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.
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Spanish home sales drop 5.1% in July 2026 · Spanish inflation hits 4.3% as oil prices surge · ECB rate hike pushes Spanish mortgage costs up
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 rate hike pushes Spanish mortgage costs up
- Rising interest rates and a 12% surge in Spanish house prices have increased annual mortgage repayments by over 1,000 euros for owners.
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.
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.
Euribor rises to 2.95% in August 2026
- The Euribor monthly average rose to 2.95% in August, increasing mortgage costs for homeowners as the rate nears the 3% threshold.