Ukraine is preparing the ‘One Million Flats’ scheme: what are the terms and the initial deposit?
Details of the upcoming housing programme are reported by Novyny.LIVE
Why ‘eOselya’ isn’t saving the day
Today, the ‘eOselya’ programme offers loans at 3% per annum for military personnel, medical staff and teachers, yet the actual number of loans issued is critically low. According to Danylo Getmantsev, there are only 24,500 contracts available for a queue of half a million families. “Mortgages in Ukraine are a tool that effectively does not exist,” the MP emphasised, adding that demand for housing has increased several-fold due to the war.
Down payment: the government’s stance
Getmantsev clearly outlined the conditions for participating in mortgage schemes. In his view, the optimal down payment should be 10% of the flat’s value. “This should not be a gift; it should be the individual’s contribution to the scheme,” he stressed, explaining that the personal contribution is a fundamental aspect of the borrower’s responsibility.
A decade-long programme: ‘One Million Flats’
The government, together with banks and international partners, is already developing a new long-term strategy. The “One Million Flats” project is designed to last 10 years or more. Its aim is to pool budgetary resources, developers and domestic bonds to finally provide quality housing for millions of Ukrainians, particularly internally displaced persons.
