Mortgages on homes fell 3.5% in July, their biggest drop in more than two years

In July, the number of residential mortgages constituted in Spain fell by 3.5% compared to the same month in 2025, totaling 43,372 loans. Data released by the National Statistics Institute indicates this represents the largest decline in mortgage activity since June 2024.

This contraction marks a notable shift in the housing market, as the volume of new mortgage agreements reached its lowest growth point in over two years. The figures reflect the official reporting provided by national statistical authorities regarding the state of the housing finance sector during the mid-summer period.