Overview

• INE data show 41,834 home loans were registered in June, up 31.7% year over year, bringing the first‑half total to 243,257, the strongest since 2011.
• The average interest on new mortgages was 2.99% in June, marking a fifth month below 3%, while the 12‑month Euríbor ticked up to 2.114% in August after seven declines.
• The average mortgage amount climbed 15.5% to €168,363 and total capital lent reached €7,043.3 million in June, reflecting higher house prices and larger borrowing needs.
• Fixed‑rate products dominated new lending in June with a 72% share versus 28% variable, reinforcing borrowers’ preference for rate certainty.
• Regional trends were uneven: the Canaries logged a 39.9% annual jump in June mortgages, Galicia hit a 14‑year high, and Murcia notaries reported June home sales up 18.9% with mortgage loans up 18.5%.