The National Statistics Institute (INE) reported that mortgage signings on homes surged by 9% in March compared to the same month in 2025, totaling 46,661 loans. This figure represents the highest volume recorded for a March since 2010.

This year-on-year increase, although lower than February's (+16.3%), solidifies the upward trend with 21 consecutive months of growth in home mortgage signings. The average interest rate for these loans stood at 2.84%, down from 2.88% in February and marking its lowest value since last October (2.81%). This data brings the total to 14 consecutive months with a rate below 3%.

The average amount for home mortgages saw a year-on-year increase of 10.1% in March, reaching 174,132 euros. The total capital lent grew by 20%, exceeding 8.125 billion euros. Of these mortgages, 36.2% were constituted at a variable rate, compared to 63.8% at a fixed rate.

In the first quarter of the year, the number of home mortgages increased by 9.7%, with a 21.5% rise in the capital lent. In total, between January and March, 131,554 mortgages were signed, setting a record for a first quarter since 2011.

By autonomous communities, Catalonia (8,663), Andalusia (8,600), Madrid (7,727), and the Valencian Community (5,592) were the regions that signed the most home mortgages in March. Twelve communities registered year-on-year increases, notably Navarre (+60.4%) and Aragon (+45.4%). Conversely, Galicia (-20.7%) and Castile and León (-16.6%) experienced decreases.

The total number of mortgaged properties increased by 9.7% in March, reaching 59,531 loans. The capital granted grew by 19.6% year-on-year, amounting to 11.4787 billion euros.

Mortgages changing conditions decreased by 28.3% in March, to 10,549 operations. Novations (modifications with the same entity) fell by 25.2%, while changes in ownership (debtor subrogations) dropped by 43.7%. 82.2% of these changes were due to interest rate modifications.