Mortgage rates in Italy: 3.37% in Q1 2026, among the most competitive in Europe
Quick Look
- In the first quarter of 2026, the average mortgage rate in Italy stood at 3.37%, in line with the 3.38% of Q4 2025.
- Italy remains among the most favorable European markets, with rates lower than those of Hungary (6.58%), Romania (5.70%), Norway (5.06%), the Czech Republic (4.52%) and the United Kingdom (4.10%).
- The rates in Germany (3.75%) and the Netherlands (3.67%) are slightly higher.
AI-generated summary
Why It Matters
The analysis is based on data from the European Mortgage Federation (EMF) for the first quarter of 2026 and compares average mortgage rates in several European countries.
In the first quarter of 2026 the average rate stood at 3.37%, in line with the end of 2025. Higher costs are recorded in much of Europe, from the United Kingdom to Hungary, while Germany and the Netherlands maintain levels slightly higher than the Italian ones
"Italy confirms itself among the most favorable European markets for those who take out a mortgage". This is highlighted by an analysis by Mutuionline.it based on the latest data from the European Mortgage Federation (EMF), according to which in the first quarter of 2026 the average rate in our country stood at 3.37%, substantially stable compared to the 3.38% recorded in the last quarter of 2025.
Higher costs in much of Europe
"In international comparison, the Italian figure is among the most competitive. In several European countries, real estate financing costs remain significantly higher. They range from 6.58% recorded in Hungary to 5.70% in Romania, up to 5.06% in Norway and 4.52% in the Czech Republic. Even in the United Kingdom the average rate remains above the Italian one, reaching 4.10%, with a differential of 73 basis points compared to our country in the first quarter of 2026".
Comparison with the main Western markets
The gap with some of the major Western European countries is more limited. In Germany the average rate stands at 3.75%, while in the Netherlands it reaches 3.67%. Values slightly higher than the Italian ones are also recorded in Greece (2.50%) and Belgium (3.45%).
Read also
ECB raises interest rates by 0.25%: what changes for mortgages
France and Spain cheaper
Among the markets that offer better conditions than Italy are Denmark, with an average rate of 3.32%, France at 3.21% and above all Spain, which with 2.72% records the lowest level among the countries analysed, but "where the offer of subsidized rate mortgages for customers who subscribe to additional products such as current accounts, insurance policies or other banking services is very widespread among the main credit institutions". "These conditions therefore contribute to lowering the nominal rate applied to the loan", notes Mutuionline.it.
Read also
Mortgage subrogation and fixed rate, because it is convenient after the interest rate rise
Open Questions
- What is the expected trend in mortgage rates in the coming quarters?
- How will ECB policies influence national rates?
- What is the actual demand for mortgages in Italy compared to other countries?
