According to a recent statement from Qualis Credit Risk, this figure remains similar across the main provincial areas. In Las Palmas de Gran Canaria, the required savings amount to 47,249 euros (a 7.46% increase), while in Santa Cruz de Tenerife, it stands at 47,041 euros (also a 7.46% rise).

Nationally, the average savings needed for a down payment on a property in Spain is 48,031 euros, a 9% increase from the previous year. This amount represents, on average, 27% of the total sale price, according to the company's study.

The provinces with the highest savings requirements are Balearic Islands (87,126 euros, +10.6%) and Madrid (82,952 euros, +12%). In contrast, Ciudad Real (19,803 euros), Jaén (20,086 euros), and Zamora (21,621 euros) show the lowest figures.

Financial institutions typically finance up to 80% of the property's value, requiring the buyer to cover the remaining 20% as a down payment. A spokesperson for Qualis Credit Risk noted that "there are thousands of potential buyers who, while having the financial solvency to afford the loan installments, do not have sufficient savings to cover the down payment."

The analysis also reveals that a significant portion of this initial outlay is not directly allocated to the property purchase, as in many areas of Spain, between 30% and 31% of the necessary savings correspond to taxes and operation formalization costs.

Qualis Credit Risk emphasizes the "need" to facilitate access to mortgage credit to promote housing access, in a context where the average age of emancipation remains high. The study was based on data from the Ministry of Housing and considers a typical 80-square-meter second-hand property.