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What is the real cost of owning your Spanish property as a non-resident?

Article Overview: Get the essential information in 30 seconds, then dive deeper into any section that interests you.

Congratulations on your purchase. Now, let’s check the annual costs of owning your property.

You’ll have those divided into five different groups: Taxes, Insurance, Utilities (Electricity, Water, Gas, Television, Internet, Telephone), the charges of your property and eventually Community Charges.

Let’s have a look at a concrete example: a two-bedroom apartment in Barcelona of 100 m2 with a market price in 2022 of 440.000€ and a “Valor Catastral” of 100,000€. We assume a rental value of 18.000€.

1. Taxes

If you want to have a detailed view from our experts on this subject, have a look at our article: What taxes do you have to pay on your Spanish property?

Here is a quick summary:

• Local Tax: IBI, “Impuesto sobre Bienes Inmuebles“

• State Tax: You are renting it. You are not renting it… Modelo 210 – Form 210

2. Insurance

The insurance should be approximately 0.05% of the property’s value.

The insurance for the apartment in Barcelona is under 250€.

3. Utilities

If your apartment in Barcelona is empty, you’ll have a few charges to have accounts open and running:

• +/- 15€ / month for water
• +/- 20€ / month for electricity
• +/- 6€ / month for gas

For a total of 41€ / month if your apartment in Barcelona is not rented.

If your apartment in Barcelona is rented, charges may increase up to 150€ / month. With inflation rising since 2021, you should expect those costs to increase even more in the future.

4. Community Charges

This charge depends on the property you bought:

• Is there a lift in the building?
• Is the property new? Does it need more or less of maintenance?
• Are many properties empty?
• Do you have a swimming pool?
• How often is the property cleaned?

For your apartment in Barcelona, expect to pay between 50€ and 100€ per month.

5. Charges on your property

• Do you have a private garden?
• Do you have your private pool?
• The paintwork needs doing?
• Do you have a mortgage? Check our paper we wrote on that to find out what is your monthly mortgage payment: What is the cost of your Spanish Mortgage? Your ultimate Mortgage calculator

Do you want to ensure the cost of buying a Spanish property? Read the news we wrote on this. Last but not least, another interesting paper is: the cost of living in Spain vs any country in the world.

All that information is from reliable sources. We advise you to consult with your fiscal and legal advisors in Spain to ensure that all costs are up to date and adjusted to your specific situation. Find your Spanish property lawyer here.

Do you want to start searching immediately?

Discover the best new build projects in Spain available right now

If you don’t know where to buy, this general article on the Spanish Real Estate market could be handy: Everything you ever wanted to know about the top 20 Spanish real estate markets

Get your insights right to your mailbox? Register for our weekly newsletter.

This infographic could help you before buying your new property in Spain.

Don’t try to do it alone, you think you will save money, but you will WASTE money

Spanish Property Ownership Costs FAQ

The post What is the real cost of owning your Spanish property in 2025? appeared first on How to buy in Spain.

Mortgage rates for non-residents: Spain’s position in the European landscape

Here is our update of January 2025 with the last available data (November 2024) on Spanish mortgage rates for non-residents from the European Central Bank

One question we receive from our customers nearly daily is: How expensive are the mortgage rates in Spain compared to other European countries?

We were due to do some work on that, and here is the result. At the same time, we took the opportunity to increase our databases, and this article will be updated later. Please note that all charts are interactive, and whenever we update our database, the charts will be updated accordingly.

Thanks to our network of local partners, we offer the best mortgage rates in Spain for those looking to finance a home in Spain. Take 30 seconds to fill out this quick form to get the best Spanish mortgage rates as a non-resident.

1. Mortgage rates in Spain for non-residents: our 2-minute video

   Would you like to watch this video in your language? Click on the bottom right of the video on “cc” to get subtitles in your language.
   

    

2. Navigating the Mortgage process as a non-resident in Spain

   While many international buyers prefer to purchase their Spanish second home outright with cash, this approach might not always be the most strategic. Even if you have the means for an all-cash transaction, considering a mortgage could unlock a suite of financial benefits. From diversifying your investments and increasing liquidity to optimising tax efficiencies, the advantages are compelling. Intrigued? We invite you to journey with us through the upcoming sections, where we’ll unveil the nuanced benefits of leveraging a mortgage for your property in Spain—a decision that could redefine your financial strategy.

   Securing a mortgage in Spain as a non-resident is a feasible endeavour, though it does come with its unique set of challenges and considerations. Given that the majority of your assets are likely situated outside of Spain, Spanish banks will meticulously evaluate both your financial profile and the property in question to mitigate their risk exposure. Generally speaking, the terms offered to non-residents may be more conservative compared to those available to residents. This often translates to less favourable interest rates, stricter borrowing criteria, and a reduced loan-to-value ratio, meaning you might need to provide a larger down payment. Additionally, the process might involve more comprehensive documentation and a longer evaluation period to thoroughly assess the viability of extending credit under these circumstances. Understanding these nuances and preparing accordingly can smooth the path to acquiring your Spanish property.

   
   
   

3. Comparing Spanish Mortgage rates with European averages

    

   Spanish vs. European Real Estate Financing

   Thanks to the detailed database of the European Central Bank that we could import, we were able to run a thorough analysis of mortgage conditions for all European countries compared to Spain. Before examining detailed statistics on various mortgage solutions, we reviewed general conditions for mortgage rates in both Europe and Spain.
   All Mortgages issued in Spain in November 2024 had an average interest rate of 3.04%  (vs 3.1% in January 2023) while all mortgages issued in Europe had an average interest rate of  3.44%  for the same period (vs 3.19% in Spain in January 2023).

   The chart below clearly demonstrates a strong correlation between Spanish mortgage rates and their European counterparts. Both datasets, meticulously compiled by the European Central Bank, serve to monitor financial trends across the region. Historically, from November 2014 to April 2022, Spanish mortgage rates consistently exceeded the European average, resulting in a more expensive borrowing climate within Spain. During this timeframe, the average Spanish mortgage rate stood at 2.02%, in contrast to the slightly lower European rate of 1.87%, indicating a notable 0.15% disparity that disadvantaged both the Spanish property market and prospective homeowners.

   Spanish mortgage rates are cheaper than European ones

   A new trend started in 2022

   However, the trend reversed post-April 2022, as Spanish mortgage rates began to align with or dip below the European average. As of November 2024, the most recent data point at the time of this analysis, the average mortgage rate in Spain had settled at 3.04%, marginally below the European average of 3.44%.

   This shift represents a significant 0.40% advantage, benefiting both the Spanish real estate market and its investors: Spaniards and foreigners, and reflects a notable improvement in the affordability and attractiveness of Spanish mortgages relative to the broader European landscape.

   Now that we have analysed all the mortgages issued in both Europe and Spain, it is time to compare rates for different mortgage solutions. As you know, mortgage rates are separated into two big categories:

   • fixed-rate mortgages, mostly mortgages that will keep the same rate over the full mortgage length, usually between 10 and 25 years,
   • Variable-rate mortgages, mortgages that will change rates over the life of the mortgage (monthly, yearly, or every five years)

   In the following analysis, we will delve further into the nuances of four distinct mortgage categories: variable-rate mortgages, fixed-rate mortgages with terms of 1-5 years, those with terms of 5-10 years, and fixed-rate mortgages with a term of 10 years. Notably, variable-rate and 10-year fixed-rate mortgages stand out as the most popular choices among individuals financing their home purchases, both across Europe and specifically within Spain. This comparison aims to illuminate the characteristics and trends that define each category, providing a comprehensive overview of the Spanish mortgage landscape.

   Here are all the evolutions and a quick analysis for each:

   Variable Mortgage rates: Spain vs Europe showdown

   As you can see on the chart, Spanish mortgage rates since April 2022 were nearly always cheaper than mortgages in Europe, and as of November 2024, they are more affordable by 0.40%.

    

   1-5 years fixed Mortgage rates face-off: Spain vs Europe

    

   As you can see on the chart, Spanish mortgage rates with fixed rates between 1 and 5 years are one of the only Spanish mortgage rates for which you will pay more than in other European countries. On average, as of November 2024, you will pay 0.21% more.

    

   5-10 years fixed Mortgage Rates: Spain vs Europe head-to-head

   As you can see on the chart, fixed Spanish mortgage rates (ranging from 5 to 10 years) were consistently more expensive in Spain than in other European countries. Interestingly, as of November 2024, Spanish mortgage rates trade close to the European average, i.e. no more premium than in the past.

    

   10-Year fixed Mortgage rates in Spain versus Europe

   As you can see on the chart, Spanish mortgage rates since March 2022 are cheaper than mortgages in other European countries, as of November 2024, they are cheaper by 0.36%. This is excellent news for real estate buyers in Spain.

   At the end of this article, we provide a precise comparison between mortgages issued in different European countries and Spain, have a look at where your home country is!

   Read more on the subject: What are the best Spanish mortgage rates?

4. Key factors behind the advantageous Spanish Mortgage rates

   Thanks to our detailed update, now you know that the Spanish mortgage market is experiencing a confluence of positive factors that set it apart from other European counterparts:

   • Spanish property values remain attractively priced when compared to other European real estate markets, presenting a compelling value proposition and a lower risk for lending banks, unlike the situation in 2008.
   • The Spanish economy exhibits resilience and robustness, outpacing the broader European economic performance, which instils confidence in both domestic and international investors.
   • The impact of energy price fluctuations has been mitigated effectively in Spain since the escalation of geopolitical tensions in Ukraine, contributing to a more stable cost of living and operating environment.
   • Spain’s inflation has consistently been lower than the European average, preserving purchasing power and contributing to the overall economic stability.
   • The Spanish real estate sector is characterised by its prudence and lack of speculative excess, evident in the modest percentage of transactions involving mortgages (66%) and the conservative loan-to-value ratio, which averages 60%. This reflects a healthy level of leverage and risk appetite in the market.
   • The strength of the general economy in Spain suggests that Spanish banks are in a sound financial position, enabling them to offer attractive financing options without resorting to aggressive lending practices. This economic stability is likely to support continued favourable mortgage rates.

   These elements collectively create a conducive environment for the advantageous spread in Spanish mortgage rates, underscoring the market’s resilience and appeal to a broad spectrum of investors. Additionally, the prudent regulatory framework and proactive fiscal policies may further bolster the market’s attractiveness, potentially leading to sustained growth and stability in the Spanish real estate sector.

    

   

   Why Spanish mortgage rates are less expensive than in other European countries?

5. What are the advantages of obtaining a Mortgage in Spain as a non-resident?

    

   Increase the return on your Spanish property investment

   The main advantage of buying a property in Spain is that current real estate levels are not crazy if you compare those to other European countries.
   Read more on the subject: What return will you make on your Spanish property?

   Even with current mortgage rates, getting a mortgage is easier than getting a loan for something else as a person as the bank has the property as collateral. So, while we always encourage our customers to manage risks and don’t overleverage, getting a mortgage before buying a property is in our mind a wise way to diversify your financial assets.
   Last but not least, depending on your home country, real estate assets could be less taxed than other financial assets.

