Spain mortgage guide
Spain Mortgage Rates 2026
Indicative Spain mortgage rate bands as of 2026: fixed-rate products around 3.5–4.5%, variable-rate products at Euribor + 0.75–1.5%. Non-resident foreign-buyer pricing is typically 0.25–0.75 percentage points above resident pricing. Actual rates vary by lender, profile, LTV and product type — this page explains the structure so you know what to expect before talking to a broker.
Fixed-rate mortgages (3.5–4.5% indicative)
Predictable monthly payment for the life of the loan. Often preferred by foreign buyers who want certainty and are pricing in a long-term hold. Foreign-buyer pricing usually sits at the upper end of the band.
Variable-rate mortgages (Euribor + 0.75–1.5%)
Rates linked to a reference index — almost always 12-month Euribor — plus a spread. Payments adjust annually. Cheaper when Euribor is low; higher monthly volatility.
Mixed-rate mortgages
Fixed for an initial period (typically 5–10 years), then variable. Common for buyers seeking short-term payment stability with flexibility later.
Frequently asked questions
What is a typical Spanish mortgage rate in 2026?
Indicative fixed rates sit around 3.5–4.5% for foreign buyers; variable rates around Euribor + 0.75–1.5%. Confirm current bands with a regulated broker as the market moves.
Are rates higher for non-residents?
Usually yes — non-resident pricing is typically 0.25–0.75 percentage points above resident pricing for an equivalent profile.
Is fixed or variable better?
Neither is inherently better. Fixed gives certainty; variable is cheaper when Euribor is low. The right choice depends on profile, time horizon and risk tolerance — discuss with a regulated broker.
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