The mortgage signing on homes grew strongly again in June. In the property registers, 45,907 operations were recorded, 10.8% more than during the same month in 2025 and 8.8% above May, according to data published this Wednesday by the National Institute of Statistics (INE).
The volume represents the best result recorded in a month of June since 2010 and returns the mortgage market to positive year-on-year rates after the 0.1% decrease recorded in May, which had interrupted a long succession of increases.
The growth is not limited to the number of loans. The entities granted 8,188 million euros to finance homes during June, 17.5% more than a year earlier. The capital lent, therefore, increases almost seven points more than the number of mortgages, a difference related to the growing amount of the operations.
The average mortgage reaches a historic high of 178,365 euros
The average amount is one of the most significant data in the statistics. Each new mortgage on a home reached an average of 178,365 euros, 6% more than in June 2025 and 2% above the previous month.
The amount also represents the highest average amount in the historical series, surpassing 178,000 euros for the first time. The accumulated growth since the beginning of the year is even greater: the average amount of mortgages on homes has increased by 9.8%.
The combination is relevant to measure the situation of the market. Not only are more loans being constituted than a year ago, but the amount of money needed to finance each operation is also continuing to increase.
The first half closes with 7% more mortgages
The rebound in June consolidates the positive balance of the first half of the year. Between January and June, the number of mortgages constituted on homes increased by 7% compared to the same period in 2025.
In absolute terms, during those six months, 259,684 mortgages were registered, the largest amount recorded during a first half since 2010. The data shows that the temporary setback in May did not turn into a change of trend.
The capital granted for homes presents an even more intense evolution. In the accumulated year, it increases by 17.5%, while the average amount increases by 9.8%. That is to say, the financing mobilized by the mortgage market clearly grows above the number of formalized loans.
The average interest remains below 3%
The greatest activity occurs while the cost of new mortgages remains relatively stable. The average interest rate stood at 2.96% in June, slightly below the 2.98% recorded in May. The average repayment term was 25 years.
Fixed-rate mortgages continue to be the majority. They represented 61.7% of new transactions on homes, compared to 38.3% contracted at a variable rate. In May, the proportion of fixed loans had been 60.9%.
There is also a difference in the initial price: new variable mortgages were established with an average interest of 3.07%, while for fixed-rate ones it was 2.89%. In June, therefore, contracting a fixed loan was on average cheaper initially than doing so at a variable rate.
Canary Islands and Castilla-La Mancha lead the growth
The increase in mortgages was not distributed evenly across the territory. The Canary Islands recorded the highest year-on-year increase, at 31.4%, followed by Castilla-La Mancha, at 23.2%, and the Valencian Community, at 16.1%.
Andalusia, with 15.7%; Catalonia, with 14%; and Navarre, with 12.5%, also grew above the average. Madrid recorded a more moderate increase of 6.1%.
At the opposite end are three communities where fewer mortgages on homes were established than a year before: Balearic Islands (-10.4%), Cantabria (-9.1%) and Galicia (-7.3%). Murcia remained unchanged year-on-year.
More mortgages, but also increasingly larger loans
The data from June outlines two simultaneous trends. On one hand, the volume of financing maintains high activity: the 45,907 transactions represent a double-digit increase compared to 2025 and allow closing the semester with growth.
On the other hand, the average amount is increasing more rapidly than the number of mortgages in the annual accumulated. While transactions advance by 7% since January, the capital lent grows by 17.5% and the average loan by 9.8%.
This means that the mortgage market maintains its strength, but also that households resorting to financing are taking on larger loans. The 178,365 euros of average mortgage constitute the clearest expression of that increase in the volume of financing necessary to access a home.
Mortgages are not the same as home sales
The data must be interpreted with methodological caution. The Mortgage Statistics of the INE counts the mortgages registered in property records, coming from public deeds made previously. Therefore, the 45,907 operations in June do not necessarily equate to homes purchased during that same month.
The statistics do allow for measuring the evolution of mortgage financing and observing what part of the housing demand is resorting to bank credit. The simultaneous growth in the number of loans, the average amount, and the capital granted confirms that mortgage activity continues at high levels.
June thus leaves a particularly significant picture: best mortgage data for this month since 2010, historical maximum of the average loan, and 17.5% more capital granted. Three indicators that show that financing to buy housing maintains its strength at the end of the first half of 2026.