[#ECB]() [#Euribor]() [#BankOfSpain]() # ECB rate hike pushes Spanish mortgage costs up 10 September 2026 at 17:47 > Rising interest rates and a 12% surge in Spanish house prices have increased annual mortgage repayments by over 1,000 euros for owners. The **European Central Bank** has increased interest rates to 2.50%, driving the **Euribor** index to 3.10%. For a mortgage of 178,000 euros, monthly payments have risen from 821 to 906 euros, resulting in an additional annual cost of 1,020 euros for homeowners. **Bank of Spain** records show average rates for new mortgages at approximately 3%. Variable products are currently marketed at 2.86%, while fixed-rate options stand at 3.07%. Meanwhile, one-year Treasury bills have reached yields of nearly 3% from a 2% start. Spanish housing prices have surged by over 12% this year and 70% since the post-recession lows. This contrasts with European neighbours, as German prices rose by just 1.4% while French values remained flat, highlighting significant regional market disparity. ## Related news [#Euribor]() #Mortgages [#ECB]() #EurozoneEconomy #InterestRates 29 October 2026 at 14:30 ## [Euribor expected to drop to 3.2% in October 2026]() > The primary mortgage indicator falls as the ECB balances high inflation and oil prices ahead of a potential December interest rate hike. [#ECB]() #HernandezDeCos [#SpainPolitics]() #Brussels #Eurozone 15 October 2026 at 12:05 ## [Feijóo to back Hernández de Cos for ECB presidency]() > PP leader Alberto Núñez Feijóo will endorse the former Bank of Spain governor for the top European Central Bank role at a Brussels summit. [#BankOfSpain]() [#SpanishEconomy]() [#HousingCrisis]() [#Inflation]() #EconomicForecast 9 October 2026 at 13:31 ## [Bank of Spain raises growth and inflation outlook]() > The Bank of Spain projects 2.6% growth this year while warning of a rising housing deficit set to reach one million units by 2028. [#SpainProperty]() [#RentalMarket]() [#BankOfSpain]() [#HousingLaw]() [#RealEstate]() 4 October 2026 at 08:38 ## [Individuals control 92% of Spain's rental market]() > New Bank of Spain data shows three million individuals dominate the rental sector, with 1.5 million owners holding just one property. [#SpainProperty]() [#HousingMarket]() #RealEstateNews [#ECB]() [#SpanishEconomy]() 25 September 2026 at 10:29 ## [Spanish home sales drop 5.1% in July 2026]() > Spain recorded 61,417 property transactions in July as rising interest rates cooled the market, marking a 5.1% year-on-year decline. [#SpainHousing]() [#RealEstate]() [#BankOfSpain]() [#HousingCrisis]() #ForbesSummit 24 September 2026 at 17:50 ## [Spain faces one million home deficit by 2028]() > Bank of Spain Deputy Governor Soledad Núñez warns of a growing housing shortfall as property prices outpace national income growth. [#Spain]() [#BankOfSpain]() 17 September 2026 at 16:45 ## [Spain's public debt falls below 100% of GDP]() > Spain’s debt-to-GDP ratio dropped to 99.9% in July 2026, the first time the figure has fallen below the 100% threshold since 2020. [#Inflation]() [#ECB]() 15 September 2026 at 08:44 ## [Spanish inflation hits 4.3% as oil prices surge]() > Inflation reached a three-year high in August as rising crude oil costs prompted the ECB to hike rates and the government to cut fuel duty. [#ECB]() #ChristineLagarde 10 September 2026 at 09:07 ## [ECB expected to raise interest rates to 2.5%]() > The European Central Bank is set to increase rates by 25 basis points in September as global sovereign bond yields reach 2008 levels. #Eurostat [#ECB]() 1 September 2026 at 13:21 ## [Eurozone inflation rises to 3.3% in August]() > Driven by a 14.3% surge in energy costs, Eurozone inflation reached 3.3% in August, remaining significantly above the ECB's 2% target.