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What are the best Spanish mortgage rates?

 

Here is our September 2024 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. Now, zoom forward to mid-2024, inflation is more controlled (2.2% as of August 2024 – back to the low of the range over the last 3 years) and it looks like economies are suffering from the restricted monetary policy of the ECB. In this context, some market experts expect the central bank to 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 must note that rates may vary since their assets are primarily overseas.

We’ve built the largest database to monitor fluctuations in this sector, enabling us to generate dynamic, engaging charts. The “Instituto Nacional de Estadísticas” (INE) has recently published the mortgage statistics for Spain as of June 2024, providing a clear view of the current market rates.

Thanks to our network of local partners, we get the best mortgage rates in Spain if you want to finance your home in Spain. Take 30 seconds to complete this quick form to get the best Spanish mortgage rates.

 

  1. Spanish mortgage rates: our 2 minutes video

    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.

     

  2. What are the current mortgage rates in Spain?

     

    Current market conditions

    • The average mortgage has an interest rate of 3.26% (vs 3.32% end of December 2023)
    • The lowest rate ever was 2.44% reached in September 2020.
    • The average rate for variable-rate mortgages is 3.06% (vs 3.07% end of December 2023)
    • The average rate for fixed-rate mortgages is 3.44% (vs 3.54% end of December 2023)

     

    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 very good 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 are specialized in working with foreigners looking for a mortgage in Spain. Please note that to get the best rates, banks add some 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, as your assets won’t be based in Spain, the bank will need warranties and won’t allow a loan to value more than 70% in general. The Loan to value is the amount of mortgage you can get divided by the value of your property before tax, but this % is only for good inquiry. Don’t hesitate to ask for a free quote from our mortgage broker, he knows perfectly how it works and which Spanish banks love foreigners.

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

  3. Calculate the cost of your Spanish mortgage

    Check our ultimate Spanish mortgage calculator.

    To help you out, we have created an easy-to-use table of the monthly repayments depending on the amount you want to take for a mortgage. If you want to go deeper into details, use our calculator to fine-tune your mortgage to your situation and you will find out what would be your monthly payments, mortgage schedule,…

     

    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 a mortgage of €100,000 for 10 years with a rate of 3.5%, your monthly payment to reimburse your mortgage will be €989.

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

     

    Summary table of your monthly reimbursements for a €100.000 Mortgage

     

  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 returns prospects, check our last article on that subject:

    What return will you make on your Spanish Property investment in 2023? If you see your property investment in Spain as an investment, adding some financing (without being crazy) will increase your return and decrease your costs.

     

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

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

     

    Why would you take a fixed-rate mortgage?

    A fixed-rate mortgage has the advantage that whatever the market conditions will do in the future, it will remain the same. To get that advantage, you will on average pay a higher rate than on a variable-rate mortgage, for instance, as of June 2024, mortgages with variable rates were issued at rates of 3.06% while those with fixed rates were issued with 3.44% for an average length 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) and because you don’t see inflation or rates going higher or because you are comfortable financially and can face higher rates in the future. Another reason for variable rates to cost less than fixed rates is that for the banks issuing them, it matches their sources of funds (savings accounts) and they take less risks by issuing them rather than fixed rates mortgages.
    To sum up, if you want safety, take a fixed-rate mortgage. If you see inflation spiking or interest rates going higher (in general due to a strong economy) you could as well go for 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

    After the big inflation spike of 2022 around the world and in Spain, inflation in Spain is moderating finally to +2.2% as of August 2024. We note that since 2022, the trend changed clearly and the majority of mortgages are issued with fixed rates. We kept telling you in 2022, to lock in those crazy long-term rates levels… remember our chart:

    Maybe some people see a real risk of inflation staying high, which in turn should increase the variable rates. Since June 2023, we still see the fixed rates as leading the mortgage initiations but we are going back towards a 50/50 split between variable and fixed rates. As of mid-2024, with long-term rates decreasing and with inflation decreasing, we see that fixed rates are back on the top of the list. Check our interactive chart on that.

