Spain recorded 43,372 home mortgages in July. Annual lending fell 3.5% as higher prices and financing costs began to slow the property market.
Banks registered 43,372 home loans in Spain in July. That was 3.5% fewer than a year earlier and 5.5% below June's total.
Higher home prices and financing costs are weighing on buyers. The slowdown is clear.
The annual fall was the sharpest since June 2024, according to Spain's National Statistics Institute, or INE. The drop is uneven across the country.
Lending is still rising in some regions. Other areas are already seeing a marked decline.
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