Buying real estate.
More than half of the potential buyers of real estate do not have the right amount of funds. What to do? There are several options for resolving this situation:
– to save, but, as practice shows, while the process of accumulation is underway, the prices of apartments in Kyiv are growing rapidly;
– take from relatives or acquaintances who can borrow a large amount without interest for a long time, but this is a rarity;
– issue a mortgage loan at the bank;
– Make an installment plan from the developer (when buying housing in the primary market).
Mortgage lending is a real salvation for those who acquire real estate in the secondary market. The loan is issued in the hryvnia, on the security of housing. According to the Ukrainian National Mortgage Association, mortgage loans are provided with 37 banks, and 10 of them offer mortgage programs with a floating interest rate. Depending on the term of lending, repayment graphics, the amount of the initial fee and other factors, the conditions of the mortgage loan may vary. Today in the mortgage lending market, the average interest rate ranges from 18.4 – 20.8% with an initial contribution of 10 – 60% and a loan term of 20-30 years.
If a new building acts as a purchased property, then a good option may be an installment plan provided by the developer. This option to buy a one -room apartment in Kyiv in the absence of the full amount of money for the purchase is widely advertised and offered by all developers. In almost every company, you can issue installment payments on one of the selected options: until the end of construction or for a longer period.
In the first case, a small source is made – 30%. The rest of the amount is paid in parts and without interest before the end of the construction of the house and put it into operation. At the same time, the contract prescribes the possibility of changing the price of one square meter, depending on the increase in the cost of apartments in the house under construction.
To make installments for the second option, the initial payment is also made – at least 30% of the full cost of the new apartment. But the remaining amount is paid for a longer time – from a year to 10 years. Moreover, payments will be made up of the principal amount of debt and interest for the use of installments, which amount to about 10% per annum.