    Check the evolution of the percentage of mortgages with fixed and variable rates with the inflation rate

    We wrote a completely new 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 nice 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 minutes 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 this question: What is the ideal mortgage customer for a bank? The bank will take a risk, the risk of not being repaid and in this case, the bank will need to take legal action to control your property and will sell it afterwards on the market. We saw what happened after the financial crisis of 2008: thousands of properties finished in the hands of the 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 3 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 know, with anti-laundering laws that came into effect all over Europe, it is challenging for banks to give a loan 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?

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

     

    Get a free mortgage quote

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

  7. Spanish mortgages rates: Market Insights and trends

     

    381,560 mortgages issued in Spain over 2023

    2022 was a record year for mortgage rates in Spain: 464,000 credits were issued. Even stronger than 2021 which was already strong. So, in 2023, with the rise of interest rates the number of mortgages decreased by 18% while at the same time, the number of transactions decreased by 19% (from 734,000 transactions in 2022 to 596,000 transactions in 2023).

    A healthy market: Only 64% of properties are bought with a mortgage (vs 63% in 2022). 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.

     

    Historical evolution of Spanish mortgage rates & useful information

    • The average mortgage duration is 24 years
    • Only 6% of issued mortgages in Spain are bigger than 80% of the property value.
    • 46% have variable interest rates (vs 35% in December 2022)
    • 54% have fixed interest rates (vs 65% in December 2022)
    • The average amount issued per mortgage is €140,451.

     

    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 63%.
    • 24,927 mortgages were issued -17% vs last year.
    • 3.5 € Bn of mortgages issued for housing in December 2023, -19% vs last year.

    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. As you can see both short-term rates and long-term rates are exploding since the start of 2022.

     

  8. Resources on Spanish mortgage rates

     

    Discover the best new build projects in Spain
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    2 beds 2 baths 81 m²
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    3 beds 2 baths 133 m²
    € 319,000
    2 beds 2 baths 87 m²

     

    Check out our latest articles on Spansih mortgage rates

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

     

 

Best mortgage rate for Spanish mortgages.

Loan to value given on mortgages in Spain

Spanish mortgages with the best mortgage rate in Spain and loan value higher than 80%.

Spanish mortgages with the best mortgage rate in Spain and loan value higher than 80%.

Current financing rates for Spanish banks

Current financing rates for Spanish banks

Average Spanish mortgage sizes in 2024

Average Spanish mortgage sizes in 2024

Spanish mortgage rates for non-residents vs properties sold in Spain for each year

Spanish mortgage rates for non-residents vs properties sold in Spain for each year

Spanish mortgage rates: comparison between variable and fixed rates

Spanish mortgage rates: comparison between variable and fixed rates

Best Spanish mortgage rates in March 2024

Best Spanish mortgage rates in March 2024

Average Spanish mortgage length.

Average Spanish mortgage length in years.

FAQ Spanish mortgage rates

How much deposit do I need for a Spanish mortgage?

For your second residence and as a non-fiscal resident, a bank will finance no more than 70 % of the value of your property. This means that you would need to invest at least 45% of the property value from your assets.

What is the interest rate in Spain?

As of December 2023, the average mortgage has an interest rate of 3.32%. The lowest rate ever was 2.44%, very close to the current level! The average mortgage duration is 24 years 46% have variable interest rates 54% have fixed interest rates. The average rate for variable-rate mortgages is 3.07%, The average rate for fixed-rate mortgages is 3.54%. Read our dedicated article on that subject for more recent data.

Can foreigners get a mortgage in Spain?

Yes, foreigners can get a mortgage up to 70% of the Value of a property.

Can I get a Spanish mortgage?

It is very easy to get a mortgage in Spain. What are the documents requested? Your Passport / ID for all the applicants Your NIE: “Número de identificación fiscal para extranjeros” or Foreign Resident’s Tax Number. How do you get your NIE in Spain? What do you need to get it? Why do you need it? Last 3 paychecks with the contract of employment Proof of income/Contract A view of your assets and debts If it’s a new building: the “Deed for the new building” The private sale-purchase contract If you have a mortgage at home, land registry information on the property and the mortgage If pensioners: Official proof of annual income.

