Good news in housing credit must be viewed with caution and predicting for a near less laughing future.
Housing credit continues to give good news to the Portuguese: in August a House provision will go down No maximum 124 euros.
In a loan of 150 thousand euros to 30 years, with a spread (Bank commercial margin) of 1%, in the contracts Euribor to 12 months The descent will be the 124 euros compared to the monthly fee of a year.
On loans with Euribor to 6 monthsthe descent compared to February this year will be about 47 euros.
The lower descent will be in contracts to 3 months: less 22 euros compared to the May numbers.
But…
… This descent will not always last. Nuno Rico, a specialist at Deco-Proteste, warns that this trend should be extended by September. From October“Who has shorter contract maturities – namely from Euribor to 3 months – may have minimal or eventually small descents climbs”.
In this interview with, Nuno reinforced the idea of uncertainty in the market, but left a more important warning: the indebtedness of families is very high. In fact, it has the highest numbers of the last 14 years.
It is better to do the accounts very well: “This is a important period to prevent any climbs in the future: Take advantage of this savings that is being generated by the fall of interest rates and amortize, or prepare – put – A more amortization forward when the rates rise again and relieve the impact of rising interest rates. Who goes to sea has to prepare on land. ”
But this is also being a phase in which families “are indebted to significant amounts,” he says.
“Any climb that will happen in the coming months, even if small, will have a significant impact on”Warned Nuno Rico.
At this point, “any variation translates quickly in a Climbing of 150 or 200 euros in the installment. This can bring difficulties to families, which many are already hiring at the limit of their effort rate. ”
Therefore, it is better to face these descents with caution and anticipation: “Looking at this scenario, from next year, keeping this trend or even in a small climb [nas taxas de juro]for those who have these indebtedness levels can be very complicated ”.
“If a scenario of economic stagnation with the natural consequence in income and unemployment rates, it may leave many families with the rope in the throat”Concluded Nuno Rico.
