Portugal with second lowest fixed rate for housing in the Eurozone

  • 15 August, 22

Buying a house in Portugal with a fixed interest rate of up to five years is cheaper than in most Eurozone countries, with a fixed interest rate of up to one year costing, on average, 1.2%, and between the first and fifth year of credit costs 1.43%; in both cases, the second lowest rate in Europe.

According to a report by Jornal de Negócios (paid access), Portugal is second only to Austria, whose average interest rate in June, for those who fixed the rate up to one year, was 1.14%, while the average in the Eurozone was 1.66%. Irish families bear the biggest burden, with a cost that can reach 3.47%, according to data from the European Central Bank (ECB).

Cre: Portugalnews

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