In Portugal, the cost-of-borrowing indicator for loans to households for house purchase fluctuated during the period considered. In March 2018, the cost-of-borrowing was almost two percent. It remained relatively steady until April 2020 when it reached one percent. By November 2022, this indicator rose to three percent and maintained this increasing trend, which culminated in 4.6 percent in November 2023. By September 2024, the cost-of-borrowing for house purchase was 3.73 percent.
Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024
The source states that the cost-of-borrowing for households only includes loans for house purchase. Loans for consumption and other purposes have been excluded because they are very volatile and less relevant to macroeconomic projections.
This indicator is calculated as a weighted average of the monetary financial institution's interest rates on short-term and long-term loans to households for house purchase.
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ECB. (October 31, 2024). Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/
ECB. "Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024." Chart. October 31, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/
ECB. (2024). Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/
ECB. "Cost-of-borrowing for Households for House Purchase in Portugal from January 2018 to September 2024." Statista, Statista Inc., 31 Oct 2024, https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/
ECB, Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024 Statista, https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/ (last visited November 24, 2024)
Cost-of-borrowing for households for house purchase in Portugal from January 2018 to September 2024 [Graph], ECB, October 31, 2024. [Online]. Available: https://www.statista.com/statistics/1425375/portugal-cost-of-borrowing-for-house-purchase/
