Even without tax incentives, such as the special 'gold visa' regime that was previously in place in Portugal, foreigners continue to look for houses to buy in the country, and according to the Association of Real Estate Professionals and Companies in Portugal (APEMIP), the forecast is that this will continue this year.
Home loans for young people up to 35 years old with public guarantee have a maximum term for financing with the same rules as conventional home loans.
This couple bought their new home without the need for a large initial investment, saving thousands of euros on the down payment.
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).
Choosing the right home loan as a couple requires planning, research, and a good understanding of the available options. With Valentine's Day approaching, Poupança no Minuto has gathered everything you should consider in this choice.
Public guarantee offered by the State in home loans is directly related to the amount financed by the bank.
Evaluate the market, plan your finances, and compare banking proposals are essential steps to start the year with the right housing credit.
The European Central Bank (ECB) has once again reduced interest rates, for the 5th consecutive time since June 2024, reflecting confidence in inflation returning to the 2% target.
The mortgage interest rate dropped to 4.091% in December, showing a decrease from the previous month, but still above the value of the same period in 2023, according to INE data.
Young people's access to state-guaranteed housing credit has faced significant challenges, with the main obstacle being the high level of effort required to benefit from this support.
European banks are expected to continue benefiting from low and stable credit risk costs in 2025, according to DBRS.
Despite some government initiatives and expectations of an increase in construction, experts warn that by 2025 housing accessibility in Portugal will continue to be a structural problem, marked by high prices and growing inequalities.
The implicit interest rate on home loans fell by 9.1 basis points in November, settling at 4.186%, down from 4.524% in November 2023.
Housing prices increased by 9.8% in the third quarter of 2024, according to the INE, up 2.0 percentage points from the previous quarter.
In 2025, the early redemption of Retirement Savings Plans (PPR) to pay home loans will once again involve penalties, as the suspension of penalties was not extended.