The number of home mortgages constituted was 43,372 in July, 3.5% lower than the same month in 2025. The average amount of these transactions stood at 180,785 euros, an increase of 10.9%.
The average amount per mortgage divided by the total number of properties registered in the land registers (from previously executed public deeds) rose by 20.0%.
For home mortgages constituted, the average interest rate was 3.01% and the average term was 26 years. 37.7% of home mortgages were taken out at a variable rate and 62.3% at a fixed rate.
The average starting interest rate was 2.97% for variable rate home mortgages and 3.03% for fixed rate mortgages.
Percentage
The total number of mortgages with changes in their conditions recorded in the land registries decreased by 18.6% in July at an annual rate.
Novations (or modifications with the same financial institution) fell by 19.3%, subrogations of the debtor (change of mortgagor) by 19.6% and subrogations of the creditor (change of lender) by 3.8%.
82.0% of the 10,926 mortgages with changes in their terms and conditions were due to changes in the interest rates.
The Autonomous Communities with the highest annual variation rates in the number of mortgages on dwellings in July Illes Balears (8.6%), Principado de Asturias (8.1%) and Galicia (7.1%).
Meanwhile, the regions that showed the greatest declines were Cantabria (-26.9%), Aragón (-20.5%) and La Rioja (-19.7%).
Percentage
The data for 2026 are provisional and will be reviewed when the data for the same period next year are published. Coinciding with today's publication, the INE has updated the data for the Mortgage Statistics series for the months of July to December 2025, as well as the annual data for 2025. All results of this operation are available on INEbase.
The Motgage Statistics provide information on constitutions of mortgages, that is, on the number of new mortgages constituted on real estate properties during the reference month and the amount of new mortgage loans corresponding to said mortgages. Since 2006, information on mortgage changes and cancellations is published. All this information is broken down on the basis of various variables, such as the nature of the mortgaged property or the lending institution.
All the information on constitutions, changes and register cancellations of mortgages is obtained from the information contained in the Land Registers of the entire national territory, by virtue of a collaboration agreement signed in 2004 between the two institutions. In order to facilitate comparisons, the data for 2003 are presented according to both the old and the new base.
More information in the methodology and the standardized methodological report.
INE statistics are produced in accordance with the Code of Good Practice for European Statistics. For more information see the section on Quality at INE and the Code of Best Practices on the INE website.
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