OREANDA-NEWS. March 02, 2012. The state is working on a new financial and credit mechanisms to stimulate demand for housing. This was started by Minister of Regional Development, Construction, Housing and Communal Services of Ukraine Anatoliy Bliznyuk during a briefing at the Cabinet of Ministers.

"It is extremely important for today is to restore confidence to developers. It will revive demand and, consequently, the growth rate of housing construction. Thus one of the main tasks of the state is the creation of new financial and credit mechanisms to stimulate demand for housing "- the Minister said.

He specified that among such mechanisms is long term – for 20-30 years - mortgage loans with low interest rate of 5-10% per annum as well as creation of conditions for appearance of effective consumer in the country.

The Minister recalled that it was created a legal framework in 2009 for implementation of the mechanism of rent with the right of purchase.