Housing
Portugal mortgage lending hits record €120.2 billion as demand rises
Total outstanding mortgage debt in Portugal reached a record €120.2 billion in September 2026, marking an 11.2% annual increase. The average implicit interest rate on all housing loan contracts reached 3.194% in September, with 87% of new loans for permanent residences now being contracted at mixed interest rates.
Why it matters
If you are a homeowner with a variable or mixed-rate mortgage, the rising implicit interest rate means your monthly repayments are likely to increase, and further pressure on Euribor rates may be expected as the year ends.The Portugal NewsRead original ↗
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