When contracting a housing loan, having a co-borrower or guarantor can be a solution to improve financing conditions. With Father's Day approaching, find out if it is possible to contract a loan together, and how the process works.
The number of new housing credit contracts reached a record value, mainly driven by the financing granted to individuals up to 35 years old with tax exemptions, according to data released by the Bank of Portugal (BdP).
Total value of new housing credit contracts reached €1.676 billion in October, the highest amount since 2014, with almost half of the credit attributed to individuals under 35 years old.
Hiring a personal loan along with a mortgage is a possibility, but it requires caution and financial responsibility.
The data is part of the latest Credit Market Banks Survey, released in October by the Bank of Portugal (BdP), which not only analyzes the third quarter but also presents perspectives for the last quarter of the year.
Is it worth it to take out a home loan? Understand the factors you should consider when weighing the decision.
The issue at hand is reductions that can amount to €100 monthly.
The improvement that has been felt in the housing market, with new support measures for young people and falling interest rates, brings positive points such as increased sales. However, on the other hand: the increase in house prices as well. Understand better, then.
The median housing price rose from 2022 to 2023 by about 8.6%, to 1,611 euros/m2, with more significance in certain municipalities. Read the statistics more carefully next.
The number of real estate properties that were transacted in 2023 was the lowest since 2017, having decreased by 18.7% compared to the previous year.
Mortgage credit demand increased in the Eurozone in the 2nd quarter of 2024: a rise that hadn't occurred since 2022. Learn more about the numbers.
Despite the government's public guarantee supporting young people in obtaining a home loan, the monthly payments on the loans can still be high. Find out analysts' opinions on this issue next.
Do you have a mortgage linked to Euribor, with three, six or 12 months? Your monthly installment will decrease in July. Check the simulations below.
Compared to May 2023, house rents have increased by a total of 7.1% this May 2024. Check out the numbers in question.
Looking to buy a house in Portugal? Know that property prices have gone up last month. Get to know the numbers and find out how to access the best home loan.