Mortgage granting is heading towards its highest level since the bubble.
At the growth rate of the first seven months of the year, the volume of new operations would reach 87 billion euros at the end of the year, a figure not seen since 2008.
Spanish banks granted 50.685 billion euros in new mortgages in the first seven months of 2026. If the growth rate continues, the total for the year will reach 87.000 billion euros, a level not seen since 2008. The mortgage market is experiencing a surge, driven by strong demand and competitive prices, with some banks offering rates below 3.5% fixed and 0.5% variable. The average mortgage amount has also increased, reaching 178.365 euros in June, due to rising housing costs.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
