Mortgage payments rise €52.19 per €100,000 borrowed

A mortgage payment rises by €52.19 a month for every €100,000 borrowed in the second quarter of 2026, taking the average monthly payment to €842.12. The increase makes buying a home harder, according to Asufin’s quarterly housing access index, reported from Madrid on 9 November.

The average interest rate on fixed and variable mortgages climbs to 2.96%. Monthly repayments now take up 35.30% of the average monthly wage, up from 33.11%. Asufin says higher interest rates, larger loans and demand from foreign buyers are all adding pressure.

Its index reaches 106.86 points for April to June, more than five points above the previous quarter. Foreign buyers account for 15.98% of home purchases in the quarter, the highest share in the recorded series. Their roughly 26,800 purchases are up 11% on a year earlier.

New housing offers some relief. Approvals for 24,991 new homes are up 9.3% from a year before, though Asufin says the other factors in its index continue to make buying harder.

Topics: Housing

Source: Europa Press / Mallorca.com