Seven in ten young people are not financially independent
Seven in ten young people say they cannot achieve financial independence, and most earn below the national average salary, according to a study that identifies housing costs as one of the main barriers to their emancipation.
Euribor rate falls for three and six months but rises for twelve months
The Euribor rate, the benchmark for mortgage credit, fell on Wednesday for three and six months but rose for twelve months, reaching its highest value for the longer term since April. The three-month rate decreased to 2.082%, down from 2.088% on Tuesday, and remained below the six-month rates.
More than a third of families with mortgage loans see house payments rise in December
For thousands of families, the month of December brings an unwanted gift: the end of the decrease in house payments. For the first time since January of last year, holders of variable-rate mortgages indexed to the 3 and 6-month Euribor, whose contracts are reviewed in December, will see [...]
ECO Quiz. Has the square metre surpassed 2,000 euros for the first time?
If you are reading this news in an app, access the quiz 'Buying a house in Portugal has never been so expensive'. The median value at which banks assess properties for mortgage loans reached its highest level ever in October, according to the statistical series that dates back to January 2011. Also, last week […]
After 22 months of decline, the six-month Euribor mortgage payment is now rising
Average Euribor rates have increased across all terms used in home loans. Loans with a 12-month Euribor are still decreasing, but only slightly.
