Quarterly Review
The Quarterly Review Data Hub shows data on mortgage and housing market developments on a more frequent, quarterly, and annual basis. This data set is based on a country sample covering around 95% of the total outstanding mortgage lending in the EU27 and the UK.
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Quarterly Review of the European Housing and Mortgage Markets - Q2 2025 I Housing Affordability: The Squeeze on the Private Rental Sector
This quarter’s focus is on the short-term rental market and its impact on Europe’s housing market. The expansion of short-term rentals has a direct impact on housing as properties that used to be homes increasingly chase tourist revenues. This contributes to the housing crisis in different countries, leading governments to implement measures like annual day limits and, in some cases, localised bans to protect affordability for residents as well as neighbourhood stability. This review includes a table where readers can find details on three critical areas on the short-term rental market: Regulation, Taxes, and the Political and Social response for each country. This edition also features an article by esteemed EMF contributor, Claude Taffin, on the private rental sector in France and Europe.
Quarterly Review of the European Housing and Mortgage Markets - Q1 2025 I The Housing Affordability Crisis
In this edition, in addition to the usual national updates, we have included a ‘horizontal’ review of the most important topic of the day: the housing affordability crisis and different national policy responses to it. We have asked our national contributors to summarise the specific measures in place to face this crisis in their countries. We have also included a deep dive into one of the most interesting and rapidly developing of Europe’s mortgage markets: Hungary, kindly contributed by Gyula Nagy, CEO of MBH Mortgage Bank and chair of the EMF’s Research and Data committee.
Quarterly Review of the European Housing and Mortgage Markets - Q4 2024
This review looks at developments in the mortgage and housing markets in Q4 2024 and is based on a country sample including Belgium, Czechia, Germany, Denmark, Greece, Spain, Finland, France, Hungary, Ireland, Italy, The Netherlands, Poland, Portugal, Romania, Sweden, and the United Kingdom. This sample covers around 95% of total mortgage lending in the EU27 and UK. Where data for Q4 2024 is not yet available, the review reports figures from the most recently available quarter.
Quarterly Review of the European Housing and Mortgage Markets - Q3 2024
This review covers the mortgage and housing markets in Q3 2024 based on a country sample of Belgium, Czechia, Germany, Denmark, Greece, Spain, Finland, France, Hungary, Ireland, Italy, The Netherlands, Poland, Portugal, Romania, Sweden, and the United Kingdom, equal to 95% of total mortgage lending in the EU27 and UK. Where data is not yet available, it reports for the most recently available quarter. It ends with a look at the European Central Bank (ECB) Bank Lending Survey on the supply and demand for housing loans in the second quarter of 2024.
Quarterly Review of the European Housing and Mortgage Markets - Q2 2024
The total residential mortgage stock of the EMF country sample increased slightly to EUR 8.23 tn by the end of the second quarter. This is a decrease of 0.74% y-o-y. Gross lending increased by 1.6% y-o-y in Q2 2024.
Quarterly Review of the European Housing and Mortgage Markets - Q1 2024
The total residential mortgage stock of the EMF country sample increased slightly to EUR 8.34 tn by the end of the first quarter of 2024. This is an increase of 1.1% y-o-y, a rate of growth which has slowed over the course of 2023 and Q1 2024 from an initial 1.4% in Q1 2023.
Quarterly Review of the European Housing and Mortgage Markets - Q4 2023
The total mortgage stock of the EMF country sample increased slightly to EUR 8.33 tn by the end of the fourth quarter. The quarterly increase remained at % y-o-y in Q4. Each quarter in 2023 the mortgage stock grew by under 2% y-o-y (1.5% Q1, 1.5% Q2, 1.4% Q3).
Quarterly Review of the European Housing and Mortgage Markets - Q3 2023
Europe’s mortgage and housing markets have continued to moderate the general downward trend. Lending volumes had been falling significantly since Q3 2022, but have been steadily recovering since the second quarter of this year, indicating the arrival of the trough in the slowdown of mortgage lending.
Quarterly Review of the European Housing and Mortgage Markets - Q2 2023
Europe’s mortgage and housing markets continued to cool down in the second quarter of 2023. The general downward trend, observed already since the third quarter of 2022, slowed down significantly in Q2 2023, and indicated the arrival of the trough in the slowdown of mortgage lending. While the quarterly decline of gross lending in Q4 2022 and Q1 2023 still amounted to 18.8% and 17.9% respectively, the decrease in Q2 2023 amounted to only 2.2%. Markets were still influenced by generally high inflation rates, which led to a further contraction in the construction sector, while demand for housing remained tight.
Quarterly Review of the European Housing and Mortgage Markets - Q1 2023
The overall stagnation of economic activity in Europe and the omnipresent increase in consumer prices continued. According to publications by Eurostat, seasonally adjusted GDP increased by 0.1% in the EU27 while GDP decreased by 0.1% in the Euro area compared to the previous quarter. Compared to the previous year, adjusted GDP increased by 1.0% in the EU27 and in the Euro area, after a 1.7% increase in the EU27 and a 1.8% increase in the previous quarter. As in the previous quarter, households’ final consumption continued to decrease by 0.3% in the EU and Euro area as well as government expenditure by 0.9% in the EU27 and by 1.6% in the Euro area.