Buying house is more expensive than ever. The prices are around – and even overflowed – the peaks who played in the boom years in all autonomous communities and those who want to buy have to ask for more money than ever the banks to finance their operation. According to data published yesterday by the National Institute of Statistics (INE), the Average amount of mortgages signed in Spain in June stood at 168,363 euros, the highest in the entire historical series.
This amount is 6.46% to that registered one month before (158,153 euros) and is 15.5% higher than that of a year ago (146,117 euros on average).
“The rise in housing prices, which is mostly caused by the lack of supply and the very high demand that there is at this time, is moving as normal to the average amount that buyers ask for the bank,” he explains Simone Colombelli, of the “Broker” Mortgage Ia Wut.
The good news for buyers, as Simone adds, is that mortgage prices are helping to compensate for those increases. He Average interest rate stood at 2.99%, above 2.91% of the previous month and the highest since last January (3.08%). However, with the June data they already accumulate five consecutive months with a rate of less than 3%.
In total, in June, the number of mortgages constituted on homes shot 31.7% compared to the same month of 2024, until adding 41,834 loans, its largest figure in this month since exercise 2022. 72% of those signed were at a fixed type.
With the June advance, which has moderated in more than 20 points compared to that experienced in May (+54.4%), The mortgage firm on homes adds twelve consecutive months of increases.
«The context of a more flexible monetary policy, which lowers credit and improves the financing conditions, is reactivating the housing demand of that 21% buyers whose access to mortgages had cooled after the previous type rise. Thus, the mortgage market recovers its attractive and consolidates the change of cycle ”, affirms María Matos, Director of Studies of Fotocasato explain the market march.
Without apparent clouds in sight, from the sector they begin to glimpse another year if not record, if strong mortgage activity.
«In the first semester they have been formalized 243,257 loans, 25% more than last year And only in June 41,834 mortgages were reached, a figure well above the usual monthly average of 35,000 operations last year, ”says Matos.
From floors.com they add that forecasts point out that At the end of 2025, mortgages will shoot at maximum in 15 years. “These figures show us a mortgage market clearly upwards in the sixth month of the year,” he says Ferran Font, Head of Studies of Flaos.com. «To an active housing transactions market as it has not been seen for years, you have to add the good mortgage conditions offered by the banking entities. We will have to follow the next figures very closely since we continue at a time of very important geopolitical uncertainty, to which the turn in the ECB types is added. In any case, the reality of the market remains a very active demand and little supply available, so that the evolution of price and housing accessibility will not change in the short term, ”he concludes.
«We are facing an exceptional year in terms of mortgage activity. With cheaper mortgages, upward housing prices and more owners seeing in the sale a profitable opportunity, everything indicates that we will close 2025 with record figures », closes Ricard Garriga, CEO and co -founder of the “Fintech” and “Mortgagetech” Trioteca.