Overview

• Spain registered 42,831 home mortgage operations in March, a 44.5% year-on-year increase and the ninth consecutive month of growth.
• Total capital lent for mortgages rose 65.2% to €6.711 billion and the average loan amount increased 14.3% to €156,698.
• Fixed-rate mortgages accounted for 66.8% of new loans while variable-rate deals made up 33.2% of approvals.
• The average mortgage interest rate fell to 2.97% with an average term of 25 years, marking its lowest level since February 2023.
• Growth varied by region, led by Galicia, Castilla y León and Asturias, while Navarra was the only community to see a 12.1% drop in mortgage counts.