   Diversify your investments

   By taking a mortgage, you can decrease your risks by keeping some funds for other investments.

   Potential tax benefits and how to maximise them

   Buying a property with a mortgage can provide significant tax benefits if you subsequently put the property on the rental market as a “buy-to-let” or investment property. Please consult our tax advisors for more information on that.

   Advantages of Spanish mortgage rates for UK residents

   In the mortgage landscape, UK banks are known to promote variable-rate mortgages, nudging customers towards options that fluctuate with the market, despite the inherent uncertainty in future repayments. Meanwhile, Spanish banks are more accommodating of fixed-rate mortgages, offering borrowers the chance to lock in a stable and predictable payment schedule throughout the loan term, contrasting with the UK’s bank-driven preference for variable rates.

   Spanish mortgage rates for US residents

   In the US mortgage market, fixed-rate mortgages are predominant, offering long-term stability with terms commonly set at 30 years, allowing homeowners to lock in rates for the duration of their loan. This contrasts with the Spanish market, where, despite a growing preference for fixed-rate options, mortgages typically have shorter terms and the market historically leaned more towards variable rates, influenced by the Euribor. Additionally, the US market is characterised by its diversity in loan products and a more developed secondary market for mortgages, which enhances liquidity and flexibility in terms and conditions. In contrast, Spain’s market is more traditional and less varied in its offerings.

   

   Benefits for a non-resident of financing his property in Spain with a mortgage.

6. How to get the best mortgage rate as a non-resident in Spain?

    

   Have the best customer profile for the Spanish bank

   Here are some insights into what constitutes an attractive customer profile for securing a mortgage:

   • Employment and stability: Ideal candidates are employed with a stable and substantial income.
   • Creditworthiness: A favourable credit history with minimal debts relative to income is crucial.
   • Debt management: A healthy debt-to-income ratio below 35. This means that monthly net income would be at least three times greater than debt repayments.
   • Property value: 1/ The chosen property should hold strong resale potential. 2/It should be priced appropriately within the current market. 3/It should be in a location with consistent demand.
   • Geographic consideration: Applicants from OECD countries are often preferred due to stringent anti-money laundering regulations across Europe. Being an EU resident further simplifies the process.
   • Maximum loan amounts for non-residents: Spanish banks would like to keep that under control

    

   Avoid taking a mortgage that is too large compared to the property’s value.

   As a non-resident, you’re eligible to secure a mortgage for your second home or investment property. Since your assets are not located in Spain, banks will typically require guarantees and generally cap the loan-to-value (LTV) ratio at 70%. The LTV ratio represents the portion of the property’s pre-tax value that can be financed through a mortgage. This percentage serves as a general guideline. Feel free to request a complimentary consultation from our mortgage broker, who is well-versed in the process and familiar with Spanish banks that are favourable towards foreign clients. The lower this ratio is, the lower the risk for the bank and the better rate for your mortgage.

   

   How to get the best rates as a non-resident.

7. Practical considerations for your Spanish mortgage as a non-resident

    

   Processing time for Mortgage applications

   On average, mortgages are processed quickly, but keep in mind that you need to prepare a full file so the bank can establish your credit profile. Our partner will work with you on that. Don’t worry.

   Higher interest rates and reduced loan amounts for non-residents

   Generally, foreigners will receive slightly less favourable conditions for their mortgages than Spaniards. This is normal as foreigners don’t have all their financial assets and incomes based in Spain. With a good credit profile and a reasonable loan-to-value ratio, our customers receive competitive quotes.

   NIE number for non-residents

   Obtaining an NIE number is a crucial step for non-residents seeking to navigate the property and mortgage landscape in Spain. This identifier serves as your tax identification number. It is essential for various legal and financial transactions, including the purchase of property and the application for a mortgage. Fortunately, obtaining an NIE is a straightforward process. Your legal representative can handle it on your behalf if time constraints are an issue. For a detailed guide on acquiring your NIE and its importance, we invite you to explore our comprehensive article: Your Spanish NIE number and how to obtain it.

   

   Useful considerations for a non-resident to get a Spanish mortgage

8. Comparing Mortgage rates in Spain vs. selected European countries

   Before examining the evolution of mortgage conditions between Spain and a few countries, let’s take a look at the current situation as of November 2024. Here is the evolution of the different European markets, sorted alphabetically. As a reminder, Spanish mortgage rates and European mortgage rates were at 3.04% and 3.44%, respectively, as of the end of November 2024.

   European mortgage rates November 2024 leaderboard

    

   • Belgian mortgage rates are issued with a 3.19% rate on average in November 2024
   • Dutch mortgage rates are issued with a 3.71% rate on average in November 2024
   • Finnish mortgage rates are issued with a 3.31% rate on average in November 2024
   • French mortgage rates are issued with a 3.17% rate on average in November 2024
   • German mortgage rates are issued with a 3.59% rate on average in November 2024
   • Irish mortgage rates are issued with a 3.94% rate on average in November 2024
   • Italian mortgage rates are issued with a 3.69% rate on average in November 2024
   • Luxembourg’s mortgage rates are issued with a 3.29% rate on average in November 2024
   • Portuguese mortgage rates are issued with a 3.04% rate on average in November 2024

   Here is the same information presented in a column chart:

    

   Belgian mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates and Belgian mortgage rates are close to each other in November 2024. As of November 2024, Belgian mortgage rates were issued at 3.19%, 0.15% higher than Spanish mortgages.

    

   Dutch mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates are more expensive than Dutch mortgages by 0.67%. In November 2024, Dutch mortgage rates were sold at 3.71%.

    

   Finnish mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates since March 2022 have been cheaper than those in Finland, and as of November 2024, they are 0.27% more affordable. This is excellent news for real estate buyers in Spain. In November 2024, the Finnish mortgage rate was set at 3.31%.

    

   French mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, French mortgages are little bit more expensive than Spanish mortgage rates in November 2024. They trade at 3.17%

    

   German mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As shown on the chart, as of November 2024, Spanish mortgage rates are 0.55% lower than German mortgage rates. This is excellent news for real estate buyers in Spain. In November 2024, German mortgage rates were sold at 3.59%.

    

   Irish mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Irish mortgages are much more expensive than Spanish mortgages. As you will surely know, the Irish real estate market rebounded strongly and is one of the hottest markets in Europe, even with those higher rates. In November 2024, Irish mortgage rates were trading at 3.94%, 0.9% higher than Spanish mortgage rates.

    

   Italian mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Italian mortgages are much more expensive than Spanish mortgages. In November 2024, Italian mortgage rates were trading at 3.23%, 0.19% higher than Spanish mortgage rates.

    

   Luxembourg mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Luxembourg mortgages are much more expensive than Spanish mortgages. In November 2024, Italian mortgage rates were trading at 3.69%, 0.65% higher than Spanish mortgage rates. As you probably know, the Luxembourg real estate market has a very high valuation, and we could see this as banks being prudent or instructed by the European Central Bank to be cautious.

    

   Portuguese mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Portuguese mortgages are much more expensive than Spanish mortgages. In November 2024, Portuguese mortgage rates were trading at 3.29%, 0.25% higher than Spanish mortgage rates. The Portuguese real estate market had a nice run, too, and we could see some caution from Portuguese banks.

    

9. Further readings

    

   • Read more on current financing conditions in Spain with our detailed article: What are the best Spanish mortgage rates?
   • Hesitating between fixed or variable rates on your mortgage (in Spain or elsewhere) have a look at our detailed insights: How do I choose between fixed and variable rates for a mortgage?
   • Last but not least don’t miss our detailed ultimate guide to your Spanish mortgage
   • If you need a mortgage pricer for your Spanish mortgage, check our article for more.

    

Looking for a mortgage or a local expert in Alicante, Malaga, Valencia, Madrid, Barcelona,…? Ask us directly!

Spanish Mortgage Rates for Non-Residents FAQ

Downloadable Charts

The post Mortgage rates in Spain for non residents: April 2025 update appeared first on How to buy in Spain.

Congratulations, you found your Spanish dream property!

What is the cost of buying a property in Spain?

Article Overview: Get the essential information in 30 seconds, then dive deeper into any section that interests you.

First question is:

• Is it a new-build property?
• Is it a resale?

Depending on your answer, the cost will be slightly different, but a good rule of thumb is 14%.

1. The cost of buying a New-build property in Spain: +/- 14%

• VAT =10%
• Property registration fees = 1.5%
• Lawyer between 1 and 2%:
• Other costs: Notary, stamps,…

 

The cost of buying a new build property in Spain

2. The cost of buying a Resale property in Spain will be between 10 and 14%

• Transfer Tax = 6 to 10% at the general tax rate (but you have reduced rates in some instances). This amount depends on which Spanish region this property is located.
• Property registration fees = 1.5%
• Lawyer between 1 and 2%
• Other costs: Notary, stamps,…

 

The cost of buying a resale property in Spain

Don’t miss What is the legal due diligence for your Spanish property?Do you need a property lawyer or a tax advisor to assist you in Spain? Find a Spanish property lawyer in our network.

3. Other costs to take into account

Is the cost of living in Spain higher than in your home country?

Please review our comprehensive article and study on the subject.

If you are living in the UK, here is our dedicated article: Cost of living in Spain vs UK.

Please have a look at our detailed property buyers guides, custom-made for any nationality.

Here are our FREE pdf property buyers’ guides written for all the foreign nationalities looking to buy in Spain: Click on your country flag, you will find your pdf report at the end of each article. Get most of our tips there.

Do you want to start searching immediately?

Discover the best new build projects in Spain available right now

Don’t know where to buy? Start with our general article: Everything you ever wanted to know about the top 20 Spanish real estate markets

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Get your insights right to your mailbox? Register for our newsletter!

Finally, if you want more, check our handy infographic: The 9 legal steps to your Spanish property

Looking for a property lawyer in Spain? Follow the link and get one of our local lawyer.

Looking for another real estate expert in Spain: Mortgage, Insurance, Survey of property, Property hunting, …? Ask us directly one of our 100+ local partner!

 

Stéphane
Senior analyst and strategist at HTBIS
Stéphane, with over 20 years of experience in real estate, finance and entrepreneurship, is the co-founder of www.howtobuyinspain.com. With an extensive network of local partners in Spain, his deep commitment to the real estate sector, combined with strong analytical skills and a problem-solving mentality, has fueled his success. Constantly eager to learn and passionate about teaching, Stéphane believes in the power of knowledge sharing to master any subject.
Check the whole HTBIS team here.

Spanish Property Costs FAQ

The post What is the real cost of buying a Property in Spain in 2025? appeared first on How to buy in Spain.

