Bank Valuations Up to 1,285 Euros/M2
According to data presented yesterday by the National Statistics Institute in its Survey on Residential Bank Valuations, the average value of bank valuations reached 1,285 euros per square meter in December, 13 euros more than the previous month, an increase of 1.0% m-o-m (1 272 euros/m2). The rate of change stood at 11.2%, the same […]
Mortgage Loan Interest Rates Down to 0.801%
According to data released yesterday by the National Institute of Statistics, the implicit interest rate on all mortgage contracts in Portugal stood at 0.801% in December (vs 0.807% in the previous month). For contracts signed within the last three months, the interest rate fell from 0.692% in November to 0.682% in December. The average outstanding […]
New Housing Loans Totalled €13.773 Million in Year to November
New homes licensed for construction in Portugal increased by 11.8%. According to a new report by AICCOPN (Association of Civil Construction and Public Works Industries), the Statistical Housing Synthesis, cement consumption in Portugal totalled 3.507 million tonnes, a year-on-year increase of 5.3%. Residential licensing saw a 9.5% increase y-o-y in the number of new construction […]
Euribor Rises at Three, Six and 12 Months
Euribor rose today at three, six and 12 months. The most commonly used in Portugal for mortgages, the six-month rate rose 0.007 points to 0.539%. The three-month Euribor rose to -0.570%.