The annual average interest rate on new residential loans in Germany generally decreased between 2007 and 2023, with some fluctuation. It declined from **** percent in 2007 to **** percent in 2021. In 2023, it significantly rose to **** percent, the highest rate recorded since 2010. Nevertheless, this rate varied for different loan types, with floating mortgage rates being the most expensive as of October 2023.
Representative interest rates include six main types:
Weighted average interest rate on loans to households for house purchase. Initial fixed period interest rate up to 1 year on loans for house purchase. Initial fixed period interest rate over 1 and up to 5 years on loans for house purchase. Initial fixed period interest rate over 5 and up to 10 years on loans for house purchase. Initial fixed period interest rate of over 10 years on loans for house purchase. Other.
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European Mortgage Federation. (August 22, 2024). Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023 [Graph]. In Statista. Retrieved July 20, 2025, from https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/
European Mortgage Federation. "Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023." Chart. August 22, 2024. Statista. Accessed July 20, 2025. https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/
European Mortgage Federation. (2024). Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023. Statista. Statista Inc.. Accessed: July 20, 2025. https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/
European Mortgage Federation. "Annual Average Interest Rate on New Residential Mortgage Loans in Germany from 2007 to 2023." Statista, Statista Inc., 22 Aug 2024, https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/
European Mortgage Federation, Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023 Statista, https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/ (last visited July 20, 2025)
Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023 [Graph], European Mortgage Federation, August 22, 2024. [Online]. Available: https://www.statista.com/statistics/916118/annual-average-interest-rate-on-new-residential-loans-in-germany/
