Mortgage lending is actively growing in Ukraine. In September, banks issued 851 mortgage loans totaling 1.6 billion hryvnias. The market remains stable, and loan conditions are competitive amid controlled risks in the credit portfolio.
This is reported by Business • Media
Dynamics of the Mortgage Market and Regional Distribution
In the primary real estate market, 532 loans were issued for a total of 1 billion hryvnias, while in the secondary market, 319 loans were issued for 621 million hryvnias. Effective rates remained at: 8.13% per annum for primary housing and 9.37% for secondary housing.
The leaders in mortgage lending volume are regions with developed housing markets and high construction dynamics. Kyiv region signed 303 contracts for 599 million hryvnias, accounting for 37% of the total volume. In the city of Kyiv, 155 contracts were signed for 350 million hryvnias, in Lviv region — 46 contracts for 95 million hryvnias, in Ivano-Frankivsk — 53 contracts for 90 million hryvnias, and in Volyn — 35 contracts for 61 million hryvnias.
Initiatives to Improve Subsidized Mortgages
The head of the parliamentary Finance Committee, Danilo Hetmantsev, proposed to review the conditions of the state program for subsidized mortgage lending “eOselya” for social sector workers. He emphasized the need to make housing more accessible for employees of state and municipal institutions due to low wage levels and significant rental costs.
“A fair rate of 3% will be a significant support for this category of citizens, as they can currently only expect 7% under the existing program conditions. This step will help reduce staff turnover, increase motivation, and ensure stability in a sector that affects the well-being of thousands of citizens,” said Hetmantsev.
Improving the “eOselya” program should respond to current challenges, help retain qualified personnel, and improve living conditions for those working in socially important sectors.