System of mortgage lending of the republic of kazakhstan

Introduction

Kazakhstan's transition to a market economy objectively led to a revision of the concept in the housing policy. The new policy in solving the housing problem is based on the formation of the housing market, creating the conditions for preferential housing earning population, the cost of achieving a balance of housing and real income of citizens.

The downturn in investment activity in the construction industry repeatedly increases the importance of the actual launch of new mechanisms to attract extra-budgetary funds in the construction sector, including at the expense of mortgage lending, as it can really help the development of the construction industry, to improve the employment rate, to solve a number of social problems character.

Kazakhstan has real prerequisites for positive development of the legal framework of implementation of mortgage lending and housing programs. The Republic of Kazakhstan has adopted a number of laws and regulations related to mortgage lending: the Civil Code of the Republic of Kazakhstan dated 27 December 1994 (general part) and 1 July 1999 (Special Part); Law of the Republic of Kazakhstan dated 30 June 1998 "On the registration of pledge of movable property"; Decree of the President of the Republic of Kazakhstan having the force of the Law of 31 August 1995 "On Banks and Banking Activity in the Republic of Kazakhstan"; Decree of the President of the Republic of Kazakhstan having the force of the Law of 23 December 1995, "On mortgage of immovable property" and other legislative acts. In addition, there was an interdepartmental working group, the result of which was the approval of the Government of 21.09.2000, the "Concept of long-term financing of housing construction and development of mortgage lending in the Republic of Kazakhstan."

Actuality: Without addressing such critical socio-economic challenges as improving housing affordability in Kazakhstan, the increase in the proportion of homeowners is not possible to stabilize society. To solve these problems, you need to create a market system of housing finance, which will meet the demand of the population for housing.

The main forms of housing finance are loans, including mortgages, direct investment, budgetary financing, equity investors, both legal entities and natural persons in construction of residential buildings, the provision of budget subsidies to citizens for the purchase of housing.

Housing construction - one of the priorities of Kazakhstan's Development Strategy 2030. The acquisition of own property - primary need for every family. With the decline in budget financing of construction and provision of housing, the main source of funds for the purchase of property are own funds from the public, as well as bank loans, it happens in most economically developed countries in the world and in Kazakhstan.

In these circumstances, there is an objective need for long-term loans to individuals for housing construction, minimally exposed to inflation and maximize the timely return. That these requirements are met by a loan secured by a pledge of inventory.

Purpose of course work - to assess the current state and development of mortgage lending in the Republic of Kazakhstan.

The experience of many other countries shows that with proper organization and conduct of public policy weighted mortgages gradually transformed into a self-financing system, which provides and largely determines the functioning of the housing market.

At the same time due to a sharp expansion in effective demand from the population activates new construction, increased production of building materials, specialized equipment, new architectural designs improved, there is the accelerated development of many related industries.

The normative legal acts of the Republic of Kazakhstan regulating activity in the deposit market,scientific works of domestic and Kazakhstan scientific economists,statistical data of the Bulletin of National bank of the Republic of Kazakhstan,RK Agency statistically formed a methodological and theoretical basis of research when writing a term paper.

System of mortgage lending of the republic of kazakhstan

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