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Ranking of countries with the most favorable mortgage terms made public

27 May 2011 08:17 (UTC +04:00)

APA reports that it was determined as a result of researches conducted by the leading real estate company of Russia â€“ Penny Lane.

That is, Denmark and Sweden lead the world countries ranking on mortgage conditions. Explanation of the ranking says prices of mortgage credits of 60 countries were taken into account during the preparation. The main attention was given to the average interest rate, fees for opening and maintaining of the loan account, the cost of housing.

Note that, Azerbaijan takes 58th place in the ranking.

Â	Country	Average interest rate	Monthly payment, â‚¬	Overpayment on interest, â‚¬	Total Cost of credit i, â‚¬
1	Denmark	1,36%	566	16 684	138 935 or 114%
2	Sweden	2,23%	596	20 733	142 983 or 117%
3	Spain	2,44%	628	28 584	150 834 or 123%
4	Portugal	2,51%	624	27 603	149 853 or123%
5	Norway	2,89%	658	35 577	157 827 or Â 130%
6	Ireland	2,96%	654	34 718	156 968 or 128%
7	Greece	3,54%	676	39 993	162 243 or 133%
8	Germany	3,65%	708	47 722	169 972 or 139%
9	Great Britain	3,77%	702	46 250	168 500 or 138%
10	Holland	4,36%	696	44 778	167 028 or 137%
11	Switzerland	4,4%	734	53 979	176 229 or 144%
12	Liechtenstein	4,4%	734	53 979	176 229 or 144%
13	Finland	4,5%	739	55 206	177 456 or 145%
14	Hungary	4,5%	739	55 206	177 456 or 145%
15	USA	4,6%	745	56 432	178 682 or 146%
16	Singapore	4,6%	745	56 432	178 682 or 146%
17	Jamaica	4,7%	750	57 659	179 909 or 147%
18	Canada	4,8%	755	58 885	181 135 or 148%
19	England	4,9%	760	60 113	182 363 or 149%
20	Japan	4,9%	760	60 113	182 363 or 149%
21	Bonaire (special municipality of the Netherlands)	5,0%	765	61 339	183 589 or 150%
22	Cayman islands	5,0%	765	61 339	183 589 or 150%
23	Barbados	5,2%	775	63 793	186 043 or 152%
24	Hong Kong	5,3%	780	65 020	187 270 or 153%
25	Lebanon	5,4%	785	66 247	188 497 or 154%
26	Curacao	5,5%	790	67 473	189 723 or 155%
27	New Zealand	5,6%	796	68 700	190 950 or 156%
28	Malta	5,8%	806	71 154	193 404 or 158%
29	San Marten	5,8%	806	71 154	193 404 or 158%
30	San Vincent	5,8%	806	71 154	193 404 or 158%
31	Aruba	5,9%	811	72 381	194 631 or 159%
32	Andorra	5,9%	811	72 381	194 631 or 159%
33	Bulgaria	6,2%	826	76 061	198 311 or 162%
34	Antigua and Barbuda	6,3%	831	77 288	199 538 or 163%
35	Czech Republic	6,7%	852	82 195	204 445 or 167%
36	Turkey	6,8%	857	83 422	205 672 or 168%
37	Cyprus	6,9%	862	84 648	206 898 or 169%
38	Dubai	7,1%	872	87 102	209 352 or 171%
39	Australia	8,1%	923	99 370	221 620 or 181%
40	Barbados	8,2%	928	100 597	222 847 or 182%
41	Bosnia and Herzegovina	8,8%	959	107 957	230 207 or 188%
42	Fiji	9,3%	985	114 091	236 341 or 193%
43	Jordan	9,5%	995	116 545	238 795 or 195%
44	Albania	10,4%	1 041	127 586	249 836 or 204%
45	Nicaragua	10,5%	1 046	128 813	251 063 or 205%
46	Honduras	10,5%	1 046	128 813	251 063 or 205%
47	Russia	11,5%	1097	141 097 190 152	263 348 or 215%
48	Macedonia	12,6%	1 153	154 575	276 825 or 226%
49	Egypt	13,1%	1 179	160 709	282 959 or 231%
50	Moldova	13,2%	1 184	161 936	284 186 or 232%
51	Columbia	13,3%	1 189	163163	285 413 or 233%
52	Bangladesh	14,0%	1 225	171751	294 001 or 240%
53	Kenya	14,1%	1 230	172 977	295 227 or 241%
54	Uzbekistan	14,6%	1 256	179 111	301 361 or 247%
55	Kazakhstan	15,5%	1 302	190 152	312 402 or 255%
56	Armenia	15,9%	1 322	195 060	317 310 or 260%
57	Ukraine	16,3%	1 343	199 967	322 270 or 264%
58	Azerbaijan	16,9%	1 373	207 327	329 577 or 270%
59	Argentina	18,0%	1 429	220 822	343 072 or 281%
60	Turkmenistan	18,0%	1 429	220 822	343 072 or 281%