According to idealista/hipotecas, Germans are the foreigners who most frequently apply for mortgage loans in Spain. In the second quarter of 2026, they accounted for 15.6% of mortgage applications from non-resident foreigners, the largest share of any nationality.
Britons followed with 10.6%, then Swiss applicants at 9.4%, French applicants at 9.1%, Dutch applicants at 8.3%, Americans at 5.9%, Irish applicants at 4.5%, Belgians at 3.6%, Swedes at 3.6%, and Italians at 2.3%.
Non-residents account for 3% of mortgage demand
Overall, mortgage applications submitted by non-residents represented 3% of demand between April and June.
Of these, 81.8% were for purchasing a primary home, 8.9% for a second home, and 4.5% for improving the conditions of existing mortgage agreements.
Non-residents also accounted for 3% of completed transactions handled by idealista’s mortgage broker in the second quarter.
Among completed financing operations, 84.5% were intended for the purchase of a primary residence, 6.9% for improving the conditions of existing loans, and 4.8% for buying a second home.
The Valencian Community leads foreign applications
The vast majority of non-resident mortgage applications for home purchases come from Spain’s Mediterranean coast.
The Valencian Community accounts for nearly one-third of demand, at 32.3%, followed by Andalusia at 19.9% and Catalonia at 14%.
Other significant regions include the Community of Madrid at 6.5%, the Canary Islands at 6.3%, the Balearic Islands at 5.8%, and Murcia at 5.4%.
The remaining autonomous communities account for less than 2% of the total.
Foreign interest in the coast contrasts with mortgage demand from local buyers, where the main centres are Madrid at 16.7%, Barcelona at 13.1%, Valencia at 7.8%, and Alicante at 5.6%.
The average purchase price for non-residents is above the national average
According to the report, the purchase price requested by non-residents stands at €265,093, 3.6% above spring 2025 levels and above the national average of €207,569.
However, almost 70% of applications concern amounts below €200,000, while only 2.7% of financing requests are aimed at purchasing property in Spain worth more than half a million euros.
Foreign applicants’ income is twice the national average
As for the disposable income of foreigners applying for a mortgage, almost half exceed €6,000 per month.
The average figure in the second quarter of 2026 was €6,779, twice the national average of €3,385 per household.
There are, however, significant differences depending on nationality.
Applicants from Switzerland stand out in particular, with an average of more than €9,300 per month per household, followed by applicants from the United States at €8,514.
Also in the upper part of the ranking are citizens of the United Kingdom at €6,977, Ireland at €6,669, and Sweden at €6,601.
Applicants from Germany and the Netherlands are below the €6,600 per month mark, while the three countries with the lowest averages are Belgium at €5,889, France at €5,845, and Italy at €5,249.
Requested financing has fallen
At the same time, the share of financing requested for home purchases fell to an average of 68%, compared with 71–75% in previous quarters.
The debt burden also fell, as mortgage payments represented 23% of income—the lowest figure in the past year and 4% lower than in the first three months of 2026.
Completed transactions show a higher buyer profile
The idealista study also analyses the income, purchase price, and average debt level of non-resident foreigners who ultimately sign a mortgage loan.
These figures are significantly higher than the average values for applications submitted by foreigners as a whole.
For example, average household income reaches €10,320 per month, while the price of the property purchased approaches €403,000.
The loan amount is around €235,000, which in this case represents a 15% increase compared with the previous year.
Both the purchase price of the homes and the mortgage amounts reached the highest levels in the historical series of idealista’s mortgage broker, which began operating in 2022.
As for the average age of non-resident foreign borrowers, completed transaction data place it at 41 years—three years younger than the average applicant.
Average financing stands at 62% of the purchase price, while the debt burden is 24%.
Only 12.8% of contracts have a loan-to-value ratio of between 70% and 80%.
Fixed-rate loans are the clear market leaders, accounting for 85% of transactions. Among non-residents, variable-rate mortgages were not represented in the second quarter.