The United Kingdom, Germany, and France were the countries with the largest mortgage markets in Europe in 2024, when considering the value of loans outstanding. In the second quarter of the year, the UK had more than 1.9 billion euros worth of mortgages outstanding. Other countries with large mortgage markets included the Netherlands, Spain, Sweden, and Italy - all exceeding 400 billion euros. One of the main drivers of mortgage activity is the cost of borrowing. In 2022, interest rates increased dramatically across Europe. Ireland, and Germany remained among the few countries with an average interest rate under four percent.
Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024
(in billion euro)
Further information from the source: "Note: Not seasonably-adjusted data. Please note that (for those countries outside the Eurozone) the conversion to euros is based on the bilateral exchange rate at the end of the period (provided by the ECB)."
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European Mortgage Federation. (October 28, 2024). Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024 (in billion euro) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/
European Mortgage Federation. "Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024 (in billion euro)." Chart. October 28, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/
European Mortgage Federation. (2024). Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024 (in billion euro). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/
European Mortgage Federation. "Total Outstanding Residential Mortgage Lending in Europe, by Country in 2nd Quarter 2024 (in Billion Euro)." Statista, Statista Inc., 28 Oct 2024, https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/
European Mortgage Federation, Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024 (in billion euro) Statista, https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/ (last visited December 21, 2024)
Total outstanding residential mortgage lending in Europe, by country in 2nd quarter 2024 (in billion euro) [Graph], European Mortgage Federation, October 28, 2024. [Online]. Available: https://www.statista.com/statistics/614792/outstanding-residential-mortgage-lending-europe-by-country/