Mortgages, Italy rises to the top in Europe: low rates and rates among the lightest
Average rate of 3.19% in Q2: only Spain, Belgium and France have better financing conditions
The easing of ECB rates between 2024 and 2025 has eased the mortgages in Europe. But not everywhere in the same way. So much so that our country is among those where financing conditions are among the most favourable compared to most of the rest of Europe.
According to data from the European Mortgage Federation relating to the second quarter of 2025, the average rate on mortgages in Italy stood at 3.19%, one of the lowest values when compared to the other markets covered by the study. Countries with significantly higher interest rates on real estate loans than Italy include Poland, where an average of 6.95 per cent was reached in the second quarter of the year, Hungary, with an average of 6.69 per cent, and Romania, where the average rate on mortgages is 5.81 per cent.
Slightly more favourable economic conditions - but still worse than those in Italy - can be found in the Czech Republic (4.68% on average in the first quarter of 2025) and in the United Kingdom, where the value stands at 4.43%, i.e. more than 120 basis points higher than in Italy. Slightly higher rates than ours are instead recorded in Germany (3.67% on average), Ireland (3.60%), the Netherlands (3.5%) and Portugal (3.39%), while in France and Belgium, values are very similar to the Italian ones, amounting to 3.11% and 3.08% respectively.
The only country among those considered where real estate financing has much more favourable rates than ours is Spain, where average interest rates remain below 3 per cent, at 2.72 per cent.
What is changing, however, for Italians? According to a simulation by Mutuionline, today the average interest rate on 20- and 30-year variable-rate mortgages stands at 2.68 per cent, which is much lower than the 4.04 per cent recorded in November 2024.
