Greece Joins the Eurozone Countries With the Lowest Mortgage Rates
Greece emerged among the five eurozone members offering the lowest fixed mortgage rates in November 2025, marking a notable improvement in its lending environment. Each new set of data from the European Central Bank confirmed that the country’s average fixed rate for mortgages up to 5 years stood at 3.04 percent, remaining below the wider eurozone average of 3.35 percent.
Recent figures indicated that Greece steadily climbed the rankings throughout 2025, advancing from 9th position with a rate of 3.44 percent to 5th place by November. Additional comparisons showed that the rate reduction has been significant since October 2023, when the average mortgage rate was 4.04 percent immediately after the last increase in ECB interest rates.
Another milestone was reached as Greece recorded positive mortgage credit expansion for the first time since October 2010. Updated data from the Bank of Greece revealed that the 12 month change in mortgage lending rose to plus 0.4 percent in November 2025.
ECB statistics demonstrated that the five countries with the lowest mortgage rates in November 2025 were the following:
Malta 1.79 percent
Portugal 2.73 percent
Croatia 2.75 percent
Cyprus 2.85 percent
Greece 3.04 percent
The same data showed that the highest rates during the month were recorded in the following markets:
Latvia 8.68 percent
Estonia 7.04 percent
Lithuania 4.74 percent
Netherlands 3.70 percent
Germany and Belgium 3.56 percent
Other eurozone nations reported the following average fixed mortgage rates for up to 5 years in November 2025:
Ireland 3.46 percent
Slovakia 3.41 percent
Italy 3.29 percent
Luxembourg 3.27 percent
Austria 3.26 percent
France 3.22 percent
Slovenia 3.21 percent
Spain 3.18 percent
Finland 3.13 percent
