Mortgages became more expensive, especially in the secondary market - NBU
Kyiv • UNN
In February, banks issued 701 loans with an average interest rate of up to 9.46%. A third of all mortgage agreements were concluded in the Kyiv region for the amount of 473 million hryvnias.
In February, banks issued mortgages at an annual rate of 8.25% in the primary market and 9.46% in the secondary real estate market, which is higher than a month earlier, with mortgages in the secondary market becoming more expensive. Mortgages were more often taken in the primary market, a third of them in the Kyiv region. This is evidenced by the data of the NBU's monthly survey of banks, writes UNN.
Details
According to the NBU, Ukrainian banks issued 701 mortgage loans totaling UAH 1.4 billion in February.
According to the NBU, the results for the month are as follows:
- 386 loans totaling UAH 767 million were provided in the primary real estate market, of which 152 loans for UAH 280 million were secured by property rights to future real estate;
- 315 loans totaling UAH 628 million were provided in the secondary real estate market;
- the weighted average effective rate was 8.25% per annum in the primary market and 9.46% in the secondary market;
- the quality of the mortgage portfolio is good: the share of non-performing loans is only 13%.
In terms of regions, the largest number of mortgage loans in February were issued:
- in Kyiv region (225 agreements totaling UAH 473 million, or 34% of the total volume);
- in the city of Kyiv (145 agreements for UAH 319 million);
- in Lviv region (46 agreements for UAH 95 million);
- in Volyn region (36 agreements for UAH 59 million);
- in Vinnytsia region (29 agreements for UAH 54 million).
For reference
During the survey, 38 banks with a share of more than 95% of the total gross mortgage portfolio provided responses, of which 16 banks reported issuing new mortgage loans.