🏦📉 Spain's mortgage market shifts focus to high-quality customers

Oneliner

Spain's mortgage market is shifting focus towards high-quality customers, with average rates at 2.61%, among the lowest in Europe. Following a Supreme Court ruling on abusive mortgage fees, banks are expected to face increased claims. As competition cools, banks are targeting individuals earning over €4,000 monthly, making expert advice crucial for those outside this profile.

Key points

• Average mortgage rates in Spain are currently at 2.61%, among the lowest in Europe.
• Banks are now targeting high-income customers, shifting away from aggressive competition.
• The Supreme Court's recent ruling on abusive mortgage fees may lead to increased claims against banks.
• Expert advice will be crucial for customers not fitting the high-quality profile.

Links

• ABC: España, paraíso europeo de las hipotecas baratas entre advertencias de la banca
• 20minutos: Las hipotecas que buscan ahora los bancos: "El foco estará en el cliente de máxima calidad"

Facts

• Average mortgage rates in Spain are currently 2.61%.
• The Supreme Court has clarified which mortgage opening fees are abusive.
• Banks are focusing on customers with incomes above €4,000 per month.
• Mortgages targeted are typically over €300,000.

Quotes

• In 2026, we will see banks very active, but the focus will be clearly on the highest-quality financial customers. — Ricardo Gulias

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