The interest rate on housing loans fell 4.7 points to 3.133% between October and November, but in contracts signed in the last three months the rate rose for the first time since April, according to INE.
According to data released this Thursday, 18th, by the National Statistics Institute (INE), in contracts signed in the last three months, the interest rate rose to 2.853%, the first since April 2025.
For the financing destination “housing acquisition”, the most relevant in all housing loans, the implicit interest rate for all contracts fell to 3.133% (-4.6 bp compared to October).
The average installment, considering all contracts, “stood at 394 euros, as in the previous month, translating a decrease of 9 euros compared to November 2024”, says INE, adding that, in the last month, the portion relating to interest represented 49% of the average installment.
In contracts concluded in the last three months, the average value of the installment increased by two euros, according to the statistical office, standing at 668 euros, which represents an increase of 5.7% compared to the same month of the previous year.
In the penultimate month of the year, the average outstanding capital for all contracts rose by 490 euros compared to the previous month, reaching 74,670 euros.