Overview

• February 2025 recorded 59,682 home sales in Spain, marking a 13.9% increase from the previous year and the highest February figure since 2007.
• New home sales rose 21.5% year-on-year, while used home sales grew by 11.8%, highlighting strong demand across both segments.
• Mortgage lending increased for the eighth consecutive month, with 39,084 mortgages issued in February, representing a 4.3% rise year-on-year.
• The average mortgage interest rate dropped to 2.96%, the lowest since February 2023, following the European Central Bank’s recent rate cut.
• Regional disparities persisted, with all regions except Navarra experiencing sales growth; Asturias, La Rioja, and Andalucía led with gains exceeding 24%.