• Українською
  • eOselia becomes more affordable for citizens: what rules have come into force
    Ministry of Economy of Ukraine, posted 25 September 2024 10:15

    A down payment for the purchase of a home under the eOselia programme can be made with an eVidnovlennia certificate. Ukrainians who have previously participated in state housing programmes but whose homes were destroyed or remained in the temporarily occupied territory will also be eligible for purchasing housing under the programme. These and other changes to the programme are envisaged by Cabinet of Ministers Resolution No. 939, and most of those came into force on 19 September 2024.

    "We continue to update eOselia to make it even more accessible to Ukrainians and to stimulate the recovery of the construction market and, accordingly, the production of building materials. We have simplified the process of buying a home for those who have lost their homes or had them damaged as a result of the war. Citizens can also use the eVidnovlennia certificate as a down payment for a mortgage under the eOselia programme," said Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine.

    Among other changes that came into force on 19 September are as follows:

    - it is no longer possible to purchase residential property that is an architectural monument with the help of eOselia;

    - the programme is now available if a citizen or his or her family members have not sold or donated real estate within 12 months prior to submitting an application, the total area of which, together with the area of the family's housing, exceeds the conditions of the eOselia programme;

    - the opportunity to purchase property rights to private houses at the construction stage is provided;

    - for 10 years, the basic interest rate under the programme will be 3% or 7% per annum, depending on the category of participant. Starting from the first calendar day of the 11th year of the loan agreement, the interest rate will be 6% or 10% per annum, respectively. This rule will facilitate faster mortgage repayment and allocation of funds for new concessional loans. The changes do not apply to previously issued soft loans under the eOselia programme. However, the financial burden will remain moderate for new participants of the programme: the amount of money to be paid, as well as interest, will be halved in 10 years due to the repayment of part of the loan.

    There are also other changes to the programme that will come into effect later. For example, starting from 19 October, young people under the age of 25 will have a right to get a mortgage with a down payment of 10% instead of 20%.