The average rate on new housing loans rose for a sixth month to 3.06 percent in September, Bank of Portugal data show, while new term deposits paid 1.82 percent after an eighth rise. Mixed-rate loans now make up 85.6 percent of new lending.
About 42 percent of households in Portugal were repaying debt in 2024, most often a mortgage, and the burden peaks between 35 and 44. What the corrected survey shows, and the PARI, PERSI and RACE help available if repayments slip.
Variable-rate home loans reviewed in November are repriced on October's Euribor averages. On our arithmetic, a 150,000 euro, 30-year loan pays about 89 euros more a month on the 12-month index, 44 on six months and 18 on three months.
Young buyers signed about 8,700 State-guaranteed home loans worth almost 2.0 billion euros between July and September, the Bank of Portugal says: 31.6 percent of all new permanent-home mortgages and 35.8 percent of the money lent.
The ECB left its deposit rate at 2.50 percent on Thursday, hours after Christine Lagarde said she will step down on 7 February 2027. Euribor rose on all three tenors, and Deco Proteste puts the next 12-month revision at up to 88.70 euros a month more on a typical loan.
Banks made mortgage standards slightly stricter from July to September, the Bank of Portugal's lending survey shows, and this time named its 45 percent repayment cap as one reason. Demand held steady; no further tightening is expected this quarter.
Banks valued homes they were asked to finance at a median 2,278 euros per square metre in September, up 14.2 percent in a year, INE says. The figures by region and flat size, and why the appraisal, not the price, can decide how much you borrow.
