The average value of mortgage loans granted in the UK since 2016 ranged between 156,000 British pounds and 203,000 British pounds. In the third quarter of 2024, the average mortgage loan amounted to nearly 196,390 British pounds - the second-highest figure on record after the third quarter of 2022. The overall increase in the average value of mortgages granted can be explained by the accelerated increase in house prices since the outbreak of the coronavirus (COVID-19) pandemic.
Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024
(in 1,000 GBP)
Characteristic
Average value of mortgages in thousand British pounds
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Statista. (November 7, 2024). Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024 (in 1,000 GBP) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/
Statista. "Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024 (in 1,000 GBP)." Chart. November 7, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/
Statista. (2024). Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024 (in 1,000 GBP). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/
Statista. "Average Value of Mortgages Granted in The United Kingdom (Uk) from 1st Quarter 2016 to to 3rd Quarter 2024 (in 1,000 Gbp)." Statista, Statista Inc., 7 Nov 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/
Statista, Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024 (in 1,000 GBP) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/ (last visited November 10, 2024)
Average value of mortgages granted in the United Kingdom (UK) from 1st quarter 2016 to to 3rd quarter 2024 (in 1,000 GBP) [Graph], Statista, November 7, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/915977/average-value-of-mortgage-granted-in-the-united-kingdom/
