The country with the cheapest mortgage has been named
In Europe, Switzerland offers the lowest fixed mortgage rate, with the average currently at 1.75%.
For comparison, in Germany a loan for the purchase of real estate for a period of 15 years can be obtained at 1.9% per annum, and in Denmark – about 3%.
In Finland, most banks can offer a mortgage at a fixed rate of 1.83%, in Luxembourg – around 2%.
In Switzerland, mortgages are usually issued for a short period of 10 years. The loan amount can reach 80% of the property value. Finnish banks are more willing to issue loans for 75% of the property value, but in some cases a 100% mortgage for up to 25 years is possible.
In Luxembourg, you can get a mortgage for up to 30 years for 80% of the value of the property.
The most favorable mortgage lending conditions are available to citizens of these countries. However, foreigners can also apply for a mortgage in countries such as Germany, Spain, France and the United Kingdom.
In Ukraine, the interest rate on mortgage loans exceeds 20%
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