Mortgages in Portugal

If you’re planning to buy property in Portugal, you’ve likely come across the term TAEG while researching mortgages.

If you’re considering buying property in Portugal, understanding how to get a mortgage as a foreigner is crucial. Portugal’s appealing climate, affordable living costs, and attractive property market have made it a hotspot for expats and international buyers.

In Portugal, average interest rates on new home loans have been stabilising at 4.2% since June. And in the euro area, average interest rates continue to rise, having reached 4% in November for the first time since 2009.

Most home loans in Portugal have a variable rate, which is why interest and instalments have been updated according to the Euribor term (3, 6 or 12 months). And they keep getting bigger.

Portugal is the most vulnerable country in the so-called group of the world's most developed nations to rising interest rates and the discontinuation of cheap money programmes by the European Central Bank (ECB).

In December 2022, nine out of ten Portuguese households had their mortgages indexed to the variable Euribor rate, which is rising month by month as the European Central Bank (ECB) raises the key interest rate (currently at 3.75%).

Portuguese banks will soon be more limited in charging fees for various banking operations. A bill approved by Parliament on Friday 14th April puts an end to the charging of abusive fees to all customers who have mortgage loans or loans for other purposes.

Thinking of moving to Portugal in 2023? But Is it better to buy or rent a house in Portugal? This is the question that many people ask when moving abroad, for example.

The era of the cheapest mortgages ever in Europe came to an end in 2022, after interest rates on home loans on the continent rose to the highest levels in decades, due to high inflation. But this hasn't stopped the demand for mortgages to buy a house in Portugal.

Mortgage comparison websites are the best way to find the mortgage that best suits the situation and the specific needs of consumers.

If you own a property in Portugal, transferring your mortgage to another bank is an operation that can help you save some money and get better bank financing conditions.

The prices of goods and services are usually updated at the beginning of each year. But the inflationary spiral that is raging in Europe is causing this update to be brought forward.

The Minister of Infrastructure in Portugal, Pedro Nuno Santos, has stated that the government is monitoring the pressure of rising interest rates on household income and is "prepared to study measures", in addition to the 2% limit introduced in the updating of rents.

When it comes to buying a house in Portugal with a mortgage, one must bear in mind that it is necessary to pay a set of expenses and taxes associated with the loan. That's why it's important to have savings available before buying a property and taking out a mortgage in Portugal.

Euribor rates are part of the lingo that must be known by anyone who has or is going to apply for a mortgage in Portugal.

A rise in interest rates on mortgages is a scenario that is on the table, and the European Central Bank (ECB) has already admitted the possibility of increasing the key interest rate in 2022.

In order to be able to buy a house, one of the most common routes both for many Portuguese and expats is a mortgage loan. Banks are increasingly willing to finance the purchase of homes, interest rates are falling, and savings are on the rise.

When thinking about buying a property or moving house in Portugal, one of the options on the table may be purchasing a plot of land in order to build your own house.

With the increase in teleworking as a result of the coronavirus pandemic, the number of people interested in moving to Portugal in search of a better climate and lifestyle has increased. As a result, there has also been an increase in requests for housing loans for non-residents in Portugal.

Even though Portugal is still in the midst of the coronavirus pandemic crisis, banks continue to be willing to finance house purchases, and along with low interest rates, now could be the perfect time to buy a property and take out a mortgage in Portugal.

Even during the coronavirus pandemic, many people still make buying property in Portugal a priority, and in the majority of cases, buyers also need a mortgage. Despite the crisis generated by COVID-19, banks in Portugal have remained willing to lend money for this purpose, although take note th

What is a mortgage "spread" and what impact does it have on the monthly installments paid to the bank each month in Portugal? The term, mortgage spread, basically refers to the profit the bank obtains by lending you money, normally when you have a variable-rate or mixed mortgage.

Buying a house is a decision of great responsibility, and especially if you have decided to buy property abroad in Portugal for the first time.

October brings good news for all Portuguese residents who have borrowed money from the bank to buy a house.