Mortgages in Ukraine will be insured against war risks from the end of 2025
To revive the mortgage lending market, the Financial Stability Council identified key prerequisites for its development and in June 2025 approved a strategy for the development of mortgage lending.
Its implementation is one of the priorities for the country’s financial and demographic growth, the National Bank of Ukraine informs.
The strategy provides for improving access to mortgages thanks to an updated model of state support, transparent lending conditions in accordance with European standards, open data on prices and the real estate market.
Special attention is paid to protecting the rights of creditors: updating the procedures for working with problem debt and introducing European standards will allow banks to more actively develop mortgage products, which will increase competition in the market.
The list of planned initiatives includes both short-term and long-term goals, with clearly defined responsible bodies and deadlines.
By June 2025, the Ministry of Economy, the Ministry of Finance, and the National Bank of Ukraine are to develop a comprehensive strategy for the Ukrainian Financial Housing Company. The main goal is to ensure its functioning, taking into account fiscal and debt constraints, while minimizing the use of budgetary resources.
One of the most important innovations will be the provision of mechanisms for insuring mortgage contracts against war risks. This step, planned for the fourth quarter of 2025, is designed to significantly reduce risks for borrowers and lenders in the current environment. The Verkhovna Rada, the National Bank of Ukraine, and the Ministry of Economy are responsible for its implementation.
By the end of 2025, the legislation on appraisal activities will be updated (VRU, State Property Fund, Ministry of Justice, National Bank of Ukraine).
In the first quarter of 2026, the National Bank of Ukraine and the Ministry of Justice are to develop proposals for the effective satisfaction of lenders’ claims with mortgage funds.
By the fourth quarter of 2025, a law on improving state regulation and the functioning of credit bureaus is expected to be adopted, which will improve the quality of credit information.
By the first quarter of 2026, the NBU and the Ministry of Justice will ensure the functioning of a detailed database of real estate prices, including structural parameters of the primary and secondary markets, as well as price indices for residential and commercial real estate. This will increase transparency and accessibility of information for all market participants.
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In the fourth quarter of 2026, a mechanism for replacing the developer in case of his failure to fulfill his obligations will be created, which will provide greater protection for investors.
The implementation of most of the strategy’s measures will take place in parallel, but legislative changes will require more time. In the future, a roadmap with detailed implementation steps is planned. In the future, this Strategy will become part of a broader housing strategy of Ukraine.