June 05, 2025
Rostyslav Melnyk, RIEL CEO, took part in two key panel discussions at the Ukrainian Construction Congress – Poor Governance in Ukraine: Challenges and Solutions (hosted by the Ukrainian Association of Developers) and eOselia – State Investment In Recovery.
The events discussed the principles of transparent regulation of the industry, the role of business in implementing reforms, and the effectiveness of state programmes to support demand, including the eOselia mortgage programme.
“Today, the state, local authorities and regulatory bodies are striving to establish fair and clear rules of the game. But it is very important that these changes are implemented without hindering business – without delays or unnecessary red tape. And most importantly, business should not be a spectator, but a full participant in the development of new solutions,” emphasised Rostyslav Melnyk.
At the same time, within the panel dedicated to the eOselia programme, special attention was paid to the potential of mortgages as an economic driver. According to Melnyk, Ukrainians are ready to invest in housing if the conditions are affordable and transparent.
“The demand for mortgages is huge today. If people are given the opportunity to spend 20-30% more on servicing their mortgage than they currently pay for rent, this will become an economically viable alternative. At RIEL, the share of deals through eOselia in 2025 is estimated at 11% in Lviv and 17% in Kyiv. But with wider access to the programme for the population and a rate of 9–10%, sales could increase eightfold. This means not only housing for people, but also additional revenue for the budget,” he said.
Participation in such events is another step towards systematic dialogue between the state and business. RIEL consistently supports the development of transparent and sustainable market conditions in the real estate sector.
