Press release

Gross Mortgage Lending in the EU Continued to Increase in Q2 2016

13 October 2016

The European Mortgage Federation (EMF) has today published its Quarterly Review of European Mortgage Markets for the second quarter (Q2) of 2016.

Produced in cooperation with the Federation’s national experts, the Quarterly Review presents the latest short-term developments in mortgage and housing markets across the EU. The publication provides expert analytical commentary together with data tables and charts on the following key indicators:

 Mortgage interest rates;

 Total outstanding residential mortgage lending;

 Gross and net residential mortgage lending; and

 Nominal house price indices.

Overview of Q2 2016:

The second quarter of 2016 ended with the decision of the UK to sever its ties with the rest of the EU, thus opening a period of potentially significant political and economic uncertainty throughout the continent, which will also manifest its effects on mortgage and housing markets in the months and years to come. For the time being, both house prices and gross mortgage lending in the EU continue their upward trend, on an aggregate level, while the outstanding mortgage lending figure in our sample, after having reached a peak at the end of 2015, has contracted slightly, by 1.8%, since then.

Luca Bertalot, EMF-ECBC Secretary General

The full Quarterly Review – Q2 2016 and the archive of previous editions (back to Q3 1998) are available on the EMF website here.