Annual average interest rate on new mortgage loans in Portugal 2007-2023
The annual average interest rate on new residential loans in Portugal generally decreased between 2007 and 2023 with some fluctuation in the years before 2012. From 4.78 percent in 2007, the annual average interest rate reduced to 0.83 percent in 2021. In 2022, it dramatically increased to 3.24 percent, reaching 4.12 percent in 2023.