Click on any flag to get an automatic translation from Google Translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

European Mortgage Comparison Guide: Complete Analysis of Rates

This mortgage comparison guide incorporates insights from our two latest video analyses: “European Mortgage Rates at Lowest Levels in January 2025” and “Spanish Mortgage Rates for Non-Residents.” For detailed video explanations, we recommend watching both comprehensive analyses.

Data Source: All mortgage rates and financial data in this mortgage comparison are sourced from the European Central Bank’s official statistics. The figures presented are the latest available data as of January 2025, representing measurements taken in November 2024.

1. European Mortgage Rate comparison

    

   Comparing Mortgage Rates across Europe

   Our mortgage comparison reveals significant variations across European markets in 2025. Current data shows a remarkable spread in rates, from lows of 3.04% in Spain to highs of 3.94% in Ireland. This mortgage rate comparison helps investors identify the most advantageous markets for property investment.

   Quick Mortgage Rate comparison

   Country	Current Rate	Compared to EU Average (3.44%)
   Spain	3.04%	-0.40%
   France	3.17%	-0.27%
   Belgium	3.19%	-0.25%
   Italy	3.23%	-0.21%
   Portugal	3.29%	-0.15%
   Finland	3.31%	-0.13%
   Luxembourg	3.69%	+0.25%
   Netherlands	3.71%	+0.27%
   Ireland	3.94%	+0.50%

   Key factors in Mortgage comparison

   When comparing mortgages across European markets, consider these essential elements:

   • Interest Rate Types and Spreads
   • Down Payment Requirements
   • Lending Criteria for Non-Residents
   • Insurance Requirements
   • Tax Implications

   Key European Property Investment markets

   The mortgage markets across European countries show significant variations in rates and lending practices. The EU average currently stands at 3.44%, but individual countries demonstrate notable differences that reflect their local economic conditions, regulatory frameworks, and cultural approaches to property ownership.

   Mortgage Rates in Germany: Market analysis and trends

   Its stability and conservative lending practices characterise the German mortgage market. With current rates at 3.59%, German lenders emphasize long-term security and robust risk assessment. The market is highly regulated, with a strong preference for fixed-rate mortgages that typically require down payments of 20-30%. A unique feature of the German market is the “Forward Darlehen” system, which allows borrowers to lock in rates up to five years in advance of their mortgage start date.

    

   German mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As shown on the chart, as of November 2024, Spanish mortgage rates are 0.55% lower than German mortgage rates. This is excellent news for real estate buyers in Spain. In November 2024, German mortgage rates were sold at 3.59%.

    

   Mortgage Rates in France: current conditions and requirements

   French mortgage lending, offering competitive rates at 3.17%, combines strong borrower protections with structured application processes. This rate, notably below the European average, makes French mortgages particularly attractive to international investors. The French system is notable for its mandatory life insurance requirements and a maximum debt-to-income ratio restriction of 35%. First-time buyers can benefit from the “Prêt à taux zéro” program, which provides zero-interest loans under specific conditions.

    

   French mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, French mortgage rates are slightly higher than Spanish mortgage rates in November 2024. They trade at 3.17%

    

   Mortgage Rates in the Netherlands: system overview and benefits

   The Dutch mortgage market, currently with rates at 3.71%, stands out for its innovative approach to lending and a strong focus on sustainability. Despite rates being slightly above the European average, the system offers a variety of mortgage types and relatively high mortgage-to-income ratios. A distinctive feature is the National Mortgage Guarantee scheme, which provides additional security for both lenders and borrowers.

    

   Dutch mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates are more expensive than Dutch mortgages by 0.67%. In November 2024, Dutch mortgage rates were sold at 3.71%.

    

   Mortgage Rates in Belgium: market features and opportunities

   Belgium’s mortgage market, with current rates at 3.19%, positions itself competitively within the European market. This rate, significantly below the EU average, is complemented by strong consumer protections and stable lending practices. The Belgian approach emphasizes income stability and typically requires a 20% down payment while offering various tax advantages for property owners.

    

   Belgian mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates and Belgian mortgage rates are close to each other in November 2024. As of November 2024, Belgian mortgage rates were issued at 3.19%, 0.15% higher than Spanish mortgages.

    

   Mortgage Rates in Ireland: market conditions and lending practices

   The Irish mortgage market currently shows rates of 3.94%, positioning it above the European average. Despite higher rates, Ireland offers robust first-time buyer programs and clear regulatory frameworks. Key features include strict Central Bank lending rules, comprehensive buyer protection measures, and increasing availability of long-term fixed rates.

    

   Irish mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Irish mortgages are much more expensive than Spanish mortgages. As you will surely know, the Irish real estate market rebounded strongly and is one of the hottest markets in Europe, even with those higher rates. In November 2024, Irish mortgage rates were trading at 3.94%, 0.9% higher than Spanish mortgage rates.

    

   Mortgage Rates in Italy: southern European perspective

   Italy’s mortgage market presents competitive rates at 3.23%, making it an attractive option for property investors. The Italian system combines traditional lending practices with modern financial products, offering both fixed-rate and variable-rate options. The market is particularly appealing to vacation home buyers and those interested in renovating historical properties.

    

   Italian mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Italian mortgages are much more expensive than Spanish mortgages. In November 2024, Italian mortgage rates were trading at 3.23%, 0.19 percentage points higher than Spanish mortgage rates.

    

   Mortgage Rates in Luxembourg: Financial Centre Insights

   Luxembourg’s mortgage market, with rates at 3.69%, reflects its position as a significant financial centre. Despite rates above the EU average, the market benefits from a strong international banking presence and a range of sophisticated financial products. Competitive lending terms and strong legal protections for buyers offset the country’s high property values.

    

   Luxembourg mortgage rates vs Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Luxembourg mortgages are much more expensive than Spanish mortgages. In November 2024, Italian mortgage rates were trading at 3.69%, 0.65 percentage points higher than Spanish mortgage rates. As you probably know, the Luxembourg real estate market has a very high valuation, which could be attributed to banks being prudent or instructed by the European Central Bank to be cautious.

    

   Mortgage Rates in Portugal: Mediterranean market analysis

   Portugal offers attractive mortgage rates at 3.29%, positioning itself competitively within the southern European market. The Portuguese system provides particular advantages for non-resident buyers, with specific programs designed to attract international investment. The market combines affordable property prices with accessible financing options.

    

   Portuguese mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Portuguese mortgages are much more expensive than Spanish mortgages. In November 2024, Portuguese mortgage rates were trading at 3.29%, 0.25% higher than Spanish mortgage rates. The Portuguese real estate market had a nice run, too, and we could see some caution from Portuguese banks.

    

   Mortgage Rates in Finland: Nordic market perspective

   Finland’s mortgage market, with rates at 3.31%, demonstrates the stability characteristic of Nordic financial systems. The Finnish approach emphasizes transparency and efficiency in lending processes, with strong digital integration and streamlined application procedures. The market offers distinct advantages for energy-efficient properties and new construction projects.

    

   Finnish mortgage rates vs. Spanish mortgage rates evolution over the last 20 years

   As you can see on the chart, Spanish mortgage rates since March 2022 have been cheaper than those in Finland. As of November 2024, they are 0.27% more affordable. This is excellent news for real estate buyers in Spain. In November 2024, Finnish mortgage rates were sold at 3.31%.

    

   Want to learn more about European Mortgage Rates?

   Watch our comprehensive video analysis, “European Mortgage Rates at Lowest Levels in January 2025” to discover:

   • • Detailed monthly changes in rates across all European countries

   

   • • Five-year historical trends and patterns
     • Impact of inflation on current rates

   

   • • Financing conditions across different regions

   

   • Expert predictions for the coming months

   Would you like to watch this video in your language? Click at the bottom right of the video on “cc” to get subtitles in your language.

 

#SpanishMortgage #PropertyInSpain #NonResidentMortgage #SpanishProperty #InvestInSpain #SpanishRealEstate #MortgageAdvice #ForeignBuyer

 

2. Professional support framework

    

   Success in the Spanish mortgage market often depends on accessing professional support services. This includes legal assistance during the property purchase process, financial advisors for mortgage comparison and tax planning, and property services professionals for market analysis and valuation expertise.

    

3.  

   Conclusion

    

The European mortgage market offers diverse opportunities for property investors, with Spain emerging as a desirable option in 2025. Our video analyses demonstrate that while each country presents unique characteristics and requirements, Spain’s combination of competitive rates, stable banking sector, and strong property market fundamentals makes it especially appealing to foreign buyers.

For more detailed information and regular updates on European mortgage rates and Spanish property investment opportunities, we recommend subscribing to our video channel. Our comprehensive analyses are updated monthly with the latest market data and expert insights.

Mortgage comparison in Europe FAQ

Easy downloadables charts on mortgage rates evolution in Europe

Bar chart comparing data for various mortgage rates across different European countries, with Ireland having the highest rate at 3.94%. Includes Belgium, Netherlands, Finland, Germany, Italy, Portugal, and Luxembourg, and notably showcases Spanish mortgage rates alongside Spain’s performance.

The post European Mortgage Comparison Guide 2025: Complete Analysis of Rates appeared first on How to buy in Spain.

Click on any flag to get an automatic translation from Google Translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

What are the best Spanish mortgage rates?

Spanish Mortgage Rates 2025: Your complete Guide to Financing Your Spanish Property

Here is our July 2025 update with the latest data available

Leveraging our expansive network of local partners, we secure Spain’s most favourable mortgage rates for those looking to finance their homes. Throughout much of 2022, we observed significant discounts on mortgage rates as inflation surged while long-term rates remained subdued, thanks to the European Central Bank’s (ECB) efforts. In early 2025, inflation is more controlled, at 1.9% as of May 2025, returning to the low end of the range over the past three years. It appears that economies are suffering from the ECB’s restrictive monetary policy. In this context, some market experts anticipate that the central bank will lower rates. We can already see this impacting mortgage conditions and long-term rates.

To stay informed about the latest Spanish mortgage rate trends, it’s crucial to consult real-time data from the most recent mortgages issued in Spain. This insight allows you to understand the most competitive rates currently available. Foreigners should note that rates may vary as their assets are primarily located overseas.

We’ve built the most extensive database to monitor fluctuations in this sector, allowing us to generate dynamic and engaging charts. The “Instituto Nacional de Estadísticas” (INE) has recently published mortgage statistics for Spain as of April 2025, providing a clear view of current market rates.

Thanks to our network of local partners, we offer the best mortgage rates in Spain for those looking to finance a home in Spain. Take 30 seconds to complete this quick form to get the best Spanish mortgage rates.

1. Spanish mortgage rates: our 2-minute video

   Would you like to watch this video in your language? Click on the bottom right of the video on “cc” to get subtitles in your language.
   

    

2. What are the current mortgage rates in Spain?

    

   Current market conditions

   • The average mortgage has an interest rate of 2.98% (vs 3.25% at the end of December 2024)
   • The lowest rate ever was 2.44%, reached in September 2020.
   • The average rate for variable-rate mortgages is 2.87% (vs 3.16% end of December 2024)
   • The average rate for fixed-rate mortgages is 3.04% (vs 3.30% end of December 2024)

    

   Check the evolution of the mortgage rates (average, fixed, and variable ) over the last years on our interactive chart (browse with the mouse to check data)

    

   What are the best mortgage rates for our customers?

