Mortgage agency reaches highest determine in 15 years as home costs climb to a different report | Housing | Economy | EUROtoday

The varied statistics that monitor the true property market periodically affirm the identical indicators: costs are rising, however gross sales and mortgage mortgage signing operations should not struggling in the intervening time. The good tempo within the signing of mortgages all through 2025 has ended up making it the yr with essentially the most residence loans within the final 15 years, with 501,073 operations, in keeping with information revealed this Thursday by the National Institute of Statistics (INE). There are 17.8% extra signatures than these registered in 2024, and we should return to the years of creation and explosion of the true property bubble (2004-2010) to search out greater figures. Although the INE outcomes are nonetheless provisional, the month-to-month evolution of the companies all year long already recommended that the barrier of half one million operations could be surpassed. Something that has ended up taking place because of the truth that within the final month of the yr 37,841 mortgages have been agreed upon, 17.4% greater than in the identical interval of the earlier yr.

In line with this growth, the assessed worth per sq. meter can also be at unprecedented ranges, with a median worth of two,230 euros within the fourth quarter of 2025, in keeping with the data of the Ministry of Housing additionally launched this Thursday. This will not be solely the best worth of the whole yr, but additionally the best in a historic sequence that started in 1995. Taking solely the final decade as a reference, between 2015 and 2025 the value per sq. meter has elevated by 49.7%, or in different phrases, by 740 euros.

According to the data of the statistical institute, in 2025 a median of 41,756 mortgages have been signed per thirty days, far exceeding the 35,460 in 2024. In reality, in October 52,198 operations have been executed, the best report since September 2010 (53,127), which revealed the report projection that will lastly accompany 2025. Despite the small drop in December in comparison with As of November (5,478 fewer operations), all months of the final yr have improved in comparison with their respective friends in 2024, with a particular impression on May, the place the variety of signatures virtually doubled from 27,376 to 42,274, 54.4% extra.

Thus, the collected whole for the whole yr has risen to 501,073 mortgages, the primary time that the half-million barrier has been exceeded since 2010. However, regardless of the power of the 2025 figures, these are nonetheless removed from the peaks that have been reached on the peak of the true property bubble, between 2004 and 2007, earlier than its collapse, when a couple of million have been signed. of operations yearly.

“Exceeding 500,000 mortgages places us back at 2010 levels and confirms that 2025 has been a true turning point after a five-year period dominated by high interest rates and more contained activity,” analyzes Ricard Garriga, CEO and co-founder of Trioteca. In his opinion, essentially the most placing reflection of those numbers is, nonetheless, discovered elsewhere. “In 2024, about 61,000 million euros were lent and in 2025 we have closed at 82,000 million. It is an increase of 33%, which means that not only are there more mortgages, but that the amounts financed are higher,” provides the co-founder of the Spanish Association of Mortgage Brokers (AEBH).

This nationwide mortgage growth has been sustained because of the contribution of autonomous communities reminiscent of Andalusia (98,052 mortgages constituted), Catalonia (87,011) and Madrid (73,663), which collectively account for greater than half of the full operations (51.42%). However, the territories during which, in share phrases, there was a extra pronounced variation in comparison with 2024 are Cantabria (42.8%), La Rioja (36.99%) and Murcia (28.61%), which as soon as once more exhibits that the strain skilled by massive inhabitants facilities is inflicting the quantity of gross sales – to which mortgages are related – to be increasing all through the nation.

With home costs rising because of the rigidity between low provide and skyrocketing demand, the typical quantity of mortgages has additionally been growing steadily. In 2025, the typical quantity was established at 163,608 euros, the best in 2015, when the historic sequence for this variable begins. Since then, the dimensions of the credit has elevated by 53.4%, representing round 60,000 euros.

In this final decade, rates of interest have been dancing to the tune of the selections of the European Central Bank (ECB), which determined to decrease them on 4 events and preserve them on 4 different events all through 2025. The final of those freezes was in December, which precipitated the typical fee to finish the yr at 2.93%, barely under the three.3% in 2024, the fifth most contained report since 2015. “Mortgage credit is not only active, is consolidating and the real challenge of the next cycle will be to increase the housing supply in an efficient, professional and technologically advanced way,” says Robin Decaux, CEO of Equito.

“Timid” actions

The information collected quarterly by the Ministry of Housing and Urban Agenda has as soon as once more mirrored the present rise in costs because of the lack of provide and skyrocketing demand, and the way these proceed to be regularly surpassed. If within the third quarter of final yr 2,153.4 euros have been already reached, a price that even exceeded the bubble data, the sequence has continued to develop within the final quadrant of the yr, and consultants’ forecasts warn that the curve may proceed to rise. With a quarterly variation of three.6%, this share will increase to 13.1% within the annual comparability. And within the final twelve months the value has elevated by 258 euros.

Looking forward to 2026, Garriga observes continuity within the upward development within the variety of operations, though with a related nuance. “The start of the year is being strong in volume, but we are already seeing that some entities have begun to slightly raise rates on fixed mortgages. They are timid movements, but real, and in February they have already begun to be noticed,” he warns, whereas recommending to not let our guard down. “We are still in a competitive environment, but banks are adjusting margins. Anyone thinking about buying should carefully analyze the offers and not assume that the first proposal is the best,” he says.