Ukrainian banks issued 599 mortgage loans totaling 1.09 billion hryvnias in May 2025. This figure became one of the highest for the current year, exceeding the result of April by 31%. However, compared to May 2024, the number of issued mortgages decreased by 37%.
This is reported by Business • Media
Financing in Primary and Secondary Markets
According to the National Bank of Ukraine, 12 out of 39 surveyed financial institutions provided 352 mortgage loans totaling 639.6 million hryvnias for the purchase of housing in the primary market in May. Of this number, 106 loans (187.2 million UAH) were issued against the collateral of property rights on objects that are still under construction. The remaining 247 loans, amounting to 451.1 million hryvnias, were aimed at acquiring housing in the secondary real estate market.
The weighted average effective rate for the primary market was 8% per annum, while in the secondary market this figure was 10%. The quality of the mortgage portfolio, according to the regulator’s assessment, remains at a satisfactory level: the share of non-performing loans does not exceed 15%.
Geography of Lending and the Impact of the ‘eOselya’ Program Reform
The largest volume of mortgage loans in May was provided to residents of the Kyiv region, the capital, Lviv region, Ivano-Frankivsk region, and Dnipropetrovsk region. Despite a partial recovery of the market, the overall level of mortgage lending remains lower than last year.
“Compared to last year, there is a significant decline, which may be related to the restriction on issuing mortgages under the ‘eOselya’ program for secondary housing, which now must not be older than three years.”
Experts expect that the mortgage market will gradually recover, although changes in the conditions of the ‘eOselya’ program have already affected the dynamics of lending, especially in the secondary housing market.