Many potential investors in European real estate who contact to ee24.ru, are considering the purchase of property with mortgage lending. We decided to compare the interest rates on mortgages in the popular European countries.
In Hungary buyers pay unprecedently high interest rate, more than 11%. Even the most daring people usually ditch an idea of getting credit under such conditions.
Purchase of real estate in Poland, Romania and the Netherlands would also be profitable without borrowing .
Lowest interest rate of 3% is paid by buyers of property in Sweden. Mortgage is also cost-efficient in Germany, Spain and France.
In table below there are mortgage rates in different European countries. The data was provided by the European Mortgage Federation.
Country |
Mortgage rate |
Hungary |
11.5% |
Poland |
6% |
Romania |
4.41% |
Netherlands |
4.04% |
Denmark |
3.95% |
Belgium |
3.64% |
UK |
3.49% |
Italy |
3.47% |
Portugal |
3.31% |
Ireland |
3.16% |
France |
3% |
Spain |
2.9% |
Germany |
2.77% |
Sweden |
2.7% |