Catalonia exceeds 8,500 mortgages signed in February for the first time since 2007

BarcelonaCatalonia surpassed 8,500 housing mortgages constituted in February for the first time since 2010 and has now accumulated 20 months of year-on-year increases, according to figures updated by the National Statistics Institute (INE) this Friday.

In total, Catalans signed 8,556 loans to buy an apartment or a house, 16.5% more than in February 2025, a year-on-year increase very similar to that of the previous year. On average, loans were for 188,822 euros, 7.6% more than last year and a record for the second month of the year. It is the second time since 2007 that the average capital lent exceeds 185,000 euros per mortgage in a February month.

In terms of operations, housing mortgages surpassed 8,500 for the first time since 2010, when 8,891 were signed. The 8,556 registered mortgages represent the highest figure for a February month in 16 years. In one year, 1,200 more signatures have been added, an increase of 16.46%. The monthly increase was even more pronounced, at 18.6%.

By provinces, during February Barcelona was the territory that registered the most expensive mortgages. The average amount lent is at historic highs in the Barcelona regions, above 204,000 euros for the first time in a February month. On average, the capital lent to grant a mortgage was 204,480 euros, 15,000 euros more than in the same month of 2025. In Girona, the average amount was 171,774 euros; in Tarragona, 138,189 euros; and in Lleida, 123,562 euros.

Pujades also in Spain

The total number of mortgages on homes grew at a very similar rate to the rest of the State, where 45,563 were signed, 16.3% more. The average amount of mortgages in Spain increased above the Catalan average, by 11%, and stood at 173,280 euros. Catalonia is the fourth autonomous community where mortgages grew the most, in a ranking led by Madrid, with an increase of 36.9%, followed by Castilla-La Mancha and Andalusia.

"It is a very high volume if we compare it with January," assures Ricard Garriga, CEO of the mortgage portal Trioteca, in a statement. In the same vein, Ricardo Gulias, CEO of RN Tu Solución Hipotecaria, points out that "we are in a context where more and more people are buying homes by resorting to financing".

"The average interest rate stands at 2.88%, a slight increase compared to the previous month," says Ferran Font, director of studies at the real estate portal Pisos.com. "Fixed-rate mortgages continue to be predominant, representing around 66% of the total, although they remain below the maximums reached last year." The evolution of interest rates will depend on how the Persian Gulf war unfolds and the price of energy, but it could be a brake on the mortgage market if the European Central Bank is forced to raise them significantly.