TRENDS IN THE DEVELOPMENT OF THE MORTGAGE LENDING MARKET IN UKRAINE DURING THE WAR

In the modern economy the importance of the institution of mortgage lending is determined by its primary importance in relation to the possibilities of solving the problem of providing citizens with housing. The mortgage contains significant potential for development, contributes to increasing the stability and efficiency of the country's banking system. The article examines the main indicators of mortgage lending for the last five years, including a part of 2022, in order to demonstrate the impact of the war on this area of banking. It was found that the biggest changes concern the share of problematic mortgage loans in the total amount and the amount of reserves formed. This is the signal of the deepening of the crisis in the mortgage lending sector. There weree analyzed the shares of the number of new mortgage loans granted in 2022 by region of Ukraine. It is argued that currently the biggest problem for the uninterrupted operation of banks in the conditions of war is the repayment of loans by borrowers. In order to better understand the current situation, the volumes and number of new housing loans were investigated. A significant jump in the volume and number of mortgage loans issued in 2021 was caused by the implementation of the special state program «Affordable mortgage 7%». The feasibility of state programs for subsidizing interest rates on mortgage loans is determined by their positive impact on economic activity in the country. Among the shortcomings is the limitation of budgetary resources, which does not allow everyone who wants to use the borrower support program. Due to the war, the problems of the development of the mortgage lending market in Ukraine have worsened, so the state program of support for borrowers was updated. It was found that the entire chain of procedures for participation in the program is maximally digitized and allows to automatically pull up the necessary data about the applicant, quickly interact with banks, check information and completeness of data, which will save time and minimize bureaucratic obstacles. Thus, the implementation of existing mortgage support programs for borrowers in the future will have a long-term positive impact on the economy of Ukraine.