Home loans (and other types of loans) are becoming more and more complex, with contracts written in excessively technical language that seems like it’s deliberately difficult for the consumer to understand, so you can’t make a truly informed decision between different banks and compare their mortgag
The new year brings with it new goals and desires, be it eating healthier, going to the gym or running more. Still, it’s important not to forget about personal and family finances, and to still be ready for any future eventuality.
Renting an apartment in Lisbon is more expensive than it was a year ago, but the rise in prices is slowing down. In the second quarter of the year, rental prices in the Portuguese capital rose by 1.8% over the previous quarter and by 17% in counterpart terms.
The law on negative Euribor (lei da Euribor negativa) was approved in the Portuguese Parliament and will bring about new changes. The measure is intended to oblige banks to apply Euribor in full to mortgages on real estate.
Interest rates for mortgages are relatively low right now, and it’s possible to can earn more than 7% each year if you invest in a property in Portugal. But where to invest, and what are the basic things should you consider.
The cost of buying a house is more than just your monthly mortgage payments. Before that, experts recommend that you save at least 13% of the value of the property to help with the following costs:
Expenses with or without a mortage, in new and used properties
Portugal offers many different types of properties compared with Britain. Before you start looking, you should be very clear on the following: Why are you buying? (holiday home, investment, somewhere to retire…)