Homeowners with and without an outstanding mortgage in Europe 2023, by country
The mortgage prevalence among homeowners in Europe varied widely across different countries in 2023. About 79 percent of the total population in Norway was a homeowner, with 60 percent paying out a mortgage loan. Conversely, only one percent of households in Romania had a mortgage, with nearly 96 percent being homeowners. Meanwhile, an average of 25 percent of the total population within the EU-27 was an owner-occupant with a mortgage or housing loan.
Homeownership depends on multiple factors, such as housing policy, the macroeconomic situation, the state of the housing sector, and the availability of finance. Countries with more developed mortgage markets tend to have lower mortgage interest rates.
