{"id":2209469,"date":"2026-10-20T09:04:04","date_gmt":"2026-10-20T06:04:04","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2209469"},"modified":"2026-10-20T09:04:04","modified_gmt":"2026-10-20T06:04:04","slug":"german-mortgage-rates-climb-to-highest-since-2009-as-iran-war-stokes-inflation-fears","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2209469","title":{"rendered":"German mortgage rates climb to highest since 2009 as Iran war stokes inflation fears"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/95\/97\/39\/1200x675_cmsv2_dc343f6e-1274-5e48-8bdf-e290d0325333-9959739.jpg&#8221;]<\/p>\n<article id=\"abe-2934413-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 the-media-object--has-video\" data-nid=\"2934413\" data-cid=\"9956308\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934413-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/63\/08\/189x106_cmsv2_ef401653-e754-5981-a575-232536f149da-9956308.jpg\" loading=\"lazy\" alt=\"Europe Today\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe Today<\/p>\n<div class=\"the-media-object__title  \"><span class=\"c-article-title__prefix--red\">Live.<\/span><\/p>\n<p>    France to deploy army before weekend protests as Italy tightens powers\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2935405-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2935405\" data-cid=\"9960958\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935405-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/09\/58\/189x106_cmsv2_08bd5f19-661d-5a2e-b964-5a33188bbe35-9960958.jpg\" loading=\"lazy\" alt=\"In this Saturday, Sept. 18, 2021 file photo, emissions rise from the smokestacks at the Jeffrey Energy Center coal power plant as the suns sets, near Emmett, Kansas, US\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    &#8216;Pull out all the stops&#8217;: UN lays out path to limiting global warming\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2935394-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2935394\" data-cid=\"9960934\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935394-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/09\/34\/189x106_cmsv2_5a62d2dd-4f7d-5ae0-a5e3-88005ee8bdc8-9960934.jpg\" loading=\"lazy\" alt=\"FILE - 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New apartment houses are under construction in Frankfurt, Germany, 25 Sept. 2023\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. New apartment houses are under construction in Frankfurt, Germany, 25 Sept. 2023<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Michael Probst<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Michael Probst\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1792487044\">\n         Published on<br \/>\n            <time datetime=\"2026-10-20 11:04:04 +02:00\">20\/10\/2026 &#8211; 11:04 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span 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loading=\"lazy\"><span>Telegram<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"48\" height=\"48\" alt=\"telegram\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"24\" height=\"24\" alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Mortgages in Germany are now at their most expensive since 2009, with the average rate on ten-year loans nearing 4.5%, according to broker Interhyp, as inflation fears stoked by the Iran war push up borrowing costs.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Getting a loan to buy a house in Germany now costs more than at any time since the 2009 financial crisis, as worries that the Iran war will keep inflation high and drive up interest rates, Munich-based mortgage broker Interhyp said.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The typical rate on a ten-year loan is now close to 4.5% which is above the previous peak of just over 4.4% reached at the end of 2023, according to the broker.<\/p>\n<p>The average rate on ten-year mortgages has climbed from 3.9% as recently as May, Interhyp CEO J\u00f6rg Utecht stated, citing data.<\/p>\n<p>Interhyp\u2019s latest survey of lenders, published on 15 October, put the ten-year average at about 4.4% but it continues to rise. However, most banks polled expect rates to hold steady over the next two months, while 60% see them falling over six to 12 months and 40% expect further rises.<\/p>\n<p>Both Interhyp\u2019s figures and data on home loans to households from the Bundesbank, Germany\u2019s central bank, show borrowing costs have not been this high since the 2009 financial crisis.<\/p>\n<p>Data from the European Central Bank (ECB) also confirmed how quickly borrowing costs have swung.<\/p>\n<p>The average German mortgage rate jumped from 1.48% in early 2022 to 4.15% at the end of 2023, eased to 3.57% in early 2025 and climbed back to 3.91% in the second quarter of this year, before the latest jump.<\/p>\n<h2>War and the ECB<\/h2>\n<p>Utecht blamed the latest rise mainly on the Iran war and the inflation fears it has fuelled.<\/p>\n<p>To keep prices in check, the ECB has raised interest rates twice this year, lifting its key deposit rate to 2.5%.<\/p>\n<p>For an average home loan, the recent increase adds almost \u20ac200 to monthly repayments, Utecht said, adding that some customers had become more hesitant.<\/p>\n<p>He also explained rates would only come down significantly once the conflict is resolved for good, which he saw little sign of so far.<\/p>\n<p>Despite the increase in borrowing costs, &#8220;German house prices continue to edge higher,&#8221; Dutch bank ING said in an analysis last month, arguing that the housing market\u2019s weakness was showing up everywhere except in prices.<\/p>\n<p>Prices rose 0.6% year on year in the second quarter of this year, according to the federal statistics office Destatis, leaving them more than 5% above their 2024 low but still 8.2% short of their 2022 high.<\/p>\n<p>Meanwhile, new mortgage lending was down more than 1.5% between January and July.<\/p>\n<p>ING said &#8220;the chronic lack of housing supply has prevented a more pronounced correction in prices&#8221;, adding that residential construction &#8220;remains subdued&#8221;.<\/p>\n<p>It also warned that &#8220;a meaningful rebound in housing demand appears unlikely in the near term&#8221;.<\/p>\n<p>Borrowers will next look to the ECB, which announces its next interest rate decision on 29 October.