Mortgages in Spain

Cancelling a mortgage in Spain involves more than simply settling the outstanding debt with the bank – it also requires a series of formal steps and associated costs.

For those who can manage the initial outlay, buying in Spain may now make far more financial sense than renting. We have all the details.

According to a study by idealista, 49% of the current supply of two-bedroom flats for sale in Spain is priced below the reasonable affordability threshold. In other words, they are within reach of a household on an average income that allocates no more than 30% of its earnings to mortgage repayments – equivalent to €805 per month.

Almost half of Spanish households (48.9%) owned their home outright in 2025, while a further 24.4% were homeowners with an outstanding mortgage, according to the Spanish Statistics Institute (INE).In total, 73.3% of households lived in owner-occupied housing, with or without a mortgage – the lowest

Buying a house in Spain as a foreigner in 2026 is perfectly possible, but it comes with its own admin trail: legal checks, a NIE number, a Spanish bank account and a notary appointment, usually in that order.

Buying a home in Spain in 2026 can be one of the most exciting financial decisions you make, whether it’s a sun-soaked villa on the Costa del Sol, a modern apartment in Madrid, or a traditional townhome in Valencia.

The price war to attract new mortgage borrowers has revived an old tactic: flaunting the nominal interest rate (NIR) while burying the annual percentage rate (APR) in the small print.

Making a Bizum payment to a family member or friend is already quick and common in Spain, but from 1 January 2026, Spanish banks and payment providers will no longer have a minimum threshold (previously €3,000) for card payments that must be reported to the Tax Agency (Agencia Tributaria).

One of the main challenges when purchasing a home is securing a mortgage that satisfies both your requirements and those of the lender.

Are you a non-resident looking to buy property in Spain? Whether it’s a holiday home or an investment, understanding your mortgage options as a non-resident is essential before making a purchase.

Germans are playing an increasingly prominent role in the Spanish property market. In 2024, they were the third-largest group of foreign property buyers in Spain and also ranked third in terms of the highest average purchase prices.

Spain is a dream destination for property buyers, offering an affordable and desirable blend of sun-soaked beaches, vibrant cities, and charming countryside retreats.

Spain has long been a dream destination for property buyers seeking sunny skies, beautiful beaches, and a laid-back lifestyle, whether looking for a second home, quiet spot for retirement or an investment opportunity.No matter the reason for your purchase, understanding the Spanish mortgage system i

Buying property in Spain is a dream for many, whether as a holiday home, retirement spot, or investment.

Understanding how to get a Spanish mortgage is essential when purchasing your dream property in Spain. Whether you’re buying a holiday home, relocating, or investing, the process is an exciting but often daunting one.

Whether you’re looking for a second home, an investment property, or planning to relocate to Spain, understanding the mortgage process, and what is affordable, is key.

Understanding the mortgage rates in Spain is important for anyone looking to move to, or buy property in, one of Spain’s many popular towns and cities.

Sixty per cent of Spaniards find it "hard or very hard" to take out a mortgage, according to the Unión de Créditos Inmobiliarios (UCI), a joint venture between Banco Santander and BNP Paribas.

Renting a two-bedroom property costs 83% more than the mortgage payment required to purchase the same home. However, buying needs a down payment of €48,480, according to a study published by idealista.

Spain stands out as one of the world’s most attractive destinations for non-resident foreigners, thanks to its favourable climate, delicious cuisine, high-quality public services, and relatively affordable property prices. In the past two years, over 250,000 homes have been purchased by foreign nat

When two married people buy a house, they usually take out a mortgage loan together. But what happens if the marriage breaks up, and who should pay the mortgage if they divorce?

Modular houses are becoming more and more common in Spain. Not surprisingly, they're built quickly and are also usually cheaper than traditional houses. Requesting a mortgage from a bank is one way to finance a prefab house, although it's worth keeping in mind that they have some particularities.

If you are planning to move to Spain, you should first run a basic checklist, and by doing so, you are sure to get through the whole process smoothly.

Buying a flat is one of the most important decisions anyone will ever make. Finding one that you like, that is located where you want and, above all, that you can afford is an uphill battle.

The transparency report is the notarial document that aims to certify that Real Estate Credit Law requirements have been met, by which individuals know and understand the scope and conditions of the mortgage they are subscribing to. It has been in force since June 2019 and is the way for notaries to help and advise individuals in a personal and impartial way before signing anything.