   As of September 2024, our partner can get perfect conditions for mortgages for our non-resident buyers:

   • Fixed rates: from 2.85%
   • Mixed solution: from 2.50% fixed for 5 years, after Euribor + 0.75%
   • Variable rates: from 2.50% fixed for 1 year, after Euribor + 0.75%

   And, of course, they don’t stop with foreigners; our partner gets very competitive mortgage rates for Spaniards:

   • Fixed rates: from 2.52% (if taking other products like insurance from the bank, for instance,…)
   • Mixed solution: from 1.50% fixed for 5 years, after Euribor + 0.60%
   • Variable rates: from 1.35% fixed for 1 year, after Euribor + 0.25%

   So, don’t hesitate to fill out this quick form if you want a free quote from our partner. They specialise in assisting foreigners seeking a mortgage in Spain. Please note that to obtain the best rates, banks often add certain conditions, as in your home country.

   Essential information on Spanish Mortgages for non-residents

   As a non-resident, you can take a mortgage to finance your second home or your investment. Of course, since your assets won’t be based in Spain, the bank will require warranties and typically won’t allow a loan-to-value ratio exceeding 70%. The loan-to-value is the amount of mortgage you can get divided by the value of your property before tax, but this percentage is only for reasonable inquiry. Don’t hesitate to ask for a free quote from our mortgage broker; he knows exactly how it works and which Spanish banks are friendly to foreigners.

   Don’t miss our new detailed article on that subject: Mortgage rates in Spain for non-residents: our detailed guide.

   

   Get the best mortgage rate in Spain

    

3. Calculate the cost of your Spanish mortgage.

   Check our ultimate Spanish mortgage calculator.

   To help you out, we’ve created an easy-to-use table showing the monthly repayments for various mortgage amounts. If you want to delve deeper into the details, use our calculator to fine-tune your mortgage to your specific situation, and you will find out what your monthly payments, mortgage schedule, and other information would be.

    

   

   We developed a detailed mortgage calculator, including payment schedules and monthly payments.

   What is the cost of a €100,000 mortgage over 10 years?

   If you want to go into the details, here is a calculation example we did:

   As you will see, if you take out a €100,000 mortgage for 10 years at a rate of 3.5%, your monthly payment to repay the mortgage will be €989.

   Thanks to our Spanish mortgage rate calculator, you can change any number and calculate what your situation would be.

    

   Summary table of your monthly reimbursements for a €100.000 Mortgage

   €100,000	10 Year	12 Year	14 Year	16 Year	18 Year	20 Year
   Rates	120 months	144 months	168 months	192 months	216 months	240 months
   1.50%	-€898	-€759	-€660	-€586	-€529	-€483
   2.00%	-€920	-€782	-€683	-€609	-€552	-€506
   2.50%	-€943	-€805	-€706	-€632	-€575	-€530
   3.00%	-€966	-€828	-€730	-€656	-€600	-€555
   3.50%	-€989	-€851	-€754	-€681	-€625	-€580
   4.00%	-€1,012	-€876	-€778	-€706	-€650	-€606

    

4. Buy to let in Spain?

   If you are about to invest in Spain, it is always interesting to compare the financing conditions with your return prospects. Check our last article on that subject:

   What return will you make on your Spanish Property investment? If you view your property investment in Spain as a financial investment, adding some financing (without being excessive) will increase your return and decrease your costs.

    

5. Should I take a mortgage with fixed or variable rates?

   Fixed-rate and variable-rate mortgages are the two main categories of mortgages you can choose from. Of course, there are many other possibilities between the two.

   Examine the evolution of the percentage of mortgages with fixed and variable rates in relation to the inflation rate.

    

   The Spanish mortgage market has undergone a dramatic transformation since 2021. Our latest data show that 67% of property investors now choose fixed-rate mortgages at 3.04%, while just 33% opt for variable rates—a complete reversal from the pre-2021 landscape when variable rates dominated at 60-65%.

   This shift tells a compelling story: When inflation exploded from near-zero to 11% in 2022, investors rushed to lock in fixed rates, pushing fixed-rate adoption to 75% at its peak. Now, even as inflation has cooled to 2.20%, the majority remains cautious, maintaining their preference for fixed-rate protection.

   The key takeaway: Spanish property investors have learned from the recent inflation shock. Despite rates declining from their peaks, 67% still choose the certainty of fixed rates over potential savings from variable options. This persistent preference for stability suggests that the market anticipates future inflation risks—a view we share, as we believe current inflation levels represent the lower end of the range.

    

   Why would you take a fixed-rate mortgage?

   A fixed-rate mortgage has the advantage that, regardless of future market conditions, the interest rate will remain the same. To get that advantage, you will, on average, pay a higher rate than with a variable-rate mortgage. For instance, as of September 2024, mortgages with variable rates were issued at an average rate of 2.92%, while those with fixed rates were issued at 3.30% for an average term of 24 years.

   Why would you take a mortgage with a variable rate?

   It could be because it is less expensive than a mortgage with fixed rates (monthly instalments), as you don’t have to worry about inflation or rates increasing, or because you are financially comfortable and can handle higher rates in the future. Another reason variable rates cost less than fixed rates is that for the banks issuing them, it matches their sources of funds, such as savings accounts, and they take less risk by issuing them rather than fixed-rate mortgages.
   To sum up, if you want safety, take a fixed-rate mortgage. If you see inflation spiking or interest rates rising (in general due to a strong economy), you could consider a fixed-rate mortgage. Of course, the longer your mortgage is, the higher your risk will be.
   Don’t hesitate to ask your Spanish mortgage broker for pricing with both and compare both offers.

    

   Inflation update since the start of 2023

   Following the significant global inflation spike in 2022, inflation in Spain has finally moderated to 2.2% as of August 2024. We note that since 2022, the trend has shifted significantly, with the majority of mortgages now issued at fixed rates. We kept telling you in 2022 to lock in those crazy long-term rate levels… remember our chart:

   

   As we enter 2025, with inflation now at what we view as the lower end of its range, we see a higher risk of inflation rising from here. Some people see a real risk of inflation staying high, which in turn should lead to higher variable rates. Since June 2023, we have continued to see fixed-rate mortgage initiations dominate, and we believe this trend will likely persist. While rates have declined through late 2024 and early 2025, we strongly recommend locking in fixed rates now while they remain historically attractive. As of early 2025, with both short-term and long-term rates converging around 2.3-2.4%, this presents an excellent opportunity to secure predictable financing costs before potential inflation pressures push rates higher again. Check our interactive chart on that.

   We wrote an article on that subject: “Fixed or Variable Mortgage for My Spanish Home?“

 

6. How do you secure the best mortgage rates in Spain?

   You are about to buy a lovely second home in Spain. Do you want to know how to get the best mortgage rates on your Spanish property? Even as a foreigner?
   Check our detailed paper on this subject and follow the link or listen to our 2-minute video on how to apply for your mortgage up to the end and get all our tips to get the best rates:
   

   You have to ask yourself: What is the ideal mortgage customer for a bank? The bank will take a risk, the risk of not being repaid. In this case, the bank will need to take legal action to control your property and sell it on the market afterwards. We saw what happened after the 2008 financial crisis: thousands of properties were handed over to banks as owners couldn’t pay their mortgages.

   The ideal mortgage customer for a Spanish bank

   • has a good professional profile: he is employed and has a stable, nice income stream,
   • has a good credit report, he does not have too much debt vs. his income,
   • can afford to have debts: his debt-to-income ratio is under 35%, which means that his monthly net income is three times bigger than his monthly debt repayments.
   • The property has a good resale value:
     1. The property price is correct vs. the market
     2. There is demand in the market for such a property
   • is coming from OECD countries. As you are aware, the implementation of anti-money laundering laws across Europe has made it challenging for banks to lend to residents of certain countries. Of course, if you are a resident of the European Union, it will be the easiest.

    

   

   How to get the best rates as a non-resident?

    

   Get a free mortgage quote.

   At howtobuyinSpain.com, you’re in good hands. We work with a mortgage broker who gets the best mortgage prices from all Spanish banks. Depending on your profile, some banks will be more aggressive, while others won’t. Our mortgage partner knows that, and they will go to the best bank or ask for quotes from many Spanish banks to get you the best quote. They work with all the biggest Spanish banks, including BBVA, Bankia, and Santander. Get a free mortgage quote from our partner.

 

7. Spanish Mortgage Rates: Market Insights and Trends

    

   423,761 mortgages issued in Spain in 2024

   2022 was a record year for mortgage rates in Spain, with 464,000 credits issued. Even stronger than 2021, which was already a strong year. So, in 2024, with the rise of interest rates, the number of mortgages is back to a strong level and growing 11% vs the previous year (which was itself a weak year with a decrease of 18%), while at the same time, the number of transactions increased by 7% to 636,909.

   A healthy market: Only 67% of properties are bought with a mortgage (vs 64% in 2023). In our opinion, the market is not over-leveraged. Have a quick look at the table for statistics since 2015. Yes, we are far from the high-leverage situation we had in 2007.

    

   Last but not least, it is always interesting to know the long-term rates and the Euribor, as those are the rates at which Spanish banks get financed.

   Spanish Bank Financing Costs: 10-Year Bond Yields vs. Euribor Rates (2020-2025)

    

    

   The chart reveals a fascinating story of European monetary policy and interest rate evolution:

   The Ultra-Low Rate Era (2020-2022)

   From 2020 through early 2022, all rates remained historically low. The 10-year Spanish bond yield hovered between 0% and 0.5%, while both 1-month and 12-month Euribor rates were actually negative – a remarkable period where banks essentially paid to borrow money.

   The Great Rate Surge (2022-2024)

   Starting in early 2022, we witnessed a dramatic shift. All three rates exploded upward in response to the ECB’s aggressive monetary tightening to combat inflation:

   • 10-year bonds peaked around 3.7% in late 2023
   • 12-month Euribor reached above 4%
   • 1-month Euribor climbed to nearly 4%

   The Turning Point (Late 2024-2025)

   The most encouraging development for investors is the clear reversal beginning in late 2024. As of early 2025, all rates have begun declining:

   • 1-month Euribor: 1.9% (down from ~4%)
   • 12-month Euribor: 2.1% (down from >4%)
   • 10-year bond: 3.2% (down from ~3.7%)

   Implications for Property Investors – Our View

   While the current rate decline is encouraging, we believe investors are seeing a critical inflection point. With inflation now at what we view as the lower end of its range, we see asymmetric risks tilted toward higher inflation from here. In this environment, we strongly recommend property investors lock in long-term fixed rates now. The convergence of short and long-term rates around 2.3-2.4% presents an excellent opportunity to secure predictable financing costs before potential inflation pressures push rates higher again.

