Real estate credit installments should increase in April for contracts subject to review that month, reflecting the recent rise in Euribor rates, driven by instability in the Middle East.
Despite the have maintained the reference interest rate at 2%markets anticipate a worsening of financial conditions, which is already being incorporated into Euriborindexes used in most real estate credit contracts in Portugal.
According to simulations, in a loan of 150 thousand eurosa 30 yearscommon spread of 1%a monthly installment may rise about 15 euros in the case of contracts indexed to six-month Euribor. To 12 month termsthe increase should be close to the 10 euros.
Experts warn, however, that this could just be the start of a new upward cycle.
If the current geopolitical context worsens, interest rates may return to levels similar to those recorded in 2023when exceeded 4%putting significant pressure on families’ burdens.
Bank valuation hits record
Portugal continues to stand out among European countries where households have with housingwhich increases vulnerability to new increases in benefits.
At the same time, the maintain a upward trajectory.
A again reached a all-time high in Februarywith the average value per square meter to grow more than 17% in homologous terms, exceeding 2,100 euros.
