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Mortgages

Economy

Crédito à Habitação Climbs to €115 Billion at April Close — 10.7% Year-on-Year Print Is the Fastest Mortgage-Stock Lift Since February 2003 as the Garantia Pública Jovens 100% LTV Window Powers the Acceleration

BdP's April 2026 print puts the mortgage book at €115B, up 10.7% YoY — the fastest pace since February 2003. The Garantia Pública Jovens 100% LTV window for under-35s drives the lift. The May Financial Stability Report flags residential property as the system's main internal risk.

Economy

INE Bank-Housing Appraisal Median Carries to a Record €2,174/m² in April 2026 — 16.5% Year-on-Year Lift Across 34,483 Valuations, Apartments at €2,546/m² (+21%) and Single-Family at €1,561/m² (+12.7%)

INE's April 2026 housing-appraisal release on Wednesday 27 May lifts the national median to a record €2,174/m² — €23 above March (+1.1%) and 16.5% YoY across 34,483 valuations. Apartments hit €2,546/m² (+21%), single-family €1,561/m² (+12.7%); Grande Lisboa leads at €3,352/m².

Euribor

Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.

Banking

Banks Lend Households €4.057 Billion in March 2026 — First Print Above Four Billion in the Banco de Portugal Series Since January 2003, Mortgage Rate Eases to 2.81% and Term-Deposit Rates Post the Biggest Monthly Jump in Two and a Half Years

BdP's March release puts new household loans at €4,057 million — the first print above four billion since the series began in January 2003. Housing leads at €2,238M, the new mortgage rate eases to 2.81%, and term-deposit rates post their biggest jump in 2.5 years.