Economy

Mortgage demand falls as Spain's housing market slows

Mortgage demand falls as Spain's housing market slows RUSSPAIN.com © russpain.com
Mortgage demand falls as Spain's housing market slows © russpain.com
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 becoming clear.

The annual fall was the sharpest since June 2024, Spain's National Statistics Institute, or INE, reported. The decline varies across the country.

Lending is still rising in some regions. Other areas are already seeing a marked decline.

Richard Reid RUSSPAIN.com
Editor

Richard Reid

Richard Reid is the News Editor at RUSSPAIN.COM. He oversees editorial standards, source review and corrections and writes across general news, including politics, economics and social affairs.