Mortgage loans rose 55.6% yoy to NOK 3,308 bil in Norway in 1Q2024, according to the National Central Bank. This is 0.942% more than in the previous quarter.
Historically, mortgage loans in Norway reached an all time high of NOK 3,403 bil in 3Q2022 and an all time low of NOK 1,505 bil in 1Q2009. When compared to Norway's main peers, mortgage loans in Denmark amounted to DKK 2,359 , EUR 228 in Finland, ISK 1,851 bil in Iceland and SEK 2,833 in Sweden in 1Q2024.
Norway has been ranked 7th within the group of 63 countries we follow in terms of mortgage loans, 5 places above the position seen 10 years ago.
| Mortgage Loans (Local Currency) | Unit | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Australia | AUD bil | 2,226 | 2,192 | 2,219 | 2,326 | 2,350 | ... | |||||||||||||||
| Denmark | DKK bil | 2,117 | 2,127 | 2,243 | 2,247 | 2,363 | ... | |||||||||||||||
| Finland | EUR bil | 232 | 225 | 228 | 228 | 231 | ... | |||||||||||||||
| Germany | EUR bil | 1,637 | 1,641 | 1,177 | 1,373 | 1,375 | ... | |||||||||||||||
| Iceland | ISK bil | 1,737 | 1,759 | 1,778 | 1,800 | 1,823 | ... | |||||||||||||||
| Indonesia | IDR bil | 945,865 | 973,151 | 997,443 | 1,031,501 | 1,068,840 | ||||||||||||||||
| Netherlands | EUR bil | 813 | 817 | 796 | 800 | 804 | ... | ... | ||||||||||||||
| New Zealand | NZD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||
| Norway | NOK bil | 2,118 | 2,127 | 3,206 | 3,236 | 3,278 | ... | |||||||||||||||
| Papua New Guinea | PGK bil | 2.94 | 2.95 | 2.99 | 3.24 | 3.40 | ... | ... | ||||||||||||||
| Russia | RUB bil | ... | ... | ... | ... | 15,449 | ... | ... | ... | ... | ||||||||||||
| Sweden | SEK bil | 4,045 | 4,054 | 2,865 | 2,830 | 2,819 | ... | |||||||||||||||
| United Kingdom | GBP bil | 3,197 | 3,198 | 3,188 | 3,204 | 3,198 | ... |
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