   The strong 11% year-over-year growth in Spanish mortgage issuance suggests the market agrees – now is the time to act on financing while rates remain historically attractive.

    

   Historical evolution of Spanish mortgage rates and other & useful information

   • The average mortgage duration is 25 years
   • Only 9% of issued mortgages in Spain are more significant than 80% of the property value.
   • 33% have variable interest rates (vs 37% in December 2024)
   • 67% have fixed interest rates (vs 63% in December 2024)
   • The average amount issued per mortgage is €155,900.

    

   Check the evolution of the average amount issued per mortgage over the last year in Spain in our interactive chart

   • How much leverage is given by banks? What is the average Loan-to-Value in Spain? (If your property value is 100%, how big will your mortgage be?) The quick answer is 64%.
   • 39,176 mortgages were issued +14.4% vs last year.
   • € 6.1 billion of mortgages issued for housing in April 2025, +28.5% compared to 2024.

    

8. Resources on Spanish mortgage rates

    

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   Check out our latest articles on Spanish mortgage rates

   • Spanish Mortgages for Non-Residents: Our Detailed Guide.
   • Mortgage rates comparison between all European countries, and why Spain as advantages…
   • Your definitive guide to your Spanish mortgage
   • Our ultimate mortgage calculator
   • Is it easy to get a Spanish mortgage as a foreigner in a post-COVID-19 world?
   • How do I choose between fixed and variable rates for a mortgage?

   All our interactive charts in this article are available in a downloadable format

    

    

   

   The average Spanish mortgage loan-to-value ratio is 64% in 2025, recovering from recent dips but still below 2019 peaks. Data shows banks’ willingness to finance property purchases has stabilised after pandemic-era fluctuations.

   

   Spanish banks show remarkable lending restraint in 2025, with just 8.6% of mortgages financing above 80% of property value, down sharply from 15% in 2020. This conservative approach protects the banking sector and homebuyers from overleveraging in Spain’s robust but carefully regulated property market.

   

   Spanish Bank Financing Costs_ 10-Year Bond Yields vs. Euribor Rates (2020-2025)

   

   Line graph showing the average size of a mortgage in Spain from 01/2019 to 05/2023, peaking sharply in early 2020 and ending at €152,000—an essential trend for those tracking Spanish mortgage rates for non-residents.

   

   Spanish mortgage activity showed robust 11% growth in 2024, with 423,741 new loans issued against 636,909 property sales. While still below the 2022 peak, the upward trend and 67% mortgage utilisation rate indicate renewed confidence in Spain’s real estate financing market following the 2023 contraction.

   

   Line graph compares percentages of fixed and variable rate mortgages in Spain, highlighting a shift toward fixed rates around 2022. Annotations indicate inflation, interest rates, and trends in Spanish mortgage rates in 2025.

   

   Spanish mortgage durations have steadily lengthened since 2020, reaching an average of 25 years in 2025. While shorter than the 30-year standard in some countries, this represents a gradual extension of loan terms in Spain’s property market, which may help buyers manage their monthly payments despite rising property values.

   

   This image shows a comprehensive chart of Spanish mortgage rate trends through July 2025. The main chart displays multiple colored lines tracking different mortgage rate types over approximately 6 years (from around 2019 to 2025): – **Blue line**: Average mortgage rates – **Red/orange line**: Variable mortgage rates – **Purple line**: Fixed mortgage rates – **Yellow/gold line**: Shows inflation rate (which appears more volatile, with a notable spike around 2022) **Current rates highlighted on the right side:** – Fixed rate: 3.04% – Average rate: 2.98% – Variable rate: 2.87% – Inflation rate: 2.20%

   FAQ Spanish mortgage rates

   What is the current mortgage rate in Spain?

   As of July 2025, Spanish mortgage rates average 2.98%. Fixed-rate mortgages are 3.04%, while variable rates are 2.87%. These are near historic lows, making Spain attractive for property investment.

   Are mortgage rates going down in Spain?

   Spanish mortgage rates have stabilized near historic lows after declining from 2023 peaks. Current rates around 2.98% are 0.5% below 2024 levels, with ECB policy supporting continued stability through 2025.

   Can you get a fixed-rate mortgage in Spain?

   Yes, 67% of Spanish mortgages are fixed-rate, averaging 3.04% for July 2025. Fixed rates offer payment certainty over 20-25 years and are popular with foreign buyers seeking stability.

   How much deposit do I need for a Spanish mortgage?

   Non-residents need a 30% minimum deposit as Spanish banks finance maximum 70% of property value. Residents may qualify for up to 80% financing, requiring just 20% deposit.

   Can foreigners get a mortgage in Spain?

   Yes, foreigners can get Spanish mortgages up to 70% of property value. Requirements include NIE number, proof of income, employment contract, and bank statements from your home country.

   What documents do I need for a Spanish mortgage?

   Essential documents include passport, NIE number, last 3 payslips, employment contract, bank statements, proof of assets/debts, and property purchase contract. Processing typically takes 4-6 weeks.

   Which is better: fixed or variable mortgage in Spain?

   Fixed-rate mortgages (3.04%) offer stability and are 0.17% higher than variable rates (2.87%). Most foreign buyers choose fixed rates for predictable payments despite slightly higher cost.

   How long does a Spanish mortgage application take?

   Spanish mortgage approval takes 4-8 weeks from application. Pre-approval can be obtained in 1-2 weeks. Having NIE number and documents ready speeds the process significantly.

   What are Spanish mortgage costs and fees?

   Total mortgage costs include arrangement fees (0.5-1%), valuation (€300-600), notary fees (€600-1,200), and registration costs (0.1-0.3% of property value). Budget 2-3% of property value for total costs.

   Can I get a Spanish mortgage for investment property?

   Yes, non-residents can get mortgages for Spanish investment properties with 30% deposit. Rental income can support applications, with banks typically requiring 70% loan-to-value maximum.

   Are Spanish mortgage rates competitive in Europe?

   Spanish mortgage rates at 2.98% average are competitive with Germany (3.1%) and France (3.2%). Combined with strong property markets in Madrid and Barcelona, Spain offers attractive financing.

   

   Here are the statistics for earlier years:

    

   1. 1. • • The Spanish mortgage rates situation for December 2021

             1. • Average mortgage has an interest rate of 2.53%
                • The lowest rate ever was 2.44% reached in Nov 2020!
                • The average mortgage duration is 24 years
                • 32% have variable interest rates
                • 68% have fixed interest rates
                • The average rate for variable rate mortgages is 2.08%,
                • The average rate for fixed-rate mortgages is 2.8%,
                • The average amount issued per mortgage is €145,500: an increase of 1.9% vs last year.
                • 32,905 mortgages were issued +23% vs last year.
                • 4,8 € Bn of mortgages issued for housing in December 2021, +32% vs last year.

              

             The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

             1. 1. • Aragon, +33% to 1.159 mortgages
                   • Extremadura, +29% to 683 mortgages

             The top region in terms of amounts of mortgages issued (Annual)

             1. • Balears, 211m€, +116%
                • La Rioja, 19m€, +77%
                • Aragon, 169m€, +70%

    

   The Spanish mortgage rates situation for October 2021

   1. 1. • • 1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.48%
                                     • The lowest rate ever was 2.44% reached in Nov 2020!
                                     • The average mortgage duration is 24 years
                                     • 33% have variable interest rates
                                     • 67% have fixed interest rates
                                     • The average rate for variable rate mortgages is 2.11%,
                                     • The average rate for fixed-rate mortgages is 2.7%,
                                     • The average amount issued per mortgage is €137,900: an increase of 1.9% vs last year.
                                     • 33,105 mortgages were issued +67% vs last year.
                                     • 4,6 € Bn of mortgages issued for housing in August 2021, +70% vs last year.

    

   The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

   1. 1. • • 1. 1. 1. 1. 1. 1. 1. 1. • Navarra, +77% to 510 mortgages
                                     • Murcia, +7% to 1,099 mortgages
                                     • Andalusia, +2% to 6,589 mortgages

   The top region in terms of amounts of mortgages issued (Annual)

   1. • • • • • • • • • • • • Madrid, 1.2bn€, +89%
                            • Andalusia, 793m€, +89%
                            • Catalonia, 863m€, +87%

        • The Spanish mortgage rates situation for February 2021

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.49%
                                  • The lowest rate ever was 2.44% reached in Nov 2020!
                                  • The average mortgage duration is 24 years
                                  • 47.3% have variable interest rates
                                  • 52.7% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.16%,
                                  • The average rate for fixed-rate mortgages is 2.88%,
                                  • The average amount issued per mortgage is €131,380: an decrease of 13.8% vs last year.
                                  • 31,647 mortgages were issued -23.1% vs last year.
                                  • 4,1 € Bn of mortgages issued for housing in February 2021, -29.9% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

          1. 1. 1. 1. 1. 1. 1. 1. • Murcia, +45% to 1007 mortgages
                                  • La Rioja, +40% to 215 mortgages
                                  • Valencian Community, +24% to 3600 mortgages

          The top region in terms of amounts of mortgages issued (Annual)

          1. 1. 1. 1. 1. 1. 1. 1. • Navarra, 54m€, +19%
                                  • La Rioja, 18m€, +16%
                                  • Gallicia, 116m€, +13%

        • The Spanish mortgage rates situation for January 2021

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.47%
                                  • The lowest rate ever was 2.44% reached in Nov 2020!
                                  • The average mortgage duration is 24 years
                                  • 48.8% have variable interest rates
                                  • 51.2% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.17%,
                                  • The average rate for fixed-rate mortgages is 2.81%,
                                  • The average amount issued per mortgage is €129,003: an increase of 13.5% vs last year.
                                  • 27,518 mortgages were issued -31.6% vs last year.
                                  • 3,5 € Bn of mortgages issued for housing in January 2021, -22.4% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

          1. 1. 1. 1. 1. 1. 1. 1. • Navarra, +63% to 458 mortgages
                                  • Balears, +27% to 643 mortgages
                                  • La Rioja, +24.4% to 153 mortgages

          The top region in terms of amounts of mortgages issued (Annual)

          1. 1. 1. 1. 1. 1. 1. 1. • Cantabria, 40m€, +0%
                                  • Catalonia, 758m€, -7%
                                  • Castilla y Leon, 126m€, -9%

        • The Spanish mortgage rates situation for December 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.53%
                                  • The lowest rate ever was 2.44% reached in Nov 2020!
                                  • The average mortgage duration is 24 years
                                  • 51.6% have variable interest rates
                                  • 48.4% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.20%,
                                  • The average rate for fixed-rate mortgages is 2.97%,
                                  • The average amount issued per mortgage is €135,658: an increase of 9.2% vs last year.
                                  • 26,128 mortgages were issued -14.8% vs last year.
                                  • 3,5 € Bn of mortgages issued for housing in December 2020, -7% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

          1. 1. 1. 1. 1. 1. 1. 1. • Cantabria, +9.3% to 354 mortgages
                                  • Extremadura, +4.8% to 551 mortgages
                                  • Aragon, +0.2% to 862 mortgages

