State Guarantee is 25.9% of Total Housing Credit
October was, therefore, the month with the highest absolute and relative values since the implementation of this programme, with significant data since the beginning of this year.
State guarantee accounts for 25.9% of total housing credit until October
The purchase of homes by young people using public guarantees represented 25.9% of the total allocated in the first ten months of the year, with 46.5% of the total amount allocated to this programme being utilised, the Bank of Portugal announced today.
State guarantee represents 25.9% of total housing credit until October
Since the beginning of the year, 551 million euros have been used under this scheme.
Public guarantee for home purchases skyrockets and sets new record in October
October was the strongest month ever for public guarantees in housing credit, according to data published this Friday by the Bank of Portugal. The 'key mechanism' for home purchases by young people reached new highs, covering 50% of all amounts lent by banks to those aged up to 35.
