Santander · report
Affordability in Santander
At the average appraised value, a 90 m² home costs €239,607. With 10% down and a 30-year mortgage, the payment is €914 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 26%
- Payment, one income
- 51%
Try your own numbers
Starting from the average appraised value of €2,662/m² in Santander, a median income of €21,350 a year per consumption unit (2024, Santander) and a mortgage rate of 3.0% (August 2026).
The payment takes 26% of income. Spain sets no limit on it.
- Home price
- €239,607
- Monthly payment
- €909
- Share of net income
- 26%
The mortgage payment as a share of income, year by year
A 90 m² home with 10% down over 30 years, at each year's average price and rate, against one and against two of that year's median incomes.
- Two median incomes
- One median income
Show the numbers
| Period | Two median incomes | One median income |
|---|---|---|
| 2024 | 21.5% | 42.9% |
| 2023 | 21.8% | 43.7% |
| 2022 | 16.9% | 33.8% |
| 2021 | 16.1% | 32.3% |
| 2020 | 16.1% | 32.1% |
| 2019 | 17.0% | 34.0% |
| 2018 | 17.9% | 35.8% |
| 2017 | 18.5% | 37.0% |
| 2016 | 17.6% | 35.2% |
| 2015 | 18.3% | 36.6% |
Spain against the EU
Share of people spending over 40% of their disposable income on housing, then the rest of Eurostat's survey of living conditions. These are national figures, shown here as context.
- Spain
- EU
Show the numbers
| Year | Spain | EU |
|---|---|---|
| 2025 | 7.2% | 7.7% |
| 2024 | 7.8% | 8.2% |
| 2023 | 8.2% | 8.8% |
| 2022 | 9.2% | 8.7% |
| 2021 | 9.9% | 8.7% |
| 2020 | 8.2% | 7.8% |
| 2019 | 8.5% | 9.4% |
| 2018 | 8.9% | 9.6% |
| 2017 | 9.8% | 10.1% |
| 2016 | 10.2% | 10.9% |
| 2015 | 10.3% | 11.2% |
| 2014 | 10.9% | 11.5% |
| 2013 | 10.3% | 11.6% |
| 2012 | 10.7% | 11.5% |
| 2011 | 10.0% | 10.6% |
| 2010 | 9.7% | 10.0% |
| Share of people who | Spain | EU |
|---|---|---|
| Spend over 40% of income on housing | 6.3% | 7.7% |
| … nationals (adults) | 4.4% | 7.1% |
| … citizens of another EU country (adults) | 17.1% | 15.2% |
| … non-EU citizens (adults) | 38.0% | 18.1% |
| Live in an overcrowded home | 12.7% | 16.8% |
| Own their home outright | 39.7% | 43.7% |
| Own with a mortgage | 31.5% | 24.8% |
| Rent at market price | 16.3% | 20.8% |
| Rent at a reduced price or free | 12.5% | 10.7% |
Income is INE's median income per consumption unit, from tax records: a household's net income divided by its consumption units, so one income is a single adult's. Spain sets no limit on the payment as a share of income: the Banco de España has the power to set one and has not used it, and the law requires lenders to assess solvency instead.
Other reports for Santander
Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €923
- Owning per month
- €848
Figures for Cantabria province: Santander has no reliable figures of its own.
60.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 1,491
Figures for Cantabria province: Santander has no reliable figures of its own.
Buyers living abroad bought 1.3% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.3%
Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q3 2007.
- Deepest fall
- −40.8%
- Recovery from the low
- 126 months
8.3% of the 93,407 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 8.3%
- Empty homes
- 7,731