The Bank of Finland reported that households drew down EUR 355.9 million in holiday home loans in the first half of 2026, down from EUR 371 million a year earlier. The decline reflected a lower average loan amount, while the number of new loans increased slightly. June drawdowns fell 5% year on year to EUR 94.7 million, 12% below the average for June in 2011–2025. The average rate on new holiday home loans was 3.31% in June, up from 2.83% a year earlier. Euribor-linked loans accounted for 95% of new lending, with the share tied to the 12-month Euribor falling to 48% from 68% in 2025 as the three-month and six-month rates gained use. The outstanding stock contracted 0.8% year on year to EUR 4.4 billion.
Bank of Finland2026-07-28
Bank of Finland reports lower holiday home lending and shift toward shorter Euribor rates
The Bank of Finland reported that first-half holiday home loan drawdowns declined to EUR 355.9 million, mainly because of smaller average loan amounts. The average rate on new loans rose to 3.31% in June, while borrowers increasingly shifted from the 12-month Euribor to shorter reference rates.