          The top region in terms of amounts of mortgages issued (Annual)

          1. 1. 1. 1. 1. 1. 1. 1. • Aragon, 111m€, +62%
                                  • Castilla y Leon, 118m€, + 38%
                                  • Galicia, 123m€, +34%

        • The Spanish mortgage rates situation for November 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.45%
                                  • The lowest rate ever was 2.44% reached in Nov 2020!
                                  • The average mortgage duration is 24 years
                                  • 52.6% have variable interest rates
                                  • 47.4% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.05%,
                                  • The average rate for fixed-rate mortgages is 2.86%,
                                  • The average amount issued per mortgage is €136,676: an increase of 5.5% vs last year.
                                  • 28,756 mortgages were issued +2.4% vs last year.
                                  • 3,9 € Bn of mortgages issued for housing inNovember 2020, +3% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

          1. 1. 1. 1. 1. 1. 1. 1. • Pais Vasco, +19% to 1729 mortgages
                                  • Cantabria, +16% to 324 mortgages
                                  • Catalonia, +15% to 4711 mortgages

          The top region in terms of amounts of mortgages issued (Annual)

          1. 1. 1. 1. 1. 1. 1. 1. • Castilla – La Mancha, 115m€, +32%
                                  • Aragon, 97m€, +31%
                                  • Galicia, 104m€, +21%

        • The Spanish mortgage rates situation for October 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.47%
                                  • The lowest rate ever was 2.44% reached in Nov 2020!
                                  • The average mortgage duration is 25 years
                                  • 51.1% have variable interest rates
                                  • 48.9% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.19%,
                                  • The average rate for fixed-rate mortgages is 2.85%,
                                  • The average amount issued per mortgage is €134,900: an increase of 4.6% vs last year.
                                  • 28,248 mortgages were issued -5.9% vs last year.
                                  • 3,8 € Bn of mortgages issued for housing in October 2020, -1.6% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued (Monthly):

          1. 1. 1. 1. 1. 1. 1. 1. • Castilla y Leon, +28% to 1226 mortgages
                                  • La Rioja, +26% to 179 mortgages
                                  • Navarra, +21% to 332 mortgages

          The top region in terms of amounts of mortgages issued (Annual)

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, 40m€, +29%
                                  • Aragon, 93m€, +23%
                                  • Asturias, 46m€, +19%

        • The Spanish mortgage rates situation for September 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.44%
                                  • The lowest rate ever was 2.44% reached in Nov 2019!
                                  • The average mortgage duration is 24 years
                                  • 51.5% have variable interest rates
                                  • 48.5% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.12%,
                                  • The average rate for fixed-rate mortgages is 2.84%,
                                  • The average amount issued per mortgage is €135,035: a decrease of 1% vs last year.
                                  • 26,878 mortgages were issued 18.4% vs last year.
                                  • 3,6 € Bn of mortgages issued for housing in September 2020, +17.2% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued:

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid, +66% to 5,077 mortgages
                                  • Balearic Islands, +63% to 823 mortgages
                                  • Catalonia, +42.4% to 3,968 mortgages

          The top region in terms of amounts of mortgages issued

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, 51m€, +220%
                                  • La Rioja, 13m€, +106%
                                  • Cantabria, 39m€, +106%
                                  • Asturias, 55m€, +105%

        • The Spanish mortgage rates situation for August 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.49% (vs 2.54% last month)
                                  • The lowest rate ever was 2.47% reached in Nov 2019!
                                  • The average mortgage duration is 24 years
                                  • 50.6% have variable interest rates
                                  • 49.4% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.18%,
                                  • The average rate for fixed-rate mortgages is 2.87%,
                                  • The average amount issued per mortgage is €134,700: an increase of 4% vs last year.
                                  • 19,825 mortgages were issued -3% vs last year.
                                  • 3,7 € Bn of mortgages issued for housing in August 2020, +0.5% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued:

          1. 1. 1. 1. 1. 1. 1. 1. • Navarra, +32% to 286 mortgages
                                  • Castilla – La Mancha, +15% to 981 mortgages
                                  • Cantabria, +12% to 279 mortgages

          The top region in terms of amounts of mortgages issued

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, 15m€, +145%
                                  • Canarias, 126m€, +91%
                                  • Castilla – La Mancha, 94m€, +49%
                                  • Extremadura, 33m€, +34%

          1. The Spanish mortgage rates situation for July 2020

             1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.54% (vs 2.49% last month)
                                     • The lowest rate ever was 2.47% reached in Nov 2019!
                                     • The average mortgage duration is 23 years
                                     • 47.5% have variable interest rates
                                     • 52.5% have fixed interest rates
                                     • The average rate for variable rate mortgages is 2.27%,
                                     • The average rate for fixed-rate mortgages is 2.86%,
                                     • The average amount issued per mortgage is €132,346: an increase of 8.9% vs last year.
                                     • 26,014 mortgages were issued -23% vs last year.
                                     • 3,4 € Bn of mortgages issued for housing in July 2020, -16% vs last year.

              

             The top 3 regions with the biggest increases for the number of mortgages issued:

             1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +51% to 202 mortgages
                                     • Canarias, +45% to 1,221 mortgages
                                     • Valencian community, +31% to 3,341 mortgages

             The top region in terms of amounts of mortgages issued

             1. 1. 1. 1. 1. 1. 1. 1. • Basque Country, 282m€, +33%

          The Spanish mortgage rates situation for June 2020

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.5% (vs 2.49% last month)
                                  • The lowest rate ever was 2.47% reached in Nov 2019!
                                  • The average mortgage duration is 23 years
                                  • 54% have variable interest rates
                                  • 46% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.11%,
                                  • The average rate for fixed-rate mortgages is 2.96%,
                                  • The average amount issued per mortgage is €131,670: an increase of 7.5% vs last year.
                                  • 26,748 mortgages were issued -13% vs last year.
                                  • 3,5 € Bn of mortgages issued for housing in June 2020, -6% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Basque Country, +129% to 2,811 mortgages
                                  • Extremadura, +79% to 562 mortgages
                                  • Murcia, +59% to 798 mortgages

           

          The top regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Basque Country, 366m€, +95%
                                  • Extremadura, 45m€, +85%
                                  • Murcia, 68m€, +57%

           

          The Spanish mortgage rates situation in May 2020

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.49% (vs 2.48% last month)
                                  • The lowest rate ever was 2.47% reached in Nov 2019!
                                  • The average mortgage duration is 23 years
                                  • 50.5% have variable interest rates
                                  • 49.5% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.11%,
                                  • The average rate for fixed-rate mortgages is 3%,
                                  • The average amount issued per mortgage is €127,145: an increase of 3.2% vs last year.
                                  • 25,538 mortgages were issued -27% vs last year.
                                  • 3.2 € Bn of mortgages issued for housing in May 2020, -29% vs last year.

           

          The top regions with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Andalusia, +6.8% to 5,580 mortgages
                                  • Basque Country, +6.5% to 1,221 mortgages
                                  • Galicia, +6.4% to 820 mortgages

           

          The top region in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Murcia, 56.8 M€, +22%

           

          The Spanish mortgage rates situation in April 2020

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.48% (vs 2.56% last month)
                                  • The lowest rate ever was 2.47% reached in Nov 2019!
                                  • The average mortgage duration is 24 years
                                  • 48.4% have variable interest rates
                                  • 51.6% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.13%,
                                  • The average rate for fixed-rate mortgages is 2.86%,
                                  • The average amount issued per mortgage is €125,300: an decrease of 1.2% vs last year.
                                  • 23,840 mortgages were issued -18% vs last year.
                                  • 3 € Bn of mortgages issued for housing in April 2020, -19% vs last year.

           

          The 3 regions with the biggest decreases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Andalusia, +6.8% to 5,580 mortgages
                                  • Basque Country, +6.5% to 1,221 mortgages
                                  • Galicia, +6.4% to 820 mortgages

           

          The top region in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Murcia, 56.8 M€, +22%

           

          The Spanish mortgage rates situation in March 2020

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.56%
                                  • The lowest rate ever is 2.47% reached in November 2019!
                                  • The average mortgage duration is 23 years
                                  • 47% have variable interest rates
                                  • 53% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.21%,
                                  • The average rate for fixed-rate mortgages is 2.92%,
                                  • The average amount issued per mortgage is €127,888: an increase of 1.6% vs last year.
                                  • 26,382 mortgages were issued -15% vs last year.
                                  • 3.4 € Bn of mortgages issued for housing in March 2020, -13% vs last year.

           

          The top region with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +44% to 254 mortgages

           

          The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Aragon, 93 M€, +48%
                                  • Asturias, 57 M€, +24%
                                  • Cantabria, 34M€, +8%

           

           

          The Spanish mortgage rates situation in February 2020

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.64% (vs 2.55% last month)
                                  • The lowest rate ever is 2.47% reached in November 2019!
                                  • The average mortgage duration is 23 years
                                  • 62% have variable interest rates
                                  • 37% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.47%
                                  • The average rate for fixed-rate mortgages is 3.02%

           

          The 3 regions with the biggest decreases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Navarre, -45% to 373 mortgages
                                  • Asturias, -38% to 694 mortgages
                                  • Canary Islands, -31% to 1.035 mortgages

           

          The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Catalonia, 2.378 M€, +200%
                                  • Andalusia, 1.109 M€, +57%
                                  • Aragon, +30%

           

          The Spanish mortgage rates situation in January 2020

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.55% (vs 2.53% last month)
                                  • The lowest rate ever is 2.47% reached in November 2019!
                                  • The average mortgage duration is 22 years
                                  • 58% have variable interest rates
                                  • 42% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.22%
                                  • The average rate for fixed-rate mortgages is 3.05%

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Balearic Islands, +144% to 1.494 mortgages
                                  • Asturias, +134% to 1.120 mortgages
                                  • Castilla y Leon, +111% to 1.884 mortgages

           

          The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • La Roja, 20 M€, +84%
                                  • Navarre, 71 M€, +75%
                                  • Balearic Islands, +74%

           

          The Spanish mortgage rates situation in December 2019

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.53% (vs 2.47% last month)
                                  • The average mortgage rate decreased by 5% vs 1 year ago
                                  • The lowest rate ever is 2.47% reached in November 2019!
                                  • The average mortgage duration is 23 years
                                  • 56% have variable interest rates
                                  • 44% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.2%, 9.1% less than 1 year ago
                                  • The average rate for fixed-rate mortgages is 3.06%, 2.6% more than 1 year ago

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Castilla – La Mancha, +97% to 1.952 mortgages
                                  • Canary Islands, +55% to 1.824 mortgages
                                  • Madrid, +23% to 6.787 mortgages

           

          The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Castilla – La Mancha, 143 M€, +137%
                                  • Madrid, 1.114 M€, +57%
                                  • Canary Islands, +54%

           

          The Spanish mortgage rates situation in November 2019

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.47% (vs 2.5% last month)
                                  • The average mortgage rate decreased by 6.1% vs 1 year ago
                                  • The lowest rate ever is the current rate 2.47%!
                                  • The average mortgage duration is 24 years
                                  • 57.3% have variable interest rates
                                  • 42.7% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.15%, 12.1% less than 1 year ago
                                  • The average rate for fixed-rate mortgages is 3.01%, 0.3% more than 1 year ago
                                  • The average amount issued per mortgage is €129,800: a decrease of 2.1% vs last year.
                                  • 29,416 mortgages were issued -0.5% vs last year.
                                  • 3.8 € Bn of mortgages issued for housing in October 2019, -0.9% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          All the regions noticed a month on month decrease

          Here are the most noticeable regions:

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, +26.4% to 526 mortgages
                                  • Cantabria, +13.6% to 376 mortgages
                                  • Valencia Community, +12.8% to 3614 mortgages

           

          The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, 48 M€, +72%
                                  • Balearic Islands, 200 M€, +37%
                                  • Cantabria, 43 M€, +36%

           

          The Spanish mortgage rates situation in October 2019

          Best mortgage conditions in Spain?

