[EN] Record number of fixed mortgages in Spain: almost nine out of ten firms in 2026

The fixed-rate mortgage has become the dominant option among those looking for financing to buy a home in Spain. This is reflected in a study that indicates that, in 2026, 87.81% of mortgages signed were fixed-rate, compared to 9.82% for mixed mortgages and just 0.20% for variable mortgages. The percentage represents a notable increase compared to 2025, when fixed mortgages accounted for 80.21%.

The official statistics of the INE also reflect this trend, although with more moderate percentages. In May, 60.9% of mortgages constituted were fixed-rate, compared to 39.1% of variable mortgages, a proportion that has remained between 60% and 64% since the beginning of the year. The rise in the Euribor, which closed July at 2.855%, would have reinforced this trend in recent weeks.

In fact, according to Gibobs.com, in the operations formalized during July and August, fixed mortgages represent around 92% of the signatures. The company attributes this progress to the search for stability on the part of buyers, who prefer to maintain a constant quota in the face of possible interest rate hikes and an economic scenario marked by uncertainty.

THE PROFILE OF THOSE WHO SIGN A FIXED MORTGAGE

The average profile of those who take out a fixed mortgage is 38.85 years old and allocates around 24.81% of their income to paying the instalment. The average amount financed is around 172,000 euros, for homes whose value is around 242,000 euros. The average repayment period is slightly over 27 years, with about 333 months.

Mixed mortgages have slightly higher amounts, with an average of 181,000 euros for homes valued at around 260,000 euros, while variable mortgages are much lower, with 123,500 euros of financing for homes of about 189,500 euros. In the latter, the average mortgage effort is also lower and is around 19.46% of income.

By territories, Madrid accounts for 29% of the fixed mortgages managed by Gibobs.com in 2026 and Barcelona another 19%, making both provinces account for almost half of the total. This is followed by Valencia, with 6%; Alicante, with 5%; Murcia, with 4%; and Seville and Malaga, with 3% each.

SUBROGATIONS TOWARDS THE FIXED RATE ARE ALSO GROWING

The preference for the fixed rate is also observed among those who already had a mortgage. 11% of the operations managed by the platform this year correspond to subrogations and, within them, 63.79% belong to customers who abandon a variable or mixed mortgage to move to a fixed one. The figure reinforces the trend towards greater stability and predictability in mortgage payments.