In January, the volume of mortgage loans issued increased by 100% to ₴1.1B.

In January, Ukrainian banks issued 676 mortgage loans for a total amount of ₴1.1B, the National Bank reported. The volume of consumer mortgage loans granted decreased by 33% compared to December, while the indicator is more than 100% higher than in January 2023.

In January, seven banks that issued mortgages reported that most deals were concluded on the secondary real estate market. The prime mover of the mortgage segment remains preferential lending within the eOselya program. Almost all loans issued over the last year were granted within this program’s framework. The weighted average effective interest rate on mortgage loans in January remained at 7.6% per annum for the third month in a row.

Regionally, the most significant number of mortgages in January were issued in Kyiv and the Kyiv region – 300 contracts for ₴555M (50% of the total volume), as well as in the Odesa (₴71.6M), Lviv (₴59.4M) and Vinnytsia (₴53.6M) regions.