In 2024 there we approximately 424,000 mortgages approved in Spain, 11.2% more than in 2023.
December 2024 data showed 32,249 new mortgages, marking a 30% increase compare to December 2023. This represents the sixth consecutive month of growth, according to INE.
This recover follows 17.9% decline in 2023, though total numbers remain below 2022’s peak of 464,000 mortgages. For context, in 2006 there were 1,342,171 mortgages issued in Spain.
Credit to Afredo Bly-Dawson & INE
