Mortgages in Ukraine have become cheaper: at what percentage can you get a loan

Mortgages in January were issued at an interest rate of 8.3% per annum, which is less than 8.8% a month earlier. Most transactions were concluded in the secondary market, according to a monthly survey of banks by the NBU on mortgage lending, writes UNN.

In January, Ukrainian banks issued 475 mortgage loans for a total amount of UAH 867 million, which is 29% higher than the volumes in December

Key findings of the survey:

• most loans in terms of volume and number were issued in the secondary real estate market;
• the weighted average effective rate in January was 8.3% per annum.

In the regional context, the most mortgage loans were issued in January:

• in the city of Kyiv and Kyiv region (260 agreements for a total amount of UAH 517.3 million, or 59.7% of the total volume);
• in the Lviv region (23 agreements for UAH 45.2 million);
• in the Ivano-Frankivsk region (22 agreements for UAH 33.7 million).

“The National Bank considers the development of mortgages as one of the priorities for 2025 and is working on a relevant strategy,” the NBU emphasized.

Reference

During the survey, responses were provided by 41 banks with a share of 99% of the total gross mortgage portfolio as of the end of 2021, of which 14 banks informed about the issuance of new mortgage loans.