EMF Hypostat


The EMF-ECBC is pleased to present the 2022 edition of the Hypostat, the EMF-ECBC’s flagship statistical report encompassing data on recent developments in housing and mortgage markets in Europe and beyond.

The 2022 edition (covering data until end 2021) presents data and analyses for the 27 Member States of the European Union, as well as data from 13 additional countries (Australia, Canada, Brazil, Iceland, Japan, Norway, Russia, Singapore, South Korea, Switzerland, Turkey, the United Kingdom and the United States).

If you are interested in receiving the underlying statistical database in Excel of Hypostat 2022 thank you for sending an email to


Access the interactive version of the EMF Hypostat 2022 by clicking on the image below or download the PDF version.






Besides the country specific information, other key facts about Hypostat 2022 include the following:

Average European house prices

increased by 11.3% compared to 2020, signalling an acceleration of the overall price developments (2020 saw prices increase by 4.8%) and continuing an upwards trend that first began in 2013. Between 2012 and 2021, house prices increased at very different rates in the majority of the Hypostat sample. There are, however, some specific regional trends to consider.

NUmber of building permits issued

The total number of building permits issued increased by 11.2% in the EU, for a total amount of more than 1.78 mn permits, the highest level ever reached. Over the last 10-year period (2012-2021), overall EU building permits grew by almost 40%. In 2021, newly issued building permits represented 0.86% of the combined EU27 and UK building stock, 0.12 pps more than in 2020.

TOTAL outstanding mortgage loans

In 2021, the total volume of outstanding mortgage loans in the EU27 reached EUR 6.5 tn. Adding the UK, Norway and Iceland to the European stock, the figure reached EUR 8.7 tn outstanding, a new all-time high.In the meantime, total gross lending reached EUR 1.2 tn in the EU27 in 2021, above 2020’s record-breaking mark.  

Average interest rates

The average, unweighted European interest rates on mortgages (EEA and UK) continued the downward path started in 2019, reaching a rate of 2.07%, a new all-time low (5 bps lower than in 2020). Variable interest rate mortgages represented slightly over 15% of total new mortgages, continuing a ten-year-long declining trend since 2010, when it was 37%.   If you are interested in receiving the underlying statistical database in Excel of Hypostat 2021 thank you for sending an email to