Statistics: Mortgage Interest Rate in Estonia at a Record Low

According to ’s property Adaur blog, morgage rates in Estonia have fallen to a level of 3.15 per cent at the end of the first quarter of 2012. The only other time when such a low level of domestic rates was reached was back in 2005, writes Tõnu

And whilst interest rate margins have steadily grown over the last year, the falling Euribor rate of European banks’ lending rates has contributed to the overall decline in banks’ interest rates.

The current prognosis would have it that a low looks in the offing, and as a result, continuing low interest rates, writes Tõnu.

Meanwhile loans to businesses stood at a rate of 4.17 per cent at the end of the first quarter of 2012, Tõnu goes on.

This is a translation for Tallinn Property and Goodson & Red  property consultancy, and the original article (in Estonian) is available on ’s property blog here, complete with detailed graphs going back to 1998 and showing changes in rates, as well as interest rates within Estonia in Kroons and Euros (and also Deutschmarks since the Estonian Kroon was initially pegged to the German Mark after its inception in 1992) as well as the margin, i.e. the difference between the Euribor rate and the Estonian banks’ own interest rate.

Tallinn Property by Goodson & Red
Tallinn Property by Goodson & Red

Lisa kommentaar

Sinu e-postiaadressi ei avaldata.

*

− 1 = 1

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Kas soovid värsket kinnisvarainfot meilile?

Sisesta e-posti aadress ja ole kursis kinnisvaraturu liikumistega!

Kinnisvarakoolis järgmisena:

19.05.2022 Kasutusluba ja selle taotlemine