Overview

• INE reports 41,834 home mortgages in June, up 31.7% year over year, marking a twelfth straight annual increase.
• Total capital lent rose 52.1% to €7.043 billion, while the average loan climbed 15.5% to €168,363.
• The average mortgage rate registered 2.99% in June, remaining under 3% for a fifth consecutive month.
• Fixed-rate contracts accounted for 72% of new mortgages, the highest share since August 2022.
• The first half of 2025 was the most active since 2011, with regional divergence led by Canarias (+39.9% y/y) and stability in Córdoba (595 loans).