According to the barometer of the May 2025 Sociological Research Center (CIS), the house is The greatest concern of the Spaniards. On the other hand, the National Institute of Statistics (INE) provides some response from the reason for that concern: housing is, by far, the Greater household expense In Spain. Buying a home implies, in most cases, to assume a mortgage of more than 30 years that places its headlines on the retirement threshold. Some ask to wear that threshold a little further.
Given the impossibility of expanding the duration of the mortgages, if the housing rises, only the amount of the quotas could be increased by aggravating the risk of defaults. The solution that real estate promoters have put on the table in the V edition of The great real estate day: 70 -year -old mortgages instead of 30 years.
Longer and longer mortgages. The price of housing, conditioned by a mismatch between supply and demand in urban areas, as well as the pressure exerted by its use as holiday renthas made the price of housing shoot. According to INE datain March 2025 the average mortgage was for an amount of 156,698 euros, while in the same month of 2024 it was 137,049 euros.
To compensate for that climb, the new mortgages that have been registering do not choose to raise their fees, but have been stretching their expiration date until they are located at an average of 24.47 years in 2023, According to data of the Bank of Spain. That is, it is increasingly common to find mortgages of 30 years or more due to the impossibility of assuming a more expensive monthly fee.
So how can it face a more than probable housing price escalation? According to the employer of promoters who met in the real estate forum organized by The economist: “Who says that 70 year old mortgages will be seen.”
Two lives to pay the mortgage. Far from assuming the remote possibility that some change in construction costs wave Urbanizable Land Liberation It can make the price of the house be contained, the proposal of the real estate promoters puts the ball on the roof of the financial system. “This will continue until the body endures. It will continue to stress until there is no payment capacity,” declared Ignacio Moreno, CEO of Aurora Homes, in The economist.
Mortgages at 70 years involves the assumption of high credit risks of the banking sector since it implies signing a 70 -year mortgage with a holder who, for obvious biological reasons, will finish paying their offspring or heirs. In addition to increasing the credit cost for customers, who would pay an overrun in interest.
With the banks that do not count. Banking entities, on the other hand, are not very motivated to increase the flow of credit for the purchase of housing due to the economic uncertainty generated by the US tariff policy.
The European Central Bank has applied successive Down in interest rates lowering the price of mortgages. That has generated an increase in the loans for the purchase of a home in what we have been in 2025. According to the INE datain March 2025, new 42,831 mortgages were signed, compared to 29,641 mortgages that were recorded in the same month of 2024. However, bank entities have not improved the conditions of their mortgage products and the average interest rate for mortgages signed in the last month was 2.97%.
Inherited mortgages. The proposal of the promoters, in fact, is already a reality in the cases of succession. Mortgages, like any other debt, are assumed by heirs When they accept inheritance. However, there are also Formulas to liquidate the mortgage Inherited using the bequeathed goods to pay off the debt (inheritance for the benefit of inventory)
In any case, when Receive an inheritanceall goods are received, but also their loads. In that context, an heir can assume the mortgage and the banking entity will reevaluate the credit risk demanding greater guarantees if its risk profile is greater than that of the mortgage holder, or better conditions if their financial situation is better.
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