In January-October 2021, Ukrainian banks issued 8,700 mortgage loans in the amount of UAH 7 billion, which is twice as high as the figure over ten months of 2020 in the number of such loans and 2.5 times more in the volume, the National Bank of Ukraine (NBU) said on Wednesday following a monthly survey of banks. According to it, lending in October decreased by 4.7% over the month in terms of the volume of mortgage loans (UAH 774 million) and increased by 2% in terms of the number – to 963 agreements.
The press service noted that the mortgage lending market remains concentrated: the five most active banks have concluded 90% of new deals.
Loans for the purchase of housing in the secondary real estate market are still overtaking the primary market: in October, their share exceeded 90% of all mortgage loans issued, both in terms of the number of contracts and in terms of the money volume, the press release says.
According to the survey, the average amount of a mortgage loan in October was lower than in September – UAH 803,900 versus UAH 858,100.
According to the NBU, in October the average effective rate of a mortgage loan in the secondary market decreased by 0.4 percentage points, to 13.5%, and in the primary market – by 2 percentage points, to 14.9%.
