The interest rate on housing loan contracts returned to maintain the downward trend, falling in July to 1,257% in the last month and prolonging the downward trend of the past 11 months, revealed Friday the National Institute of Statistics (INE).
In contracts in the last three months, the interest rate stood at 2.453%, down by 0.191 percentage points compared to June, the largest decline since November 2012, highlights the INE.
Fall interest rates continues to reflect the downward trend in Euribor rates, which are associated with the large majority of contracts in Portugal, and in the case of three-month Euribor is even in negative territory.
The average value the loan repayments for all the credit agreements, was fixed in July for 241 euros, the same as in June. This situation is explained by the fact that the amortization of capital increase whenever down the component of interest.
According to INE, the value of the average amount outstanding, for all contracts, dropped 57 euro July to 52,512 euros.
In contracts in the last three months, the average value of principal outstanding stood at 82,588 euros, which represents an increase compared to June, which stood at 81 444 euros.
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