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2935166-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 the-media-object--has-video\" data-nid=\"2935166\" data-cid=\"9959942\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935166-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/99\/42\/480x270_cmsv2_10d3dffe-276e-520f-95b4-200ce13318e6-9959942.jpg\" loading=\"lazy\" alt=\"Romanian Navy perform drills in Black Sea. 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2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Could France\u2019s debt troubles tip Italy into recession?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Iran war<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  credit on mortgage<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Housing<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Germany<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Housing market<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" 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class=\"the-media-object__title  \">\n<p>    Elon Musk backs SpaceX-Tesla merger as rocket firm turns profit<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2935394-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2935394\" data-cid=\"9960934\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935394-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/09\/34\/320x180_cmsv2_5a62d2dd-4f7d-5ae0-a5e3-88005ee8bdc8-9960934.jpg\" loading=\"lazy\" alt=\"FILE - Photo of Netflix series Bridgerton advert\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Netflix shares drop on slowing engagement and revenue growth<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2934990-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2934990\" data-cid=\"9958897\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934990-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/88\/97\/320x180_cmsv2_0ac053bd-6349-50f6-9f76-348f5d09fd78-9958897.jpg\" loading=\"lazy\" alt=\"People walk past a looted store, after violence erupted during nationwide protests against rising living costs and poor conditions in schools, in Paris, Monday, Oct. 19, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France riot damage doubles: Who pays for thousands of destroyed shops?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2935118-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2935118\" data-cid=\"9959503\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935118-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/95\/03\/320x180_cmsv2_8be8657f-81a6-53c9-aa59-06c986201dfa-9959503.jpg\" loading=\"lazy\" alt=\"File - Black smoke and flames rise from an oil facility in an industrial area in southern Riyadh, Saudi Arabia, Saturday, 3 Oct. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Oil prices top $110 as traders weigh Middle East supply risks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2935245-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2935245\" data-cid=\"9960265\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935245-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/28\/81\/320x180_cmsv2_523eb3cf-7bf2-5ab5-b179-3081a273e0f2-9952881.jpg\" loading=\"lazy\" alt=\"FILE - London city view\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Power outage hits Google Cloud services disrupting UK banks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2934990-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2934990\" data-cid=\"9958897\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France riot damage doubles: Who pays for thousands of destroyed shops?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2935148-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2935148\" data-cid=\"9959739\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German mortgage rates hit highest level since 2009<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2935072-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2935072\" data-cid=\"9959286\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why pharma giant Roche is putting German investments on hold<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-795514-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"795514\" data-cid=\"3983694\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2933978-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2933978\" data-cid=\"9953828\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Central Asia\u2019s $5bn \u2018Gas Ring\u2019 plan aims to boost energy security<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2935166-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 the-media-object--has-video\" data-nid=\"2935166\" data-cid=\"9959942\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935166-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/99\/42\/480x270_cmsv2_10d3dffe-276e-520f-95b4-200ce13318e6-9959942.jpg\" loading=\"lazy\" alt=\"Romanian Navy perform drills in Black Sea. FILE\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Russian Black Sea strikes deepen \u2018perfect storm\u2019 for food supplies<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935072-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2935072\" data-cid=\"9959286\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935072-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/92\/86\/480x270_cmsv2_c150fa0f-5778-5dda-b022-f6c54603c8e7-9959286.jpg\" loading=\"lazy\" alt=\"The headquarters of Swiss multinational holding healthcare company Roche are pictured in Basel, Switzerland, Monday, June 30, 2025. (AP Photo\/Martin Meissner)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Why pharma giant Roche is putting German investments on hold<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934906-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2934906\" data-cid=\"9958349\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934906-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/83\/49\/480x270_cmsv2_61f81447-9c87-5f51-857b-4d9cca591c0e-9958349.jpg\" loading=\"lazy\" alt=\"A man walks past a looted store the day after a demonstration against rising living costs and in solidarity with students\u2019 grievances, in Paris, Sunday, 18 Oct. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Could France\u2019s debt troubles tip Italy into recession?