EMF Hypostat


The EMF-ECBC is pleased to present the latest edition of the EMF Hypostat 2019, the EMF-ECBC’s flagship,statistical report encompassing data on recent developments in housing and mortgage markets in Europe and beyond.

The 2019 edition (covering data until end 2018) presents data and analyses for the 28 Member States of the European Union, as well as data from 13 additional countries (Australia, Canada, Brazil, Iceland, Japan, Norway, Russia, Singapore, South Korea, Turkey and the United States, plus Canada and Switzerland– both added for the first time this year).

Besides the country specific data, key facts revealed by Hypostat 2019 include the following:



House prices grew in most EU countries year-on-year with an overall price increase in Europe with respect to 2017 of 6.4%, thus confirming the growth level of the previous year. While the situation among and within different jurisdictions remained highly fragmented, most of countries have recovered pre-crisis levels.


Housing supply indicators in 2018 continued to pick up, however the need for more housing remains acute in many countries. Notwithstanding the increasing figures, in aggregate terms building permits granted in 2018 were 34% lower with respect to the average of 2000-2007.


Total mortgages outstanding in the EU increased by 2.9% in 2018, the strongest growth figure since 2015, reaching nearly EUR 7.3 tn, representing more than 45% of EU GDP. Similarly, total gross lending grew by 2.85% reaching EUR 1.17 bn at the end of 2018.


The decreasing trend of the past 10 years with regard to interest rates reversed in 2018, with the overall average interest rate for the EU slightly increasing to 2.53%, 9 bps more than the previous year. The preliminary figures for the first months of 2019 show slightly higher numbers, confirming the upward trend. The market mix for different mortgage interest rates in the EU remains highly fragmented, nevertheless, the preference of consumers for variable interest rates continued to decrease in aggregate terms. Please find below an overview of the structure of this latest edition of the EMF Hypostat: 


  • The Funding of affordable housing in Europe
  • A comparative study on the Dutch and English buy-to-let market
  • Energy Efficient Mortgages Initiative -  The Engagement of the Mortgage Industry to deliver sustainable finance for the housing sector


  • A. The Mortgage Market
  • B. The Housing Market
  • C. Funding of the Mortgage Market
  • D. Macroeconomic Indicators
  • Annex: Explanatory note on data
For past editions of Hypostat and the data Excel files, please contact the EMF Secretariat at

Download hypostat

To download the latest EMF Hypostat, please complete this form and click on “Download”. You will then receive an e-mail with the download link.