The average rate on Portuguese housing loans rose for a fourth month to 3.194 percent in September, and interest took 213 euros of the 423 euro average instalment. New loans cost 757 euros a month. What INE's figures mean for variable-rate borrowers.
A Treasury order published on 20 October tops up the state bank's share of the guarantee that lets under-35s borrow the full price of a first home. Público says less than 70 million euros of the 2,300 million ceiling is left to allocate.
The Bank of Portugal's first look at mixed-rate loans leaving their fixed period: about 20 percent of 2023 contracts were renegotiated near the switch to Euribor, often for a new fixed rate. With fixed periods near two years, many more borrowers are close behind.
A senior Revolut executive tells Lusa the app wants to offer everything a traditional bank does, but home loans need local adaptation and there is no date. The focus in Portugal is deposits.
Chega's bill would remove the 0.5 percent charge banks can levy on early repayments, which returned in January after a three-year suspension. It passed at first reading and still faces committee and a final vote.
September's climb in Euribor rates feeds into every variable-rate loan reviewed in October. Borrowers on the 12-month index are hit hardest, with a rise of about 14 percent on a 150,000 euro mortgage.
INE counted 34,053 appraisals in July. Apartments reached €2,627 a square metre and houses €1,606, with the Setubal peninsula up 20.4 percent on the year and no region falling. Grande Lisboa sits 51.7 percent above the national median.
