On September 28th, the INE published its provisional data for mortgages registered in July 2026. In Spain, 43,372 mortgages were registered on homes—a 3.5% decrease from a year earlier. The average mortgage amount was 180,785 euros, 10.9% higher, and the initial average interest rate stood at 3.01%. These are three different figures—none of them alone tells you how much it will cost to finance the house you are considering on the Costa Blanca.
What the INE reports and what it leaves out
The statistics record mortgages that have been formalized and registered in property registries. The month of registration may be later than the signing of the deed. The average amount refers to the loan principal, not the purchase price; the average rate is a mean of recorded transactions, not an offer available to any buyer today. Additionally, the 2026 results are provisional and may be revised.
According to the INE, 62.3% of mortgages on homes were fixed-rate and 37.7% were variable-rate. This distribution describes what was recorded in July. It does not decide which option best suits your financial situation, nor does it predict future rate trends.
From the national average to a specific property
In Orihuela Costa, Torrevieja, or any other area, your mortgage will depend on the price of that particular home, your own resources, your income, the loan term, the appraisal, and the conditions offered by each bank. A higher national average does not mean every home has become more expensive—the types of operations included can change.
Before reserving a property, it is advisable to organize your entire budget: deposit, taxes and purchase expenses, potential renovations, and a buffer for unexpected costs. Our buyers’ guide helps you plan each step; in the financing section, you can explore how a sample monthly payment changes according to your own details.
Three useful questions when comparing offers
- How much financing do you truly need, and how much of your own funds will remain after the purchase?
- What monthly payment, total cost, term, and conditions does each bank offer? Also compare the APR and linked products, not just the initial nominal rate.
- If you’re considering a variable rate, could you manage a higher monthly payment? If you prefer a fixed rate, what total cost are you willing to accept in exchange for that stability?
At MAYRASA, we prefer to start with your actual home and budget, giving you time to review figures and documents before making a decision. Statistics provide context; a personalized bank offer gives you a clear comparison based on your individual situation.
Source and scope: INE Mortgage Statistics, July 2026, published September 28, 2026. This article is for general information and does not constitute personalized financial, tax, or legal advice, nor an offer of financing.
