IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2023i4p118-124.html
   My bibliography  Save this article

Mortgage Market Analysis: Domestic and International Experience

Author

Listed:
  • Nataliia Sirenko

    (Mykolaiv National Agrarian University, Mykolaiv, Ukraine)

  • Kateryna Kazemyrchyk

    (Mykolaiv National Agrarian University, Mykolaiv, Ukraine)

  • Kateryna Mikuliak

    (Mykolaiv National Agrarian University, Mykolaiv, Ukraine)

Abstract

In the conditions of an economic crisis, the activation of economic activity through mortgage lending becomes crucial, and the study of the development of the mortgage market in the world is necessary for a comprehensive understanding of its impact on social, economic, and financial growth. It is also essential for determining optimal management strategies for the housing sector in a specific country. The article aims to substantiate the features of the functioning of the mortgage market in the world and in Ukraine. Investigating the peculiarities of domestic and foreign mortgage markets, the authors used a statistical method to analyze the mortgage market and government mortgage credit programs in Ukraine and worldwide. Empirical evidence in the research includes data from the Ukrainian Financial Housing Company, the Ministry of Finance of Ukraine, and the Diya platform, presented using a graphical method. Abstraction, analysis, and synthesis methods formed the basis for developing recommendations for improving government programs for developing the mortgage market for housing in the world and in Ukraine. The dynamics of mortgage loans issued in Ukraine for 2019-2022 indicate a decline in mortgage loan issuance due to unstable political and economic situations. It was revealed that the restoration of mortgage lending in Ukraine is facilitated by the Ukrainian government's eOselya program, which is aimed at providing citizens with affordable housing. The specifics of mortgage lending in different countries worldwide are disclosed. The overall trend of diversity in mortgage lending conditions in the European Union indicates significant differences in approaches to housing loans in different countries. However, some positive characteristics of the mortgage market development in the EU can serve as valuable experience for reforming Ukraine's national mortgage lending market. Among them are financial and investment capacities, low cost of loans, socio-legal protection, macroeconomic stability, transparency, informational clarity, and unified regulatory approaches.

Suggested Citation

  • Nataliia Sirenko & Kateryna Kazemyrchyk & Kateryna Mikuliak, 2023. "Mortgage Market Analysis: Domestic and International Experience," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 118-124, December.
    • Handle: RePEc:iaf:journl:y:2023:i:4:p:118-124
    DOI: 10.33146/2307-9878-2023-4(102)-118-124
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/1032-analiz-ipotechnogo-rinku-vitchiznyaniy-ta-inozemniy-dosvid.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/1032/
    Download Restriction: no
    File URL: https://libkey.io/10.33146/2307-9878-2023-4(102)-118-124?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dursun-de Neef, H. Özlem, 2023. "Bank specialization, mortgage lending and house prices," Journal of Banking & Finance, Elsevier, vol. 151(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Izadi, Mohammad & Saadi, Vahid, 2023. "Banking Market Structure and Trade Shocks," Journal of Banking & Finance, Elsevier, vol. 153(C).

    More about this item

    Keywords

    mortgage; housing market; benefits; interest rates; instruments; efficiency; state programs; eOselya;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2023:i:4:p:118-124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.