Manya Rathore
Research expert covering India
Global mortgage industry: selected developed markets - statistics & facts
The mortgage sector has undergone major challenges since 2021, with soaring interest rates slowing the housing market and declining new business volumes. In many countries worldwide, taking out a loan is the most common way to become a homeowner, making the affordability of housing finance crucial for homeownership. These countries, usually with advanced financial sectors and lending practices, tend to have a high share of the population repaying a mortgage loan. The high-interest rate environment therefore has a significant impact on the housing market, household finances, and lenders.
