The number of home mortgages constituted in December was 37,841, 17.4% more than in the same month of 2024. The average amount of these transactions was 172,535 euros, an increase of 13.5%.
The average amount of the mortgages on the total number of properties recorded in the land registries (from previous public deeds) rose by 9.9%.
For home mortgages constituted, the average interest rate was 2.87% and the average term was 25 years. 36.6% of home mortgages were taken out at a variable rate and 63.4% at a fixed rate.
The average starting interest rate was 2.82% for variable rate home mortgages and 2.91% for fixed rate mortgages.
Percentage
The total number of mortgages with changes in their conditions recorded in the land registries declined by 21.4% in December in the annual rate.
Novations (or modifications with the same financial institution) fell by 22.7% subrogations of the debtor (change of mortgagor) increased by 17.8% and subrogations of the creditor (change of lender) fell by 20.1%.
81.2% of the 8,696 mortgages with changes in their terms and conditions were due to changes in the interest rates.
The Autonomous Communities presenting the highest annual variation rates in the number of home mortgages constituted in December were La Rioja (35.3%), Castilla - La Mancha (30.6%) and Canarias (29.1%).
Principado de Asturias was the only autonomous community with a negative annual variation rate (-4.1%).
Percentage
The total number of home mortgages constituted in the whole of 2025 was 501,073, 17.8% above the previous year. Loaned capital stood at 82,044.7 million euros, up by 32.6%. The average amount increased by 12.6% to 163,738 euros.
The number of home mortgages went up in 2025 in all the autonomous communities. The largest increases took place in Cantabria (42.8%), La Rioja (37.0%) and Región de Murcia (28.6%).
Percentage
The data for 2025 are provisional and will be reviewed when the data for the same period next year are published. All results of this operation are available on INEbase.
The Mortgage 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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