Wednesday, November 17

Editor’s note:

 Mortgage rates in Ukraine decreased by 1.5%. As of today, the average rate is 13-15%. 3-4 years ago, the average mortgage rate was 21-22 %. Therefore, if you take a loan today, you will pay double the price for the property in seven years. Is mortgage borrowing in Ukraine akin to signing a death warrant for the individual? When our international readers contact UBN with questions about mortgage rates and the opportunity to purchase property, they are in for an unpleasant surprise. International investors do not believe in such a rate’s existence. One US investor found it amusing that his wife was complaining about the high mortgage rate at 3.4% in Florida. Saying that, “I need to bring my wife here to understand what the high rate is means”. Best Regards, UBN Editorial Board.

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