10 minutes: increased claims for housing credits and decreased unemployment

The interest rate descent is leading to an increase in loan claims to banks. More than half of new contracts involve people under 35, who get 56% of the new credit. According to Banco de Portugal data for March, the average interest rate dropped from 3.18% in February to 3.11% in March, being The lowest value since December 2022. Still in the economy, the unemployment rate in Portugal is estimated I 6.6% nThe first quarter of the year, a light retreat over the previous quarter. Still, there is a worrying fact: one in five young people has no work.