Overview
- INE data published Monday show mortgages on dwellings rose 2.3% year-on-year in April 2026 to 40,010 loans, the largest April total since 2010.
- The province of Córdoba led local gains with a 15.4% rise in formalized mortgages from January to April 2026 and an 18.5% increase in capital lent to more than €295 million.
- Average initial interest for new housing loans stood at 2.90% in April, marking 15 consecutive months below 3%, with 62.9% of new loans fixed-rate and 37.1% variable-rate.
- Lenders increased the average loan size to €173,331 in April, up 11.1% year-on-year, and total capital lent rose about 13.7% to roughly €6,935 million even as monthly activity cooled from March.
- The data show a national recovery driven by low rates and larger loans but with clear regional divergence and a moderating growth rate that could raise borrowing costs if rates reverse and will matter most for buyers in hard‑hit or fast‑growing provinces.