Malaga Mortgage Market Rebounds with 24% Increase in September
Malaga, Spain - November 27, 2025 – The mortgage market in the province of Malaga experienced a meaningful revival in September, with 2,083 property-backed loans signed – a nearly 24% increase compared to the 1,683 loans recorded during the same month last year. This rebound follows a decline experienced in August.
Despite the increase in mortgage activity, the average loan amount has also risen sharply, exceeding 260,000 euros. This represents a 36% jump from the average mortgage price of under 200,000 euros a year prior.
September data positions Malaga as having the third most expensive average mortgage in Spain, trailing only the Balearic Islands (over 282,000 euros) and Madrid (263,368 euros), and surpassing Barcelona (201,000 euros) and Guipúzcoa (191,000 euros). Malaga also saw the third-largest percentage increase in average loan amounts, with a 36% rise, bested only by Cadiz (44% to 158,000 euros) and Teruel (40% to 114,000 euros).
Nationally,the average mortgage in Spain for September was 170,600 euros,a 14% increase year-over-year,with a total of 46,120 mortgages signed - up 12% from just over 41,000 in September of the previous year.
Year-to-Date Performance
From January to September, nearly 16,400 mortgages were signed in Malaga, representing a 16.32% year-on-year increase and a 1% betterment over the figures recorded up to August. However, this growth remains 5% below the 21.41% growth seen nationally, totaling almost 303,000 loans across Spain.
Malaga currently ranks as the sixth province with the highest number of mortgages signed this year,following Madrid,Barcelona,Valencia,Seville,and Alicante. September’s figures allowed Malaga to surpass Seville in mortgage activity.
the average mortgage signed in Malaga so far this year is approximately 220,000 euros – lower than the 260,000 euros recorded in September – but still the third highest in Spain,behind the Balearic Islands (almost 280,000 euros) and Madrid (just over 251,000 euros). This represents a 13% increase compared to last year’s average of under 200,000 euros.
Across Spain, the average mortgage for the year stands at 161,500 euros, a 13% year-on-year increase.Provinces like Cáceres, Ciudad Real, and Zamora report average loans below 90,000 euros.
