Changes to eOselia terms stimulate program activity in smaller cities

Changes to the terms of the eOselia preferential mortgage program have stimulated activity in smaller cities, with mortgages now issued in 501 localities, said Yevhen Metzger, Chairman of the Management Board of PJSC Ukrfinzhytlo (Ukrainian Financial Housing Company), in an exclusive interview with Interfax-Ukraine.

"We use a coefficient [K2, applied nationwide from February 10, 2026; previously it was only 2 for the capital] applied to the indirect cost of housing construction, which is calculated by the Ministry for Communities and Territories Development. For example, for the capital it is UAH 30,081 per square meter, for Lviv UAH 25,598… But our goal is not to stimulate sales in the capital or Lviv. The focus is on other cities. Thanks to the fact that the coefficient of 2 is now applied across the country, projects have started to emerge in smaller towns," Metzger said.

Preferential mortgages have already been issued for housing in 501 localities.

"We receive about 160,000 inquiries per year, based on which we see what kind of real estate citizens are looking for. Therefore, we clearly understand that most people want completed housing, immediately available, at least in a white-box format. We simply and transparently communicate this to developers: look, there is demand in this region, you can build, with this type and price range," Metzger said.

He added that the Ministry for Communities and Territories Development needs to update its methodology for determining indirect construction costs, as the current figures are far from reality but serve as the basis for all state housing programs, including reconstruction.

According to Ukrfinzhytlo, as of March 30, partner banks had issued UAH 42.8 billion in loans to 24,600 families.