The total stock of housing loans reached 120.2 billion euros at the end of September, an increase of 1.117 billion euros from August and an 11.2% year-on-year growth rate according to Banco de Portugal. Total consumer credit reached 36.1 billion euros, while private sector deposits fell by 978 million euros to 203.2 billion euros.
This update is from Bica
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Real estate expert Hélder Batista proposes adopting models from Scotland and Ireland to bring nearly 250,000 vacant homes back onto the market. Suggested measures include local municipal teams to engage property owners, interest-free loans for renovations in exchange for long-term affordable rentals, and tax incentives linked to stable rental contracts.
The Sintra municipality is launching a housing programme offering six homes at reduced rent for residents over the age of 65. The application period (concurso) is scheduled to open in November 2026, with the properties located in Agualva, Queluz, Monte Abraão, Rio de Mouro, and São Marcos.
The Lisbon City Council has reached an agreement to recover over 71,000 square meters of land in the Alta de Lisboa area. Under the terms, the city will gain land for the construction of 800 affordable housing units, and the SGAL company is required to complete the necessary infrastructure works for the site.