09 February 2024, Friday, 20:31 310

Volume of mortgage loans up 5 times to UAH 9.1 billion, number up 3 times to 6,100 in 2023

Editor: Tetiana Herasimova

Читати українською

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Ukrainian banks in 2023 issued 6,114 mortgages totaling UAH 9.1 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 2023 increased almost fivefold compared to the previous year, and the number of transactions tripled.

8 banks that credited housing purchases informed about the issuance of a new mortgage in December.

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

At that, the number of transactions in the primary market somewhat grew later.

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 December remained at the level of November - 7.6%, at the same time, a year ago, in December 2022, it was 8.3%.

In the regional context, most mortgage loans in 2023 were issued in the city of Kyiv and the Kyiv Region - 2,664 contracts totaling UAH 4.5 billion (50% of the total), Lviv Region (314 contracts for UAH 518 million), Rivne Region (344 for UAH 461 million) and Vinnytsia Region (304 for UAH 455 million).

In a January 2024 survey, 35 banks provided responses with a 97.8% share of the total gross mortgage portfolio at the end of 2021.

As Ukrainian News Agency earlier reported, 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.