The average monthly installment for primary home mortgages reached 450 euros in September, the highest value since the data series began in 2018. This represents a 9% year-on-year increase, according to the Bank of Portugal.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
It's free, with no signup and no app to download.
Read today’s briefingThe Council of State is meeting today, 2 November, to discuss social cohesion, with debates likely to be dominated by the recent police interventions during housing protests.
The Minister of Infrastructure and Housing stated he is open to negotiating housing policy proposals with the party Livre, following their inquiry during the State Budget 2027 debate. While the government maintains its existing housing agreement with the Chega party, the Minister highlighted that 47,000 non-PRR (Recovery and Resilience Plan) homes are currently funded for 2027, with over 11 billion euros mobilized for public housing construction and rehabilitation through 2030.
Protesters advocating for the right to housing are returning to Rossio in Lisbon this evening, 2 November, to mark what they consider a victory following recent demonstrations.