Government to work on further reduction in mortgage rates

“Housing is becoming more affordable for Ukrainians. At the initiative of the President of Ukraine, the Affordable Mortgage at 7% program has been launched this month. Today, together with the Finance Ministry, the National Bank and the President's Office, we have held a meeting to further reduce mortgage rates, the creation of financial leasing and the work of the United Financial Housing Company,” the Prime Minister wrote on his Telegram channel.

“I have issued an instruction to develop a detailed plan for launching mortgage products at minimum rates," Shmyhal wrote.

As Ukrinform reported, on January 27, the Cabinet of Ministers supported the initiative of the President of Ukraine on affordable mortgages at an interest rate of up to 7% per annum and approved the Procedure for reducing the cost of mortgage loans for citizens.

Seven banks have already joined the Affordable Mortgage at 7%" program: PrivatBank, Oschadbank, Ukrgasbank, Globus Bank, OTP Bank, Megabank, and Kredobank.

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