Mortgage Interest Rates in Europe

NOTES: * For Czechia from Q1 2015 the data source is the Czech national Bank. ** This data series has been revised and it depicts the weighted average for 5Y-10Y initial rate fixation, which is the most common. *** Data from Q2 2012 has been revised for France due to a new source. Further data break in Q1 2014. **** Recalculation of the interest rate as a weighted average of interest rates in local currency and euro (previously weighted average only of euro denominated mortgages). Data break from Q1 2014. Data refers to quarter averages. For Czech Republic the weighted average for the whole market is likely biased towards the short-term loans. This is due to the available weighting scheme: the loan volumes include prolongations, but prolongations tend to have shorter interest rate periods. For Hungary the representative interest rate on new loans in Q1 2018 is not any more the variable rate, but the short-term fixed one (1y-5y). For Sweden the the representative interest rate is based on approximately 75 % of the total market.

Chart: @marketingcountrySource: European Mortgage FederationGet the dataCreated with Datawrapper