft Law on the Provision of affordable housing in Ukraine, which has already been reviewed in the first reading.

The program of affordable housing is only possible through close collaboration between developers and local authorities, as the decision to grant the land are made by regional authorities, as well as the harmonization of most of the issues of documentation. In the ministry include the construction of a multi-story and individual houses. For the Deputy Minister said, the program implementer of affordable housing be made to the Agency and the State Fund for Youth Housing Assistance. In support of Ukrainians affordable housing this year, contributed nearly 1 billion hryvnia in next year’s budget plan to lay more than 2 billion already provided for in the near future expansion of residential construction lending. As part of its affordable housing project of mass construction of apartments of economy-class nominated Ukrainian Construction Association. The project includes one-bedroom apartments cost from $ 12 thousand.

Ukrainian Globalist
2010-06-12 09:45, Economics.

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