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.50% (vs 2.51% last month)
                                  • The average mortgage rate decreased by 5% vs 1 year ago
                                  • The lowest rate ever is the current rate 2.50%!
                                  • The average mortgage duration is 24 years
                                  • 54.7% have variable interest rates
                                  • 45.3% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.09%, 11.2% less than 1 year ago
                                  • The average rate for fixed-rate mortgages is 3.02%, 1.4% less than 1 year ago
                                  • The average amount issued per mortgage is €129,000: a decrease of 2.1% vs last year.
                                  • 29,691 mortgages were issued -1.1% vs last year.
                                  • 3.8 € Bn of mortgages issued for housing in September 2019, -1.1% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          All the regions noticed a month on month decrease

          Here are the most noticeable regions:

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +127% to 186 mortgages
                                  • Extremadura, +92% to 416 mortgages
                                  • Cantabria, +80% to 331 mortgages

           

          The top 5 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid, 936 M€, -12%
                                  • Catalonia, 788 M€, -12%
                                  • Andalusia, 660 M€, +8%
                                  • Valencia Community, 327 M€, +20%
                                  • Basque Country, 235 M€, +20%

           

          The Spanish mortgage rates situation in September 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.51% (vs 2.55% last month)
                                  • The average mortgage rate decreased by 3% vs 1 year ago
                                  • The lowest rate ever is the current rate 2.51%!
                                  • The average mortgage duration is 24 years
                                  • 63.4% have variable interest rates
                                  • 36.6% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.13%, 9.3% less than 1 year ago
                                  • The average rate for fixed-rate mortgages is 3.16%, 2.5% less than 1 year ago
                                  • The average amount issued per mortgage is €135,452: a increase of 5.3% vs last year.
                                  • 22,488 mortgages were issued -29.9% vs last year.
                                  • 3 € Bn of mortgages issued for housing in August 2019, -29.9% vs last year.

           

          The top 3 regions with the biggest increases for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Navarre, +50% to 328 mortgages
                                  • Madrid, +47% to 4,708 mortgages
                                  • Castilla La Mancha, +26% to 897 mortgages

           

          The top 5 regions in terms of amounts of mortgages issued are (change vs 1 year ago):

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid, 936 M€, -27%
                                  • Catalonia, 545 M€, -28%
                                  • Andalusia, 463 M€, -29%
                                  • Valencian Community, 255 M€, -29%
                                  • Basque Country, 203 M€, -21%

           

          The Spanish mortgage rates situation in August 2019

          1. 1. 1. 1. 1. 1. 1. 1. • • Average mortgage has an interest rate of 2.55% (vs 2.56% last month)
                                    • The average mortgage rate decreased by 3% vs 1 year ago
                                    • The lowest rate ever is the current rate 2.55!
                                    • The average mortgage duration is 23 years
                                    • 60.7% have variable interest rates
                                    • 39.3% have fixed interest rates
                                    • The average rate for variable rate mortgages is 2.21%, 3.2% less than 1 year ago
                                    • The average rate for fixed-rate mortgages is 3.18%, 1.5% more than 1 year ago
                                    • 20,385 mortgages were issued -29.9% vs last year.
                                    • The average amount issued per mortgage is €128,501: a increase of 5% vs last year.
                                    • 2,6 € Bn of mortgages issued for housing in August 2019, -29.9% vs last year.

           

          The top 3 regions with the biggest decreases for the number of mortgages issued are (monthly changes):

           

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, -72% to 74 mortgages
                                  • Extremadura, -57% to 279 mortgages
                                  • Castilla La Mancha, -53% to 714 mortgages

           

          The top 3 regions with the biggest decreases in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, -65% to 6m issued
                                  • Extremadura, -56% to 23m issued
                                  • Canariasa, -45% to 66m issued

           

          The Spanish mortgage rates situation in July 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.56% (vs 2.57% last month)
                                  • The average mortgage rate decreased by 1.2% vs 1 year ago
                                  • The lowest rate ever is the current rate 2.56!
                                  • The average mortgage duration is 23 years
                                  • 58.1% have variable interest rates
                                  • 41.9% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.14%, 7.3% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.16%, 2.8% less than 1 year ago,
                                  • The average amount issued per mortgage is €121,414: a decrease of 2,5% vs last year.
                                  • 33,344 mortgages were issued +13.1% vs last year.
                                  • 6,3 € Bn of mortgages issued for housing in July 2019, +15.2% vs last year.

           

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          For a first time since long, all the regions suffer a month on month negative growth. The one with the smallest decreases are

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +79.3% to 269 mortgages
                                  • Castilla La Mancha, +44% to 1,508 mortgages
                                  • Asturias, +37% to 671 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, +45.9% to 652 mortgages
                                  • Castilla La Mancha, +38% to 1,508 mortgages
                                  • Castilla y Leon, +33.9% to 1,430 mortgages

           

          The Spanish mortgage rates situation in June 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.57% (vs 2.62% last month)
                                  • The average mortgage rate decreased by 3% vs 1 year ago
                                  • The lowest rate ever is 2.57!
                                  • The average mortgage duration is 24 years
                                  • 55.5% have variable interest rates
                                  • 44.5% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.29%, 6.1% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.01%, 1.3% less than 1 year ago,
                                  • The average amount issued per mortgage is €119,964: a increase of 3,7% vs last year.
                                  • 29,900 mortgages were issued -2.5% vs last year.
                                  • 3,6 € Bn of mortgages issued for housing in May 2019, -6.1% vs last year.

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          For a first time since long, all the regions suffer a month on month negative growth. The one with the smallest decreases are

          1. 1. 1. 1. 1. 1. 1. 1. • Region of Murcia, -2.6% to 824 mortgages
                                  • Community of Navarra, -4.5% to 383 mortgages
                                  • Basque country, -5.2% to 1,703 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • Community of Valencia, +16.9% to 3,748 mortgages
                                  • Region of Murcia, +12% to 824 mortgages
                                  • Basque country, +9.3% to 1,703 mortgages

           

           

          The Spanish mortgage rates situation in May 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.59% (same as last month)
                                  • The average mortgage rate decreased by 2.9% vs 1 year ago
                                  • The lowest rate ever is 2.57!
                                  • The average mortgage duration is 24 years
                                  • 56.8% have variable interest rates
                                  • 43.2% have fixed interest rates (+6.7% vs last year)
                                  • The average rate for variable rate mortgages is 2.3%, 5.1% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.09%, 1.8% less than 1 year ago,
                                  • The average amount issued per mortgage is €124,700: a increase of 3.9% vs last year.
                                  • 29,032 mortgages were issued -0.1% vs last year.
                                  • 3.6 € Bn of mortgages issued for housing in April 2019, +0.6% vs last year.

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Community of Navarra, +45.3% to 510 mortgages
                                  • Aragon, +19.7% to 814 mortgages
                                  • Asturias, +11.9% to 556 mortgages

           

           

          The Spanish mortgage rates situation in March 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.62% (same as last month)
                                  • The average mortgage rate decreased by 2.3% vs 1 year ago
                                  • The lowest rate ever is 2.57!
                                  • The average mortgage duration is 24 years
                                  • 58.1% have variable interest rates
                                  • 41.9% have fixed interest rates (+24.5% vs last year)
                                  • The average rate for variable rate mortgages is 2.34%, 2.7% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.11%, 1.6% more than 1 year ago,
                                  • The average amount issued per mortgage is €125,341: a increase of 3.9% vs last year.
                                  • 30,716 mortgages were issued + 9.2% vs last year.
                                  • 3.8 € Bn of mortgages issued for housing in March 2019, +20.3% vs last year.

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • The Balearic Islands, +47% to 1,159 mortgages
                                  • Andalusia, +17% to 6,069 mortgages
                                  • Extremadura, +14% to 503 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • The Balearic Islands, +49% to 1,159 mortgages
                                  • Extremadura, +36% to 503 mortgages
                                  • Murcia, +31% to 503 mortgages

           

           

          The Spanish mortgage rates situation in February 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.62% (vs 2.57% last month)
                                  • The average mortgage rate decreased by 1.1% vs 1 year ago
                                  • The current rate: 2.62% is close to the lowest rate ever of 2.57!
                                  • The average mortgage duration is 23 years
                                  • 58.2% have variable interest rates
                                  • 41.8% have fixed interest rates (+17.4% vs last year)
                                  • The average rate for variable rate mortgages is 2.37%, 4% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.05%, 0.4% more than 1 year ago,
                                  • The average amount issued per mortgage is €123,911: a increase of 2.9% vs last year.
                                  • 31.018 mortgages were issued + 9.2% vs last year.
                                  • 3.8 € Bn of mortgages issued for housing in February 2019, +12.3% vs last year.

