Mortgage lending is gradually being restored in Ukraine.

In 2022, Ukrainian banks issued 2,009 mortgage loans for a total amount of UAH 1.96B. Compared to 2021, the issuance of new loans decreased by over 80% in terms of the number of contracts and by over 75% in monetary terms, according to the bank’s surveys. It is noted that most loans, two-thirds of the contracts, were granted in January-February 2022, before the start of the full-scale military aggression by the Russian Federation. In March-May, mortgages were not granted at all, and in the summer, there were only a few issuances. However, since September the mortgage market began to recover gradually, primarily due to the state lending support programs Affordable Mortgage and eOselya. Through these programs, borrowers can obtain mortgage loans at reduced interest rates of 7% and 3% per annum, respectively. Last fall, banks issued 252 mortgage loans for UAH 280M, and in December, 405 loans for UAH 500M.