GITNUX MARKETDATA REPORT 2024
Statistics About The Average Construction Loan Interest Rate
The average construction loan interest rate typically ranges from 4% to 12% depending on various factors such as the borrower's credit score, loan term, and lender policies.
In this post, we will explore the diverse landscape of construction loan interest rates around the world. From the United States to Japan, and from Brazil to the United Kingdom, we will examine the varying averages and trends in construction loan interest rates across different regions and property types. The data presented offers valuable insights into the factors influencing these rates in the global construction industry.
Statistic 1
"Commercial banks charged an average interest rate of 5.08% on construction loans for industrial properties in the United states in 2020."
Statistic 2
"The weighted average interest rate on UK construction loans was 2.65% in the 2nd quarter of 2020."
Statistic 3
"In Canada, the average building and construction loan interest rate was 4.45% in 2020."
Statistic 4
"For the third quarter of 2019, the highest average construction loan interest rates by state were in Nebraska (5.1%) and Vermont (5%)."
Statistic 5
"The average construction loan interest rates for multi-family properties in the US was 5.06% in 2020."
Statistic 6
"In Australia, the average construction loan interest rate is typically around 5% to 6%."
Statistic 7
"In India, the average construction loan interest rates start from 6.70%."
Statistic 8
"As of 2021, the commercial and residential construction loan interest rate in China is around 4.35% to 4.75%."
Statistic 9
"The average construction-to-permanent loan interest rates range from 4.5% to 6.5% in 2021."
Statistic 10
"The average interest rate on construction loans for single-family residential properties in the U.S. was 5.15% in 2020."
Statistic 11
"In Brazil, the average construction loan interest rate was 8.50% in July 2021."
Statistic 12
"In Germany, the average construction loan interest rates start from 0.75% in 2021."
Statistic 13
"In 2020, the average interest rate on construction loans for commercial real estate properties in the U.S. was 4.47%."
Statistic 14
"The average interest rate on construction loans for multifamily residential properties in the U.S. was 5.17% in 2020."
Statistic 15
"In 2021, the average commercial building construction loan interest rate in Singapore ranges from 3.25% to 6.75%."
Statistic 16
"In Japan, the weighted average interest rate on new construction loans was 0.541% in April 2021."
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