Nice terrace in an old Spanish street

Here are the statistics for earlier years:

 

        • The Spanish mortgage rates situation for December 2021

            • 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):
              • Aragon, +33% to 1.159 mortgages
              • Extremadura, +29% to 683 mortgages
          The top region in terms of amounts of mortgages issued (Annual)
            • Balears, 211m€, +116%
            • La Rioja, 19m€, +77%
            • Aragon, 169m€, +70%

 

The Spanish mortgage rates situation for October 2021

                          • 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):
                          • 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)
                          • Madrid, 1.2bn€, +89%
                          • Andalusia, 793m€, +89%
                          • Catalonia, 863m€, +87%

      • The Spanish mortgage rates situation for February 2021

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

      • The Spanish mortgage rates situation for January 2021

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

      • The Spanish mortgage rates situation for December 2020

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

      • The Spanish mortgage rates situation for November 2020

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

      • The Spanish mortgage rates situation for October 2020

                        • 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):
                        • 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)
                        • Extremadura, 40m€, +29%
                        • Aragon, 93m€, +23%
                        • Asturias, 46m€, +19%

      • The Spanish mortgage rates situation for September 2020

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

      • The Spanish mortgage rates situation for August 2020

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

        1. The Spanish mortgage rates situation for July 2020

                          • 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:
                          • 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
                          • Basque Country, 282m€, +33%

        The Spanish mortgage rates situation for June 2020

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

         

        The Spanish mortgage rates situation in May 2020

        Best mortgage conditions in Spain?

                        • 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):
                        • 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):
                        • Murcia, 56.8 M€, +22%

         

        The Spanish mortgage rates situation in April 2020

        Best mortgage conditions in Spain?
                        • 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):
                        • 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):
                        • Murcia, 56.8 M€, +22%

         

        The Spanish mortgage rates situation in March 2020

        Best mortgage conditions in Spain?
                        • 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):
                        • La Rioja, +44% to 254 mortgages

         

        The top 3 regions in terms of amounts of mortgages issued are (change vs 1 year ago):
                        • Aragon, 93 M€, +48%
                        • Asturias, 57 M€, +24%
                        • Cantabria, 34M€, +8%

         

         

        The Spanish mortgage rates situation in February 2020

        Best mortgage conditions in Spain?
                        • 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):
                        • 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):
                        • 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?
                        • 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):
                        • 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):
                        • 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?
                        • 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):
                        • 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):
                        • 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?
                        • 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:

                        • 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):
                        • 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?
                        • 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:

                        • 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):
                        • 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

                        • 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):
                        • 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):
                        • 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

                          • 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):

         

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

         

        The Spanish mortgage rates situation in July 2019

                        • 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

                        • 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):
                        • 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

                        • 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

                        • 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):
                        • 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

                        • 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):
                        • 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

                        • 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):
                        • 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):
                        • 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

                        • 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:

                        • 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):
                        • 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

                        • 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:

                        • 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

                        • 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:

                        • 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):
                        • 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

                        • 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):
                        • 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

                        • 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):
                        • 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):
                        • 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

                        • 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):
                        • 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):
                        • 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

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

         

        The Spanish mortgage rates situation in August 2018

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

         

        The Spanish mortgage rates situation in July 2018

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

         

        The Spanish mortgage rates situation in June 2018

                        • 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:
                        • 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

                        • 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:
                        • 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 full HTBIS team here

 

 

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]]> https://howtobuyinspain.com/en/buy-property-in-spain/spanish-mortgage-rates/spanish-mortgage-rates-2024/feed/ 1 Get the best mortgage rate <em><a href="https://howtobuyinspain.com/en/home/?lang=enen/mortgage-in-spanish/" target="_blank" rel="noopener noreferrer">Get the best mortgage rate in Spain</a></em> Your Mortage calculator Your Mortgage calculator Spanish mortgage rates were on huge sale How to get the best rates as a non-resident. How to get the best rates as a non-resident. Loan to value for Spanish mortgages Spanish mortgages with a loan to value higher than 80 percent Current financing rates for Spanish banks Average mortgage size in Spain Spanish Mortgages issued vs properties sold up to 2023 Spanish Mortgages issued with Variable Rates vs Fixed Rates Spanish mortgage rates March 2024 Average mortgage length in Spain Nice walking street in Spain Stéphane co-founder of HTBIS