December 2025 marked a historic high for the signing of mortgages on homes in Spain, as reported by the National Statistics Institute. The total number of mortgages for the year reached 501,073, a substantial 17.8% increase compared to 2024 and the highest annual figure since 2010. This growth represents the second consecutive year of rising mortgage signings, with 2024 also experiencing an increase of 11.7%. Notably, December alone accounted for a 17.4% rise in signed mortgages compared to December 2024, continuing a streak of 18 months of increases in mortgage activity.

The average amount of mortgages taken out in 2025 was 163,738 euros, marking a 12.6% rise from the previous year. Consequently, the total capital lent by banks exceeded 82.044 billion euros, reflecting a substantial 32.6% increase over the previous year. This surge in mortgage lending indicates a thriving housing market, as more individuals and families are securing loans to purchase homes.

Furthermore, the average interest rate for these mortgages has remained below 3% for 11 consecutive months, reaching 2.87% in December. This low-interest environment is likely contributing to the favorable conditions for borrowers and the overall uptick in mortgage activity, suggesting a strong demand for housing and potentially positive economic trends in the Spanish real estate market.