Mortgage Rate Highest in Pakistan Among South Asian Countries

Pakistan’s mortgage rates stand notably high at around 24 percent, marking the highest among its South Asian counterparts.

This rate is notably higher than the single-digit mortgage rates prevalent in other regional economies such as Vietnam, Indonesia, and India, varying around 8-9 percent.

This situation presents a stark contrast to more developed Asian economies like Singapore, Japan, and Taiwan, where mortgage rates are considerably lower, ranging between 2 percent and 4 percent, according to a research report published by House…