Mortgage credit by country: the latest data

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* indicates monthly or quarterly data series
The table shows the level of mortgage credit extended by banks around the world including the most recent value and recent changes. This is the level of outstanding housing credit at a given point in time. The numbers are in billion local currency units and are updated right after the new data are released by the national authorities.

Mortgage credit is by far the main component of household credit which also includes consumer credit. In many countries it exceeds the level of business credit.

Greater access to mortgage credit makes it easier for households to buy real estate which is very beneficial but it does not contribute to long-term economic growth. In fact, if its growth is excessive it could lead to banking crises.

Definition: Loans provided by commercial banks for the purchase of non-commercial real estate. In billion local currency units.

Countries Latest available value Reference date Change three months Change twelve months
Albania 156.22 May / 2022 5.05% 17.02%
Antigua and Barbuda 0.87 Q4 / 2019 1.81% 2.32%
Argentina 190.65 May / 2022 0.27% 1.06%
Armenia 721.90 Jun / 2022 3.42% 30.91%
Aruba 1.51 Jun / 2022 0.80% 2.97%
Australia 1967.01 Jun / 2022 1.87% 7.94%
Austria 158.49 Q1 / 2022 1.14% 6.14%
Azerbaijan 2.75 Jun / 2022 5.92% 21.50%
Bahrain 2.69 Jun / 2022 1.63% 25.95%
Belgium 217.10 Jun / 2022 3.18% 8.75%
Bosnia and Herzegovina 2.44 Jun / 2022 2.86% 10.71%
Botswana 10.52 May / 2022 -0.43% 3.54%
Bulgaria 15.15 Jun / 2022 4.59% 18.22%
Burma (Myanmar) 501.68 Q4 / 2021 -2.13% 1.31%
Cambodia 22969.10 Feb / 2022 4.40% 28.26%
Canada 1707.88 Sep / 2020 2.03% 5.67%
Chile 70010.37 Jun / 2022 4.37% 14.65%
Colombia 85930.09 Apr / 2022 3.73% 15.04%
Croatia 72.30 May / 2022 2.63% 9.26%
Cyprus 8.91 May / 2022 -0.94% -5.34%
Czechia 1625.81 May / 2022 0.54% 8.98%
Denmark 2189.30 May / 2022 -2.99% -3.80%
Dominica 0.28 Q4 / 2019 -17.92% -8.58%
Dominican Republic 173.36 Jun / 2022 2.90% 13.38%
El Salvador 2.79 Jun / 2022 0.51% 3.32%
Estonia 9.83 May / 2022 2.89% 10.35%
Euro area 5099.34 May / 2022 1.53% 5.74%
Fiji 1.83 Mar / 2022 1.61% 2.01%
Finland 108.70 Jun / 2022 0.59% 2.83%
France 1249.43 Jun / 2022 1.74% 6.61%
Georgia 14.32 Jun / 2022 0.60% 8.46%
Germany 1524.56 Jun / 2022 1.75% 6.94%
Greece 29.89 May / 2022 -1.18% -27.34%
Grenada 0.49 Q4 / 2019 -29.38% -31.41%
Guatemala 36.11 Jun / 2022 0.97% 8.31%
Hungary 4804.77 Jun / 2022 3.04% 12.70%
Iceland 1655.28 Jun / 2022 3.04% 14.46%
India 17089.11 May / 2022 8.29% 16.89%
Indonesia 1141231.55 May / 2022 1.51% 5.87%
Ireland 84.05 May / 2022 -0.98% 13.98%
Israel 489.79 May / 2022 4.46% 18.29%
Italy 419.85 Jun / 2022 1.30% 4.66%
Japan 155268.30 Q1 / 2022 0.63% 3.12%
Kazakhstan 3890.15 Jun / 2022 10.25% 48.95%
Kenya 140.20 Apr / 2022 1.23% -11.15%
Kuwait 15.21 Jun / 2022 3.25% 15.61%
Latvia 4.59 May / 2022 1.37% 8.52%
Libya 2.38 Q1 / 2022 13.44% 17.41%
Lithuania 10.71 May / 2022 3.19% 12.05%
Luxembourg 41.11 Jun / 2022 1.70% 8.11%
Macao 199.93 Q2 / 2022 -0.68% 2.63%
North Macedonia 71.66 Jun / 2022 3.29% 14.88%
Malaysia 713.66 Jun / 2022 1.50% 7.26%
Malta 6.76 May / 2022 2.69% 11.35%
Mexico 1172.70 Jun / 2022 2.69% 10.88%
Moldova 13.48 Jun / 2022 4.23% 31.84%
Montserrat 0.08 Dec / 2019 1.79% 14.17%
Morocco 297.48 Jun / 2022 1.05% 2.13%
Namibia 43.34 Jun / 2022 0.49% 1.76%
Netherlands 516.76 Dec / 2021 0.68% 4.45%
New Caledonia 458.20 Q4 / 2021 0.73% 1.64%
New Zealand 243.89 Jun / 2022 1.20% 7.23%
Norway 2729.49 Jun / 2022 0.91% 3.85%
Pakistan 372.50 Jun / 2022 12.48% 52.46%
Palestine 0.58 Jun / 2022 1.57% -12.75%
Peru 61.64 Jun / 2022 2.84% 9.35%
Philippines 807.47 Q1 / 2022 20.57% 31.41%
Poland 496.83 May / 2022 -1.21% 4.20%
Portugal 94.95 Dec / 2020 0.90% 2.36%
Romania 105.20 Jun / 2022 2.11% 11.75%
Russia 12508.60 Jun / 2022 0.47% 18.30%
Saint Lucia 1.04 Q4 / 2019 -22.90% -21.26%
Saint Vincent and the Grenadines 0.56 Q4 / 2019 -22.80% -22.16%
Saudi Arabia 13.12 Jun / 2022 -14.10% 57.68%
Serbia 558.25 Jun / 2022 2.72% 14.21%
Singapore 219.93 Jun / 2022 1.21% 6.61%
Slovakia 39.50 May / 2022 3.38% 12.09%
Slovenia 7.85 May / 2022 3.60% 11.60%
South Korea 738759.90 Mar / 2022 0.97% 6.91%
Spain 512.38 May / 2022 0.37% 1.28%
Suriname 1.35 Jun / 2022 3.13% 11.28%
Swaziland 3.25 Apr / 2019 4.91% 1.00%
Sweden 4025.42 May / 2022 1.47% 6.98%
Switzerland 829.55 May / 2022 0.78% 3.06%
Taiwan 9191.48 Jun / 2022 1.97% 8.59%
Tajikistan 0.27 Mar / 2022 6.31% 27.42%
Trinidad and Tobago 17.08 Feb / 2022 0.92% 3.93%
Turkey 303.64 May / 2022 9.28% 21.03%
USA 2355.26 Jun / 2022 3.42% 7.04%
Ukraine 28.71 May / 2022 -1.63% 1.21%
United Kingdom 1421.88 Jun / 2022 1.06% 3.65%
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