Friday, 15 August 2025 08:24 
💰Mortgage Market Analytics in the First Half of 2025 and the New Mortgage Lending Development Strategy
Analytical data on this topic was presented during the CBU Business Club, held on July 23, 2025.
Olena Dmitrieva, First Deputy Chairman of the Board of Globus Bank, presented the prospects for mortgage lending: from the “yeOselia” (eHousing) program to the new state Strategy.
According to the expert, as of May 1, 2025, Ukrainian banks had issued mortgage loans totaling over UAH 35 billion — only 3% of the total loan portfolio of the banking sector.
📊Currently, only 11 out of 60 banks (18%) in Ukraine issue new mortgage loans — among them 4 state-owned and 7 privately-owned banks. At the same time, over 88% of all new loans are concentrated in 5 banks. Moreover, only 6 banks provide mortgages secured by property rights. Banks belonging to foreign banking groups do not consider the mortgage lending market.
⬆️Olena Dmitrieva noted that over the past year, banks’ mortgage portfolios in monetary terms have grown by 21%, while the number of loans issued has remained almost unchanged. The share of non-performing mortgages currently stands at 9% — 1.5 p.p. lower than before the start of the full-scale invasion.
The banker also pointed out that mortgage lending volumes have still not returned to pre-war levels: in 2024, 82% of the number of loans issued in 2021 were granted.
💬“The main trend of 2025 is a sharp decline in mortgages on the secondary market. As of May 1 this year, compared to the same period in 2024, the number of such loans decreased by 64%. This is because the parameters of the yeOselia program have changed — now, in the secondary market, only properties commissioned no more than 3 years ago can be purchased. At the same time, the share of mortgages secured by property rights is gradually increasing: 17% in 2025 compared to 5% in the first four months of last year,” Olena Dmitrieva stressed.
Regarding the “yeOselia” program, the expert emphasized that it remains the main driver of mortgage development in Ukraine. The share of loans issued under this program exceeds 95% of all mortgage loans.
📜Olena Dmitrieva also drew attention to the new Mortgage Lending Development Strategy, approved by the National Bank of Ukraine in June 2025: “Citizens are interested in what the conditions for war risk insurance will be, the loan terms, the mortgage rates, and so on. That is why it is still too early to conduct an in-depth analysis of this Strategy — it must take into account these and other key issues that concern people.”
This is precisely why the new Mortgage Lending Development Strategy was approved. Its main goal is to stimulate demand for real estate through mortgage lending.
Strategic goals:
🔹Reducing risk levels by:
✔️ensuring war risk insurance;
✔️improving regulation of residential real estate construction to reduce risks of unfinished projects and increase transparency in real estate sales at all stages of construction.
🔹Affordable and transparent lending by:
✔️improving the state support model;
✔️disclosing loan details in accordance with European standards;
✔️providing open access to information on housing market prices.
🔹Protecting creditors’ rights by:
✔️updating procedures for resolving non-performing loans;
✔️implementing European standards for the recovery of problem loans.
🌇📜The expert also touched on the strategic development plan of Ukrainian Financial Housing Company for 2025–2029. In particular, the plan envisions scaling up the “yeOselia” program and issuing 70,000 mortgage loans over five years. The updated strategy provides for a transition to financing from fiscal and non-fiscal sources.
A separate strategic area is digitalization: the launch of a mobile application for borrowers, the creation of a unified housing program platform with access to state registers and payment systems, an electronic queue for state programs, as well as the automation of property valuation, insurance, and inspection.
What else was discussed during the CBU Business Club:
🎥 Video recording of the first part (Ukrainian):
https://www.youtube.com/live/elRWrlPiTS0
Strategic business-partners of the CBU: East Office of Finnish Industries Oy, SKAKO Concrete A/S, NOCON NORWEGIAN CONSTRUCTION AS, VERONA SHELTERS GROUP OY
Information partners: ProfBuild, Build Portal, Property Times, RBC-Ukraine, Ukrainian Pohliad, Ukrainian National News, StroyObzor, NewsWeek, Marketer, Budynok.com.ua, Economist.com.ua, Founder
WE WILL WIN AND REBUILD EVERYTHING! 💪
TOGETHER TO VICTORY!
GLORY TO UKRAINE! 💙💛