The impact of mortgages on the housing market in Ukraine remains limited: less than 3% of housing is purchased on credit, with the share varying significantly by region, according to the NBU’s financial stability report for December 2025.
According to the regulator’s estimates, in the Kyiv region, the share of home purchases with mortgages is almost 9%, while in the central, southern, and eastern regions, new mortgages are “almost non-existent.” In the segment of new buildings up to three years old, mortgages are used significantly more often — the NBU indicates that every fifth apartment in this segment is purchased on credit, as the eOselya program is concentrated there.
The NBU draws attention to the low mortgage rates in complexes under construction and notes that about 44% of transactions are for ready-built housing from developers. At the same time, almost 300 complexes under construction have been accredited for sale through eOselya, but most of them have not yet sold any apartments with mortgages. The regulator expects mortgage lending to pick up after the state support mechanisms are updated and, at the same time, emphasizes the need for other steps, including the implementation of Directive 2014/17/EU on mortgage credit, the introduction of European property valuation standards, and increased transparency of real estate price data and control over construction financing.
