Gross residential mortgage lending in Germany 2015-2023, by mortgage type and month
Residential mortgage lending in Germany plummeted in 2022, amid an increase in mortgage rates. With interest rates gradually increasing as a response to the rising inflation, the mortgage market has cooled: In October 2023, the value of new mortgage loans stood at about 14 billion euros, down from almost 23 billion euros two years ago. During the observation period, 10-year fixed rate mortgages accounted for nearly half of mortgage lending, followed by 5 to 10 year fixed rate mortgages. More information on the Mortgage market in Western European countries can be found here.
