The Euribor is the index that determines the payment of millions of variable mortgages in Spain. In 2026, after the historic highs of 2023 and the subsequent decline, the market is experiencing a stabilization period that opens opportunities for both new buyers and those who already have variable mortgages.
What is the Euribor exactly?
The Euribor (Euro Interbank Offered Rate) is the interest rate at which European banks lend money to each other. It is the benchmark for most variable mortgages in Spain. It is reviewed daily and published monthly.
How does it affect your monthly payment?
Example: €200,000 mortgage over 25 years
- With Euribor at 4%: payment ~€1,055/month
- With Euribor at 2%: payment ~€848/month
- With Euribor at 1%: payment ~€754/month
Difference between max and min: ~€300/month = €3,600/year
What to do if you have a variable mortgage?
Duplo Capital's recommendation
Each situation is unique. Duplo Capital analyzes your current mortgage and tells you exactly whether you should keep the variable, switch to fixed or mixed, or make early repayments.
Is your variable mortgage costing you too much?
We analyse your mortgage and propose the best alternative, without overpaying.
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