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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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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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View from a home in Spain - International Buyers and the 'Summer Effect' Fuel Surging Demand for Spanish Coastal Homes

The UK, Germany, and France are leading the search for second homes in Spain during the first months of 2026.

With the official arrival of summer and the stabilisation of interest rates in the Eurozone (around 2%), the Spanish coastal real estate market is experiencing a historic surge in international buyer interest.

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IMAGEN PRINCIPAL BENEHAVIS - Live surrounded by nature with this luxury apartment in Málaga

Many people chose the Costa del Sol to spend their retirement or merely to enjoy life. Its natural beauty, besides the excellent climate, are two of its most compelling claims.

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