Among the reported Asia-Pacific countries, South Korea had the lowest mortgage interest rate of 4.16 percent as of December 2023. New Zealand and Australia had the next lowest mortgage interest rates, at 7.59 and 7.81 percent, respectively, as of January 2024.
Mortgage interest rates in selected Asia-Pacific countries in 2024
The source adds the following information: "The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate."
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theglobaleconomy.com. (March 21, 2024). Mortgage interest rates in selected Asia-Pacific countries in 2024 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/
theglobaleconomy.com. "Mortgage interest rates in selected Asia-Pacific countries in 2024." Chart. March 21, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/
theglobaleconomy.com. (2024). Mortgage interest rates in selected Asia-Pacific countries in 2024. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/
theglobaleconomy.com. "Mortgage Interest Rates in Selected Asia-pacific Countries in 2024." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/
theglobaleconomy.com, Mortgage interest rates in selected Asia-Pacific countries in 2024 Statista, https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/ (last visited December 30, 2024)
Mortgage interest rates in selected Asia-Pacific countries in 2024 [Graph], theglobaleconomy.com, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1289978/apac-mortgage-interest-rates-by-country/
