Pursuits
Ukraine Captive to Soviet Era After Lending Collapse: Mortgages
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Olesya Myhal, a 28-year-old public-relations executive who lives in a cramped Kiev apartment with her husband, is also being squeezed in other ways.
Ukraine’s weakening currency inflated the principal of the couple’s 20-year dollar mortgage, while high prices and loan rates are preventing them from moving up the property ladder. Higher mortgage payments mean they can’t afford to modernize their 58 square-meter (624 square-foot) Soviet-era home.