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          After a seasonally slower December, January looks even stronger vs December:

          1. 1. 1. 1. 1. 1. 1. 1. • Asturias, +24.9% to 728 mortgages
                                  • Catalonia, +8.4% to 5.448 mortgages
                                  • Pais Vasco, + 2.9% to 1.713 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • Asturias, +56% to 728 mortgages
                                  • Castilla – La Mancha, +43% to 1.321 mortgages
                                  • La Rioja, + 39% to 241 mortgages

           

          The 6 regions with the biggest growth on the full year 2018

          1. 1. 1. 1. 1. 1. 1. 1. • The Valencian Community, +15.7% to 38.004 mortgages
                                  • The Community of Madrid, +14.9% to 65.503 mortgages
                                  • Castilla – La Mancha, +14.8% to 12.501 mortgages
                                  • La Rioja, +13.5% to 2.332 mortgages
                                  • The Community of Navarre, +13.4% to 4.615 mortgages
                                  • Catalonia, +13% to 57.477 mortgages
                                  • Extremadura, +12.3% to 5.550 mortgages

           

          The 4 most active regions in 2018

          No surprises, we keep the same regions as the most active ones in terms of transactions:

          1. 1. 1. 1. 1. 1. 1. 1. • The Community of Madrid, 65.503 mortgages with a growth of 14.9%
                                  • The Andalusia, 65.431 mortgages with a growth of 8.6%
                                  • Catalonia, 57.477 mortgages with a growth of 14.9%
                                  • The Valencian Community, 38.004 mortgages with a growth of 15.7%

           

           

          The Spanish mortgage rates situation in January 2019

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.57% (vs 2.62% last month)
                                  • The average mortgage rate decreased by 4.3% vs 1 year ago
                                  • The current rate: 2.57% is the lowest rate ever!
                                  • The average mortgage duration is 22 years
                                  • 62.8% have variable interest rates
                                  • 37.2% have fixed interest rates (+9.1% vs last year)
                                  • The average rate for variable rate mortgages is 2.32%, 8% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.09%, 1.6% more than 1 year ago,
                                  • The average amount issued per mortgage is €121,036: a decrease of -0.7% vs last year.
                                  • 36.832 mortgages were issued + 22.5% vs last year.
                                  • 4.4 € Bn of mortgages issued in January 2019, +21.6% vs last year.

           

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          After a seasonally slower December, January looks even stronger vs December:

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid Community, +168% to 10.478 mortgages
                                  • Castilla – La Mancha, +101% to 1.485 mortgages
                                  • Extremadura, + 76% to 542 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid Community, +105% to 10.478 mortgages
                                  • Castilla – La Mancha, +25% to 1.485 mortgages
                                  • Aragón, + 17% to 910 mortgages

           

          The Spanish mortgage rates situation in December 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.62% (vs 2.61% last month)
                                  • The average mortgage rate decreased by 3.9% vs 1 year ago
                                  • The lowest rate ever is 2.57%!
                                  • The average mortgage duration is 24 years
                                  • 58.6% have variable interest rates
                                  • 41.4% have fixed interest rates (+9.1% vs last year)
                                  • The average rate for variable rate mortgages is 2.42%, 4.7% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 2.98%, 4.8% less than 1 year ago,
                                  • The average amount issued per mortgage is €126,394: an increased of 9.4% vs last year.
                                  • 20.933 mortgages were issued + 0.9% vs last year.
                                  • 2.6 € Bn of mortgages issued in December 2018, +10.4% vs last year.

           

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          All the regions had a negative growth. Of course December is well known for being less busy all over the world.

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • The Basque Country, +20.1% to 1.333 mortgages
                                  • The Valencian Community, +17.3% to 2.456 mortgages
                                  • Catalonia, +12% to 3.390 mortgages

           

          The Spanish mortgage rates situation in November 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.61% (vs 2.57% last month)
                                  • The average mortgage rate decreased by 5.7% vs 1 year ago
                                  • The lowest rate ever is 2.57%!
                                  • The average mortgage duration is 23 years
                                  • 64% have variable interest rates
                                  • 36% have fixed interest rates (+25.9% vs last year)
                                  • The average rate for variable rate mortgages is 2.42%, 0.7% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.07%, 14.1% less than 1 year ago,
                                  • The average amount issued per mortgage is €130,651: an increased of 5.5% vs last year.
                                  • 28.835 mortgages were issued + 14.2% vs last year.
                                  • 5.6 € Bn of mortgages issued in November 2018, +13.7% vs last year.

           

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • The Canary Islands, +39.4% to 1.299 mortgages
                                  • The Balearic Islands, +17.8% to 899 mortgages
                                  • Asturies, +4.7% to 532 mortgages

           

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • The Canary Islands, +28.6% to 1.299 mortgages
                                  • Catalonia, +25% to 5.363 mortgages
                                  • The Valencian Community, +24.4% to 3.178 mortgages

           

          The Spanish mortgage rates situation in October 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.57% (vs 2.59% last month)
                                  • The average mortgage rate decreased by 4.3% vs 1 year ago
                                  • The lowest rate ever is 2.57%! YES, the current rate!
                                  • The average mortgage duration is 24 years
                                  • 60.4% have variable interest rates
                                  • 39.6% have fixed interest rates (+25.9% vs last year)
                                  • The average rate for variable rate mortgages is 2.43%, 2.9% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 2.99%, 3.7% less than 1 year ago,
                                  • The average amount issued per mortgage is €126,926: an increased of 4.6% vs last year.
                                  • 30.356 mortgages were issued + 20.4% vs last year.
                                  • 5.8 € Bn of mortgages issued in October 2018, +13.9% vs last year.

          The top 3 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Navarra Community, +21.6% to 472 mortgages
                                  • Catalonia, +10.7% to 5.808 mortgages
                                  • Castilla y Leon, +4.8% to 1.153 mortgages

          The top 3 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • Navarra Community, +53.7% to 472 mortgages
                                  • Catalonia, +40.7% to 5.808 mortgages
                                  • Aragon, +36.8% to 729 mortgages

           

          The Spanish mortgage rates situation in September 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.59% (vs 2.62% last month)
                                  • The average mortgage rate decreased by 8.3% vs 1 year ago
                                  • The lowest rate ever is 2.59%!
                                  • The average mortgage duration is 24 years
                                  • 59.9% have variable interest rates
                                  • 40.1% have fixed interest rates (+16.7% vs last year)
                                  • The average rate for variable rate mortgages is 2.36%, 10.8% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.02%, 5.9% less than 1 year ago,
                                  • The average amount issued per mortgage is €127,732: an increased of 4.1% vs last year.
                                  • 32.457 mortgages were issued + 9.5% vs last year.
                                  • 6.6 € Bn of mortgages issued in September 2018, +10% vs last year.

          The top 4 regions with the biggest growth for the number of mortgages issued are (monthly changes):

          1. 1. 1. 1. 1. 1. 1. 1. • Valencian Community, +32.5% to 3.863 mortgages
                                  • Madrid, +30.6% to 6.530 mortgages
                                  • Murcia, +21.5% to 866 mortgages
                                  • Catalonia, +18.4% to 5.246 mortgages

          The top 4 regions with the biggest growth in terms of amounts of mortgages issued are (yearly change):

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +123%
                                  • Extremadura, +54%
                                  • The community of Navarre, +37%
                                  • Madrid, +28%

           

          The Spanish mortgage rates situation in August 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.62% (vs 2.59% last month)
                                  • The average mortgage rate decreased by 4.3% vs 1 year ago
                                  • The lowest rate ever is 2.59%!
                                  • The average mortgage duration is 24 years
                                  • 59.8% have variable interest rates
                                  • 40.2% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.43%, 5.5% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 2.99%, 3.1% less than 1 year ago,
                                  • The average amount issued per mortgage stands at €122,424, an increased of 9.8% vs last year.
                                  • 28.755 mortgages were issued + 6.8% vs last year.
                                  • 5.4 € Bn of mortgages issued in August 2018, +11% vs last year.

           

          The top 4 regions with the biggest growth for the number of mortgages issued are:

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, +31% to 604 mortgages
                                  • The Canary Islands, +19,6% to 1.396 mortgages
                                  • Cantabria, +16,4% to 326 mortgages
                                  • Madrid, +13,9% to 5.000 mortgages

           

          The top 4 regions with the biggest growth in terms of amounts of mortgages issued are:

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, +61%
                                  • Madrid, +29%
                                  • Andalusia, +28%
                                  • Basque country, +24%

           

          The Spanish mortgage rates situation in July 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.59% (vs 2.63% last month)
                                  • Average mortgage rate decreased by 6.3% vs 1 year ago
                                  • The lowest rate ever is 2.59%! YES, the current rate reached this month!
                                  • Mortgage duration is 22 years
                                  • 62.3% have variable interest rates
                                  • 37.7% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.32%, 7.3% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.07%, 5.7% less than 1 year ago,
                                  • The average amount issued per mortgage stands at €125,120, an increased of 2.1% vs last year.
                                  • 29.287 mortgages were issued + 14.6% vs last year.
                                  • 3.6 € Bn of mortgages issued in July 2018, +17% vs last year.

           

          The top 4 regions with the biggest growth for the number of mortgages issued:

          1. 1. 1. 1. 1. 1. 1. 1. • Extremadura, +38.9% to 457 mortgages.
                                  • The Valencian Community, +28.1% to 3.276 mortgages
                                  • La Rioja, +28.1% to 283 mortgages
                                  • Madrid, +27,5% to 5.713 mortgages

           

          The top 4 regions with the biggest growth in terms of amounts of mortgages issued:

          1. 1. 1. 1. 1. 1. 1. 1. • La Rioja, +77.3%
                                  • The region of Murcia, +43%
                                  • Cantabria, +39.8%
                                  • The Valencian Community, +39%

           

          The Spanish mortgage rates situation in June 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.63%
                                  • Average mortgage rate decreased by 6.8% vs 1 year ago
                                  • The lowest rate ever is 2.62% reached in March 2018
                                  • Mortgage duration is 23 years
                                  • 62.9% have variable interest rates
                                  • 37.1% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.19%, 11.3% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.25%, 0.5% more than 1 year ago,
                                  • The average amount issued per mortgage stands at €123,896, an increased of 5.1% vs last year.
                                  • 30.600 mortgages were issued + 3.9% vs last year.

           

          The top 3 regions with the biggest mortgages growth:

          1. 1. 1. 1. 1. 1. 1. 1. • Madrid, +23,2% to 6.399 mortgages,
                                  • Aragon, +10.6% to 957 mortgages,
                                  • Extremadura, +18.4% to 616 mortgages.

           

          The Spanish mortgage rates situation in May 2018

          1. 1. 1. 1. 1. 1. 1. 1. • Average mortgage has an interest rate of 2.63%
                                  • Average mortgage rate decreased by 4.3% vs 1 year ago
                                  • The lowest rate ever was 2.62% in March 2018
                                  • Mortgage duration is 22 years
                                  • 61.9% have variable interest rates
                                  • 38.1% have fixed interest rates
                                  • The average rate for variable rate mortgages is 2.4%, 9.8% less than 1 year ago,
                                  • The average rate for fixed-rate mortgages is 3.12%, 6.6% more than 1 year ago,
                                  • The average amount issued per mortgage stands at €117,044, an increased of 2.8% vs last year.
                                  • 31.166 mortgages were issued + 7.3% vs last year.

           

          While the top 4 regions in terms of annual growth were:

          1. 1. 1. 1. 1. 1. 1. 1. • The Canary Islands, +70,9% to 1.984 mortgages,
                                  • Extremadura, +18.5% to 570 mortgages,
                                  • Pais Vasco, +18.4% to 1.783 mortgages,
                                  • Navarra, +17.3% to 441 mortgages

          Check the Spanish report from the INE.

          Looking for a mortgage or a local expert in Alicante, Malaga, Valencia, Madrid, Barcelona,…? Ask us directly!

          

          Stéphane

          Senior analyst and strategist at HTBIS

          Check the whole HTBIS team here