Ukrainian banks issued 826 mortgage loans worth ₴1.3 billion in October, 1.6% more by the number of loans and 6.8% more in amount than in September, according to a monthly survey of banks.
“The prime mover of the mortgage segment traditionally remains preferential lending within the eOselya program,” commented the National Bank of Ukraine.
In October, six banks, which provide loans for purchasing housing primarily for the secondary real estate market, announced the issuance of new mortgages. The weighted average effective rate on mortgage loans increased slightly in October to 7.8%, compared to 7.7% in September.
Regionally, the most mortgage loans in October were issued in Kyiv and the Kyiv region with 377 contracts for ₴666.1M (51.8% of the total volume), Vinnytsia (52 contracts for ₴84.1M), Rivne (52 for ₴73.2M), and Lviv (41 for ₴68.9M) regions.