Volume of mortgage loans up 2 times to UAH 1.1 billion in January

Ukrainian banks in January 2024 issued 676 mortgages totaling UAH 1.1 billion.

The National Bank announced this with reference to the data of the monthly survey of banks on mortgage loans, Ukrainian News Agency reports.

The volume of mortgage loans provided to the population in January 2024 decreased by a third compared to the previous year, at the same time, more than doubled the figure for the same period last year (January 2023).

7 banks that credited housing purchases informed about the issuance of a new mortgage in January.

Most of the deals were still in the secondary real estate market.

The driver of the mortgage segment remains preferential lending within the framework of the eOselia (eHome) program (almost all loans during the year were provided within the framework of the program).

The weighted average effective mortgage rate in January for the third month remained at the same level - 7.6% per annum.

In the regional context, most mortgage loans in January were issued in the city of Kyiv and the Kyiv Region - 300 contracts totaling UAH 555 million (50% of the total), Odesa Region (49 contracts for UAH 71.6 million), Lviv Region (32 contracts for UAH 59.4 million), and Vinnytsia Region (32 for UAH 53.6 million).

In a February 2024 survey, 35 banks provided responses with a 98.2% share of the total gross mortgage portfolio at the end of 2021.

As Ukrainian News Agency earlier reported, Ukrainian banks in 2023 issued 6,114 mortgages totaling UAH 9.1 billion. The volume of mortgage loans provided to the population in 2023 increased almost fivefold compared to the previous year, and the number of transactions tripled.

In 2022, the number of mortgages fell by 5.3 times to 2,009, with 2/3 of the loans issued before the outbreak of the pandemic.

Banks in 2022 issued 2,009 mortgages totaling UAH 1.96 billion.