GLOBAL EXPERIENCE OF LEASING RESIDENTIAL REAL ESTATE AND STATE OF AFFAIRS IN UKRAINE

Abstract

In 2020-2022, the Government of Ukraine and the National Bank of Ukraine did not implement the Presidential initiatives to significantly increase the volume of provision of housing for Ukrainian citizens, including the introduction of effective mortgage and leasing financial instruments.
In accordance with the foundations of the long-term (2013-2032) state policy in the investment sphere in the context of the recovery of the Ukrainian economy, the successful reform of public housing programs in Ukraine at the stage of the country's reconstruction will contribute to stimulating the attraction of investments in priority sectors of the economy, creating conditions for the activation of investment activities through the concentration of resources on the priority areas of economic development with the aim of introducing the latest and energy-saving technologies, creating new jobs, and developing regions.
Currently, state housing programs in Ukraine existed and exist mainly at the stage of pilot projects. Thus, according to the new state housing program eOselya in Diya, the operator of which is PJSC "Ukrainian Financial Housing Company" (PJSC "UKRFINZHYTLO"), in 2022-2023, the state issued only 929 loans to Ukrainians in the amount of 1 billion 224.9 million. UAH.
Since the beginning of hostilities, the problem of providing citizens with housing has become even more urgent. Damages from the destruction of the housing stock are estimated at $53.6 billion. Over a year of war, in total, more than 150,000 residential buildings were damaged or destroyed.
Thus, it is clearly premature to talk about the solution to the issue of housing for the citizens of Ukraine at the present time.
In 2019, financial leasing was introduced in Ukraine for the first time. The only operator of public housing programs in Ukraine under the terms of financial leasing was the State Mortgage Institution (SMI), which in 2019-2020 purchased about 2.3 thousand apartments to provide citizens with housing under the terms of financial leasing. At present, the operation of state housing programs in Ukraine under the terms of financial leasing has been suspended.
Taking into account the above, the introduction of such a financial and credit mechanism as providing housing to citizens under the terms of financial leasing will allow the state to start creating a separate direction of providing housing to citizens of Ukraine. This will make a significant contribution to the successful reform of state housing programs in Ukraine in the context of the country's reconstruction.