The 6-month Euribor rose to 2.990% and the 12-month rate rose to 3.262% on Tuesday, 27 October. The 3-month rate fell to 2.618%.
This update is from Bica
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A study by the Portuguese insurance and pension fund regulator (ASF) reveals that 45% of Portuguese citizens are saving for retirement. Among those saving, 42% rely on bank deposits, while 17% have invested in real estate, excluding their primary residence.
The Left Bloc (BE) municipal group in Porto has submitted a formal request for information to the Municipal Assembly regarding recent police and municipal cleaning operations at the housing protest in Praça D. João I. The request seeks details on the coordination between municipal authorities and the PSP, the use of batons by municipal officers, the disposal of personal property belonging to protesters, and the legal framework for the interventions conducted since 12 October.
In September, the median bank valuation for housing rose by 14.2% compared to the previous year, reaching 2,278 euros per square meter. Despite a slight slowdown in the annual growth rate from August, prices rose by 1.1% (24 euros/m²) on a monthly basis. Apartment valuations climbed 15.4% annually, while houses increased by 11.1%.