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Tag: Mortgages in Spain

Published on Leave a comment on The Streak Is Over: Home Sales and Mortgages in Spain Fall in July
NP002 1 Housing Sales in Spain - The Streak Is Over: Home Sales and Mortgages in Spain Fall in July

The INE (National Statistics Institute) reports 61,417 property sales (-5.1%) and 43,372 mortgages (-3.5%) for July, while the Euribor has now risen for three consecutive months, reaching 3.223%.

Three weeks ago, we discussed how June had been the best month for buying a home since 2007. This week, the INE confirmed that July broke that streak on two fronts: both property sales (-5.1%) and mortgages (-3.5%) declined. The summer picture is no longer defined solely by record highs; a slowdown is also underway, affecting both sides of the transaction.

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Published on Leave a comment on Spain’s Housing Market Hits New Highs: Record Mortgages and Prices Mark the End of an Expensive Summer
Gemini Generated Image hfpigjhfpigjhfpi - Spain’s Housing Market Hits New Highs: Record Mortgages and Prices Mark the End of an Expensive Summer


With used-home prices rising for 70 consecutive months and nearly 46,000 mortgages signed in June, the Spanish real estate market ends the summer on a strong note.

Let's start with the figure that will hurt the most on your next bank statement: the Euribor. It has begun September at 3.029%, its highest level in three years. And it comes at the same time Spain is signing mortgages at a rate not seen since 2010.

This is no coincidence; it's a snapshot of a market that this summer has moved in two directions simultaneously: more expensive and more active. The data, with names and details, comes from the INE (National Institute of Statistics), Fotocasa, and Spainhouses.net's own records.

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