Mortgage applications plunge 40% in Spain, according to the ECB

FinanceInternationalEL PAÍSOct 28, 2026, 12:55 AM35 s readAI summary

Rising mortgage costs and tighter conditions have caused a collapse in lending across the eurozone, with Spain at the forefront. According to the European Central Bank, lenders recorded a 40% drop in mortgage applications, compared with 30% in the previous quarter and 27% for the European average. The increase is mainly attributed to the rise in official interest rates: banks did not raise requirements for customers, but they did raise the cost of contracting a loan.

In 35 seconds

The ECB records a 40% drop in mortgage applications in Spain
The decline exceeds the 30% of the previous quarter and the 27% European average
The rise in costs is attributed to higher official interest rates

Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

hipotecas
BCE
tipos de interés
vivienda
España

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Mortgage applications plunge 40% in Spain, according to the ECB

In 35 seconds

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