Bank of Spain fines Sabadell €16.5m over mortgages
Banco Sabadell faces a €16.5 million penalty for illegally conditioning mortgage approvals on the purchase of linked insurance policies.
Bank of Spain fines Sabadell €16.5m over mortgages · Bank of Spain raises growth and inflation outlook · Individuals control 92% of Spain's rental market
Banco Sabadell faces a €16.5 million penalty for illegally conditioning mortgage approvals on the purchase of linked insurance policies.
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.
New Bank of Spain data shows three million individuals dominate the rental sector, with 1.5 million owners holding just one property.
Bank of Spain Deputy Governor Soledad Núñez warns of a growing housing shortfall as property prices outpace national income growth.
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.
Rising interest rates and a 12% surge in Spanish house prices have increased annual mortgage repayments by over 1,000 euros for owners.