Mortgage credit by country: the latest data

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* indicates monthly or quarterly data series
Loans provided by commercial banks for the purchase of non-commercial real estate. In billion local currency units.



Countries Latest value Reference Change three months Change twelve months
Albania 188.47 Mar / 2024 4.31% 9.81%
Antigua and Barbuda 0.87 Q4 / 2019 1.81% 2.32%
Argentina 270.77 Mar / 2024 -1.06% 34.50%
Armenia 1112.62 Mar / 2024 3.61% 23.93%
Aruba 1.62 Dec / 2023 0.98% 4.59%
Australia 2151.73 Mar / 2024 0.96% 4.61%
Austria 158.84 Q4 / 2023 -0.22% -1.87%
Azerbaijan 3.76 Mar / 2024 3.59% 20.01%
Bahrain 2.92 Mar / 2024 1.40% 7.79%
Belgium 229.51 Mar / 2024 0.53% 2.32%
Bosnia and Herzegovina 2.79 Mar / 2024 -37.48% 9.14%
Botswana 10.60 Sep / 2022 0.53% 3.08%
Bulgaria 20.93 Mar / 2024 5.18% 22.68%
Burma (Myanmar) 561.21 Q3 / 2022 4.89% -27.35%
Cambodia 27768.00 Jan / 2024 -3.63% 0.82%
Canada 1707.88 Sep / 2020 2.03% 5.67%
Chile 81440.02 Mar / 2024 1.33% 6.87%
Colombia 103498.41 Mar / 2024 1.07% 8.10%
Croatia 11.44 Mar / 2024 1.92% 11.08%
Cyprus 8.65 Mar / 2024 -0.82% -0.51%
Czechia 1756.62 Mar / 2024 0.73% 4.24%
Denmark 314.49 Jun / 2023 -0.14% -1.89%
Dominica 0.28 Q4 / 2019 -17.92% -8.58%
Dominican Republic 228.87 Mar / 2024 2.71% 18.06%
El Salvador 2.95 Mar / 2024 0.67% 3.69%
Estonia 11.20 Mar / 2024 0.86% 5.87%
Euro area 5215.15 Mar / 2024 -0.44% -0.30%
Fiji 2.08 Dec / 2023 1.89% 7.37%
Finland 106.45 Mar / 2024 -0.78% -1.57%
France 1286.63 Mar / 2024 -0.43% 0.09%
Georgia 18.45 Mar / 2024 2.74% 20.38%
Germany 1577.76 Mar / 2024 0.03% 0.90%
Greece 27.22 Mar / 2024 -3.06% -5.92%
Grenada 0.49 Q4 / 2019 -29.38% -31.41%
Guatemala 49.68 Mar / 2024 11.90% 21.83%
Hungary 5100.87 Mar / 2024 1.76% 3.61%
Iceland 1841.58 Mar / 2024 1.53% 5.46%
India 27227.20 Mar / 2024 3.12% 40.61%
Indonesia 1278557.17 Mar / 2024 -1.93% 3.85%
Ireland 84.12 Mar / 2024 -0.05% 1.56%
Israel 544.02 Jan / 2024 0.79% 4.51%
Italy 423.34 Mar / 2024 -0.31% -0.60%
Japan 164914.90 Q1 / 2024 0.98% 3.33%
Kazakhstan 5435.90 Mar / 2024 2.62% 15.27%
Kenya 135.70 Jan / 2024 5.77% 1.72%
Kuwait 16.05 Mar / 2024 0.18% 1.78%
Latvia 4.80 Mar / 2024 0.27% 2.33%
Libya 2.55 Q4 / 2023 -1.49% 2.47%
Lithuania 12.29 Mar / 2024 1.23% 5.94%
Luxembourg 41.03 Mar / 2024 -0.31% -1.30%
Macao 193.14 Q1 / 2024 -0.19% -1.46%
North Macedonia 81.25 Sep / 2023 1.88% 10.73%
Malaysia 804.50 Mar / 2024 1.75% 7.43%
Malta 7.89 Mar / 2024 2.72% 8.99%
Mexico 1377.10 Mar / 2024 1.62% 8.49%
Moldova 15.26 Mar / 2024 8.43% 16.72%
Montserrat 0.08 Dec / 2019 1.79% 14.17%
Morocco 303.82 Mar / 2024 0.30% 1.14%
Namibia 45.38 Feb / 2024 0.54% 1.94%
Netherlands 565.52 Dec / 2023 1.44% 2.66%
New Caledonia 458.20 Q4 / 2021 0.73% 1.64%
New Zealand 261.72 Mar / 2024 0.93% 4.07%
Norway 2868.94 Mar / 2024 0.53% 2.47%
Pakistan 453.56 Mar / 2024 1.28% 10.93%
Palestine 0.93 Mar / 2024 -2.76% -2.75%
Peru 67.71 Apr / 2024 1.20% 5.32%
Philippines 941.50 Q1 / 2024 1.37% 8.25%
Poland 454.87 Mar / 2024 1.75% 0.46%
Portugal 98.98 Mar / 2024 0.12% -0.77%
Romania 105.85 Mar / 2024 0.08% 0.56%
Russia 18015.88 Dec / 2023 6.57% 30.13%
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 7.62 Mar / 2024 22.21% 5.13%
Serbia 578.39 Mar / 2024 0.76% -0.79%
Singapore 225.06 Mar / 2024 -0.20% 1.39%
Slovakia 39.49 Apr / 2024 0.66% 3.36%
Slovenia 8.30 Mar / 2024 0.37% 1.06%
South Korea 681662.40 Mar / 2024 1.42% 6.17%
Spain 490.38 Mar / 2024 -0.42% -2.52%
Suriname 2.02 Mar / 2024 1.66% 22.46%
Swaziland 3.25 Apr / 2019 4.91% 1.00%
Sweden 4123.98 Mar / 2024 0.05% 0.40%
Switzerland 859.19 Mar / 2024 0.32% 1.58%
Taiwan 10258.90 Mar / 2024 1.79% 8.44%
Tajikistan 0.32 Mar / 2024 3.46% 26.10%
Trinidad and Tobago 18.98 Mar / 2024 0.57% 5.37%
Turkey 400.77 Mar / 2024 1.32% 12.15%
USA 2583.39 Apr / 2024 0.18% 2.69%
Ukraine 29.55 Mar / 2024 11.42% 39.45%
United Kingdom 1454.01 Mar / 2024 -0.05% 0.02%



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.

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