At aProperties, we closely monitor the evolution of the financial market, as the actions of the European Central Bank (ECB) have a direct impact on housing market behavior and our clients' purchasing decisions.
On October 30, the ECB decided to maintain interest rates at 2%, marking the third consecutive meeting without changes to the price of money. With this measure, the European institution confirms that it considers its current monetary policy appropriate, opting for stability rather than further adjustments.
A sign of moderation in the mortgage market
From our perspective, this decision marks a turning point: the end of the mortgage euphoria cycle we have experienced in recent years. After a period of strong dynamism, with historically low rates and a significant increase in mortgage lending, the market is beginning to normalize.
Experts predict that the Euribor—the benchmark for most variable-rate mortgages—will remain around 2%–2.2% in the coming months. This implies a stabilization of mortgage payments and fewer incentives for new mortgages, especially among those most sensitive to interest rate changes.
Greater Selectivity and a New Balance
We also observe that financial institutions are tightening their lending criteria, which points to a more selective and balanced market. This trend strengthens the system and promotes more sustainable and considered purchasing decisions.
In the residential market, this moderation does not translate into a loss of interest. At aProperties, we continue to see strong demand in prime locations such as Barcelona, Madrid, the Balearic Islands, and the Costa Brava, where buyers—both domestic and international—primarily seek quality, location, and long-term value.
2026: A Year of Consolidation
Looking ahead to 2026, we expect a year of consolidation. Stable interest rates will foster a more predictable environment for buyers and investors, leading to more rational transactions focused on the true value of assets.
This period of greater equilibrium presents an opportunity for all stakeholders in the sector: buyers, investors, and agents. A more measured and stable market allows for strategic, long-term decision-making, which aligns perfectly with our philosophy of providing personalized, rigorous, and transparent advice.
We believe that the end of the mortgage boom should not be interpreted as a slowdown, but rather as a maturation of the real estate market. Financial stability provides fertile ground for continuing to build trusting relationships and helping our clients find the home or investment that best suits their goals.