Mark Stücklin
Mortgage lending increase, rates eased, and fixed-rate mortgages roared back in H1 2025 — a clear sign that Spain’s financing climate is humming along.
Spain’s mortgage market had a good first half of 2025. New lending jumped sharply, average rates fell back from last year’s highs, and buyers returned to fixed-rate products in large numbers.
With loan volumes up almost 20%, average rates down, and two-thirds of borrowers choosing fixed deals, the financing environment looks noticeably healthier than it did just a year ago. The shift has been helped by a softer Euribor and a renewed appetite for buying in key markets.
If you want to see the full picture — including ten-year trends in fixed vs variable borrowing, long-term interest-rate movements, and how today’s financing costs compare to the past decade — you can read the complete H1 2025 Spanish mortgage market report here:
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