Відродження та розвиток іпотечних відносин у країнах західної Європи і в Російській імперії у ХVІІІ–ХІХ столітті

Abstract

As it follows from the analysis of mortgage revival history, mortgage appears with the origin of private ownership of land and other important items of real estate. However, the history of mortgage development shows that rapid conversion of land into commodity results in its unjustified sale, transfer to the mortgage that is groundless from the economics point of view and leads to land concentration in the ownership of individuals and likelihood of crisis phenomena and people’s protest. At the same time, inadequate mortgage crediting results in slower production growth rate. Hence, of the most importance is such legal regulation of mortgage relations that will enable long-term mortgage crediting for low interest.