Latest news and stories about mortgage lending in Portugal for expats and residents.
BPI reported a 13% drop in profit in 2025, while mortgage lending surged by 35% year‑on‑year.
New consumer credit operations reached an unprecedented value in October. According to data from the Bank of Portugal released this Wednesday, banks financed €2.16 billion for home purchases in the tenth month of the year. Young people continue to drive the granting of housing finance, accounting for over 60% of new loans.
Mortgage lending saw a historic acceleration in October. In that month, resident banks lent nearly one billion euros for home purchases, with the rate accelerating for the 22nd consecutive month, reaching the highest level since the subprime financial crisis. The latest statistics from the Bank of Portugal revealed this trend.
