The average monthly instalment on mortgage loans in Portugal fell to €423 in March, in what was the first reduction since December 2021, according to data released today by the Bank of Portugal. According to the institution, which regulates and supervises the banking sector, the average monthly instalment of housing loan stock (new and old mortgages) was €423, or €3 less than in February. But the figure nonetheless is €62 higher than in March 2023 (when it was €361) and in comparison with March 2022 the difference is even greater, at €138 (then it was €285)…
Average monthly mortgage instalments fall for first time since 2021
