Average monthly house purchase payment rises to a record 450 euros in September

In September, the average monthly mortgage payment in Portugal reached a record high of 450 euros, marking a 9% increase year-on-year. This rise is attributed to both existing and new contracts, with the average interest rate for new housing loans climbing to 3.05%. The average interest rate for new contracts increased by 0.07 percentage points, while renegotiated contracts saw a slight decrease. In the euro area, Portugal now has the fifth lowest average interest rate for new housing loans, with 86% of new loans contracted at a mixed rate.