Remote notarisation is now possible in Spain
Remote notarisation is now possible in Spain

Europe's cross border mortgage market: trends, predictions, and success factors

Mortgages for non-residents are a key focus for banks in Spain, Portugal, Romania, and Greece. Discover the latest trends and insights in Europe's cross-border mortgage market in the Homevest report, a step towards Homevest's goal of borderless mortgages.

Delia Mihuț
Written by: Delia Mihuț
Published at 2023-11-21
Last updated on 2024-04-15
Readtime 2 minutes

There is tremendous potential in the cross-border mortgage market in Europe, with Spain, Italy, and France representing half of the market for cross-border property.

What will happen in the next 10 years and what are the predictions? 

Read the Homevest report for insights from a survey with 20 EU banks about the cross-border mortgage market. The survey has been supplemented with desk research and interviews with Homevest collaborators.

Navigating the cross-border mortgage market: an overview

Cross-border property is a €54 Billion market and Spain, Italy, and France represent half of the market for cross-border property. 

Cross-border mortgages represent an €11 billion market. In these transactions, Spain leads with the highest financing rate, financing 38% of the turnover. 

Mortgages for non-residents hold significant importance for most banks in Spain, and the same can be observed for financial institutions in Portugal, Romania, and Greece. 

Opportunities and challenges in Europe's cross-border mortgage market

Banks in Spain, Portugal, Greece, and Romania also demonstrate the greatest eagerness to expand in this sector in the coming year.

A key benefit for banks in serving non-residents is engaging with a low-risk customer segment, as these clients often have larger deposits and higher incomes.

Spain's mortgage market success: key drivers 

The success in Spain's non-resident mortgage market is attributed to specialized banking services, a supportive regulatory environment, competitive interest rates, and a strong network of professional services, including legal and real estate experts.

The MCD review is expected to play a key role in simplifying cross-currency lending and in allowing passporting for nonbank lenders.

Homevest’s mission is to make mortgages borderless. This report is part of that effort. 

If you're interested in a comparative analysis of mortgages in Spain and Portugal for non-residents, check out the main requirements, pros and cons, as well as the interest rates offered.


We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.

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