Volume of mortgage loans granted in November decreased by 29% to UAH 1 billion

In November, Ukrainian banks issued 597 mortgage loans for a total amount of UAH 1 billion.

This is stated in the NBU report, Ukrainian News Agency reports.

The majority of loans by volume and quantity were issued on the secondary real estate market.

The weighted average effective rate on mortgage loans in November remained at 8.4% per annum, as in October.

In terms of regions, the largest number of mortgage loans in November were issued:

- in Kyiv and the Kyiv Region (303 contracts for a total amount of UAH 553.1 million, which is 55% of the total volume);

- in the Lviv Region (36 contracts for UAH 71.3 million);

- in the Ivano-Frankivsk Region (40 contracts for UAH 56.7 million).

During the survey, 39 banks responded with a share of 98.9% of the total gross mortgage portfolio as of the end of 2021, of which 12 banks reported issuing new mortgages.

As Ukrainian News Agency earlier reported, according to the December Financial Stability Report, the driving force of the mortgage segment remains preferential lending within the framework of the e-Housing program.

In the second half of the year, lending under the program slowed down after record volumes due to a change in the terms of lending by the operator (Ukrfinzhytlo) and a lack of funds.

The share of mortgage loans in the retail loan portfolio increased to 13.5%, but remains insignificant, so the slowdown in mortgage lending in November did not affect the dynamics of retail lending.

Net hryvnia loans to the population in 2024, according to operational data, increased by UAH 61.8 billion, or 39%.

In 2023, the volume of mortgage loans increased 5 times to UAH 9.1 billion, and the number - 3 times to 6,1 00 loans.

In 2022, the number of mortgage loans decreased 5.3 times to 2,009, with 2/3 of the loans being issued before the war.

In 2022, banks issued mortgage loans for a total amount of UAH 1.96 billion.

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