Germans are outspending the British in Spain for mortgages as demand from abroad continues to rise 

In the first quarter 2025, Germans have overtaken Brits when it comes to applying for mortgages.

The property portal has provided figures on the market Idealist In the UK, 14.2% of mortgages were applied for by UK nationals.

The total number of foreign buyers in Spain is 3.6%.

READ MORE

Between January and March, applicants from Switzerland accounted for 8.7% of all applications. Americans accounted for 7.7%.

It is important to note that the word “you” means “you”. Idealist In the total of 3.6%, there are 7.5% French people and 6.9% Dutch. Then comes Ireland (4.4%), Belgians (4%) Italians (2%) & Swedes (1.9%).

German leadership is expected to be significantly higher in 2025 than last year when it was 0.6% behind the UK.

Another trend showed a rise in the number of purchasers from Switzerland and United States, with a decrease for the Netherlands. French buyers remained steady.

Germans also stood out for mortgage loan application amounts being lower than the average at around €148,946.

In contrast the Swiss and American average came in at over €200,000.

It is mainly due to the average income. With more money in their pockets, Americans and Swiss are seeking a larger mortgage.

Idealist The average age of foreigners applying for mortgages ranges between 40-42 years old, while Germans are at 30 years.

The amount of funding requested depends on the country. However, it is usually close to 74% for all foreigners.

German buyers are required to pay an average 73% of the purchase price, while French buyers may require up to 76%.

Non-Spaniards are the most interested in coastal areas.

Valencian Community is the top regional region with 26,8% of interest on foreign mortgages, followed by Andalucia (21.1%) and Catalunya (14,5%).

Most foreign buyers apply for fixed-rate mortgages, which account for 84%.