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935380-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2935380\" data-cid=\"9960883\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935380-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/08\/83\/320x180_cmsv2_9d405aa4-0177-5d78-b75c-9c309accb05e-9960883.jpg\" loading=\"lazy\" alt=\"FILE - Elon Musk\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Elon Musk backs SpaceX-Tesla merger as rocket firm turns profit<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935394-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2935394\" data-cid=\"9960934\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935394-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/09\/34\/320x180_cmsv2_5a62d2dd-4f7d-5ae0-a5e3-88005ee8bdc8-9960934.jpg\" loading=\"lazy\" alt=\"FILE - Photo of Netflix series Bridgerton advert\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Netflix shares drop on slowing engagement and revenue growth<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934990-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2934990\" data-cid=\"9958897\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934990-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/88\/97\/320x180_cmsv2_0ac053bd-6349-50f6-9f76-348f5d09fd78-9958897.jpg\" loading=\"lazy\" alt=\"People walk past a looted store, after violence erupted during nationwide protests against rising living costs and poor conditions in schools, in Paris, Monday, Oct. 19, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France riot damage doubles: Who pays for thousands of destroyed shops?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935118-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2935118\" data-cid=\"9959503\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935118-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/95\/03\/320x180_cmsv2_8be8657f-81a6-53c9-aa59-06c986201dfa-9959503.jpg\" loading=\"lazy\" alt=\"File - Black smoke and flames rise from an oil facility in an industrial area in southern Riyadh, Saudi Arabia, Saturday, 3 Oct. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Oil prices top $110 as traders weigh Middle East supply risks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935245-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2935245\" data-cid=\"9960265\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935245-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/28\/81\/320x180_cmsv2_523eb3cf-7bf2-5ab5-b179-3081a273e0f2-9952881.jpg\" loading=\"lazy\" alt=\"FILE - London city view\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Power outage hits Google Cloud services disrupting UK banks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934990-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2934990\" data-cid=\"9958897\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France riot damage doubles: Who pays for thousands of destroyed shops?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935148-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2935148\" data-cid=\"9959739\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German mortgage rates hit highest level since 2009<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2935072-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2935072\" data-cid=\"9959286\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why pharma giant Roche is putting German investments on hold<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-795514-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"795514\" data-cid=\"3983694\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2933978-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2933978\" data-cid=\"9953828\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Central Asia\u2019s $5bn \u2018Gas Ring\u2019 plan aims to boost energy security<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Getting a loan to buy a house in Germany now costs more than at any time since the 2009 financial crisis, as worries that the Iran war will keep inflation high and drive up interest rates, Munich-based mortgage broker Interhyp said.The typical rate on a ten-year loan is now close to 4.5% which is above the previous peak of just over 4.4% reached at the end of 2023, according to the broker.The average rate on ten-year mortgages has climbed from 3.9% as recently as May, Interhyp CEO J\u00f6rg Utecht stated, citing data.Interhyp\u2019s latest survey of lenders, published on 15 October, put the ten-year average at about 4.4% but it continues to rise. However, most banks polled expect rates to hold steady over the next two months, while 60% see them falling over six to 12 months and 40% expect further rises.Both Interhyp\u2019s figures and data on home loans to households from the Bundesbank, Germany\u2019s central bank, show borrowing costs have not been this high since the 2009 financial crisis.Data from the European Central Bank (ECB) also confirmed how quickly borrowing costs have swung.The average German mortgage rate jumped from 1.48% in early 2022 to 4.15% at the end of 2023, eased to 3.57% in early 2025 and climbed back to 3.91% in the second quarter of this year, before the latest jump.War and the ECBUtecht blamed the latest rise mainly on the Iran war and the inflation fears it has fuelled.To keep prices in check, the ECB has raised interest rates twice this year, lifting its key deposit rate to 2.5%.For an average home loan, the recent increase adds almost \u20ac200 to monthly repayments, Utecht said, adding that some customers had become more hesitant.He also explained rates would only come down significantly once the conflict is resolved for good, which he saw little sign of so far.Despite the increase in borrowing costs, &#8220;German house prices continue to edge higher,&#8221; Dutch bank ING said in an analysis last month, arguing that the housing market\u2019s weakness was showing up everywhere except in prices.Prices rose 0.6% year on year in the second quarter of this year, according to the federal statistics office Destatis, leaving them more than 5% above their 2024 low but still 8.2% short of their 2022 high.Meanwhile, new mortgage lending was down more than 1.5% between January and July.ING said &#8220;the chronic lack of housing supply has prevented a more pronounced correction in prices&#8221;, adding that residential construction &#8220;remains subdued&#8221;.It also warned that &#8220;a meaningful rebound in housing demand appears unlikely in the near term&#8221;.Borrowers will next look to the ECB, which announces its next interest rate decision on 29 October.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/10\/20\/german-mortgage-rates-climb-to-highest-since-2009-as-iran-war-stokes-inflation-fears&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/95\/97\/39\/1200x675_cmsv2_dc343f6e-1274-5e48-8bdf-e290d0325333-9959739.jpg&#8221;] Europe Today Live. 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