The 12-month Euribor averaged 3.239% in October 2026, about a point higher than a year ago. On that basis, a Spanish bank will lend you enough for the payment to stay within 30–35% of your net income and usually up to 80% of the price (70% if you do not live in Spain): on €2,800 net a month, about €205,000 over 30 years.

Euribor at 3.239%

The 12-month Euribor averaged 3.239% in October 2026, up from 2.187% in October 2025. At the start of the year it was below 2.3%. A higher Euribor raises variable-rate payments and reduces how much the bank can lend you on the same income.

The two questions the bank asks

Before you start viewing, it helps to know how the bank does the maths. It asks two questions, and the lower answer wins:

• How much can you pay each month? The usual benchmark is that the payment, plus your other debts (loans, cards, car finance), should not exceed 30–35% of the household’s net income.
• What is the property worth? For a main home, banks usually lend up to 80% of the value (the lower of the purchase price and the valuation). For a non-resident buyer, 70% is the usual maximum, and some lenders stop at 60% or even 50%.

The bank also looks at stability: type of contract and time in the job, your age when the mortgage ends, and whether one or two people are buying.

A worked example

A household with €2,800 net a month and no other debts can put about €980 towards the mortgage (35%). Over 30 years at 3.99% (October’s Euribor plus a 0.75% margin, as an example), that means borrowing about €205,500: 80% of a property of around €257,000.

But the bank does not finance taxes or fees. For a €250,000 resale property in the Valencia region you will need roughly:

Often the limit is not your income but your savings. That is why it pays to run the numbers before you fall in love with a property.

Under 35?

In the Valencia region two schemes can change the numbers a lot for first-time buyers: reduced transfer tax and the IVF guarantee, which lets the bank lend up to 100% of the price. We explain both in our guide First home in Alicante: 2026 taxes and aid explained.

What it means for you

If you are buying: find out how much you could borrow and how much you need saved before you start viewing. You will negotiate with more confidence, avoid homes that are out of reach and be ready to move quickly when the right one appears.

At Costa Prime we offer a free mortgage affordability check for one or two buyers: maximum mortgage and price, monthly payment, savings needed, any schemes you may qualify for and, if it is not viable yet, what would make it viable. You receive a PDF report. It is indicative: the final decision rests with each bank.

Frequently asked questions

How much do I need to earn for a €200,000 mortgage? Over 30 years at 3.99%, the payment is about €954 a month. To keep it within 35%, the household would need around €2,725 net a month, with no other debts.

Will the bank lend me 100%? Usually not: 80% is standard for a main home. Buyers under 35 who meet the IVF guarantee requirements can reach 100% of the price, but the buyer still pays the taxes and fees.

Can I get a mortgage if I do not live in Spain? Yes, but banks usually lend 70% at most and ask for more paperwork (income in your home country, an NIE, a Spanish bank account). You will need a larger deposit.

See our apartments in Benidorm under €250,000, flats for sale in Benidorm or property for sale in Alfaz del Pi and Albir.

Want to know whether you can buy? Ask for your free mortgage affordability check: call us on +34 965 064 440 or message us on WhatsApp on +34 601 868 660. We specialise in Alfaz del Pi, Albir, La Nucía, Altea, Benidorm and Finestrat, with our office in Albir (Alfaz del Pi).

Sources: Euribor Diario (03/11/2026) and idealista (Euribor 2026); El Español (28/05/2026, IVF guarantee); Guía Fiscal (ITP Valencia region 2026); Onda Vasca (17/09/2025, Bank of Spain); Rastreator (non-resident mortgages).