Mortgages in Portugal

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 that 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.

If you're thinking of moving to Portugal and buying a home, then getting a mortgage will be close to the top of your list.

Buying property abroad can be a daunting experience. However, here at idealista, we are here to help you every step of the way when buying property in Portugal.

Moving abroad and buying property in Portugal can be a daunting experience, especially if you don't speak the language, or if you don't have the right advice or guidance.

Just as the demand for buying and renting property, housing credit and mortgages have become an increasingly digital process in Portugal and one of the effects of the COVID-19 pandemic has been to accelerate this transition.

In recent years, banks in Portugal have been engaged in a real trade war, promising even lower spreads to attract new home loan customers or even persuade customers to move their mortgage, stealing them from the competition.