Euribor reaches 2.95%, its highest level in two years
Euribor closes August at 2.95%, the highest level since 2024, impacting variable mortgages with increased monthly payments.
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In July 2026, home sales in Spain fell by 7.7%, reaching 60,050 transactions, the largest drop in over two years.
Euribor closes August at 2.95%, the highest level since 2024, impacting variable mortgages with increased monthly payments.
The euribor closes August at 2.95%, with average mortgage payments in Málaga rising by about 108 euros monthly.
Málaga registers 12,864 mortgages in the first half, 19% more than in 2025, the best figure since 2010. June, with 2,646 signings, is the most active month since 2007.
La Palma reduces mortgage decline from 13.6% to 1% in May, according to ISTAC, confirming a widespread rebound in the Canary Islands.
7% of eurozone banks tightened their loan conditions for businesses in Q2 2026. Mortgage credit demand fell by 15%.
The Bank of Spain warns that it is not mandatory to have the mortgage account with the same bank, but urges reviewing the contract for possible binding clauses.
The Bank of Spain is considering excluding young and first-time buyers from mortgage restrictions to facilitate access to housing.
The Bank of Spain is finalising a proposal to ease mortgage restrictions for young people and low incomes to improve access to housing.