Borrowers with home loans indexed to the 6-month Euribor who have their contract review in November will see their monthly payment increase by 44 euros.
This update is from Bica
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Based on a 150,000 euro loan over 30 years with a 1% spread, monthly mortgage payments will increase in November for contracts revised this month. Those on 12-month Euribor will pay 736.94 euros (+89.31 euros vs November 2025), 6-month Euribor contracts will pay 713.96 euros (+44.24 euros vs May), and 3-month Euribor contracts will pay 684.92 euros (+17.62 euros vs August).
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.
Although Euribor rates saw slight declines in September ahead of an ECB decision, the accumulated increases continue to raise the cost of credit for families. Mortgage installments subject to a rate reset in November will experience an increase due to the calculation methods used by banks.