Tag Archives: Banco de Portugal

Savings certificates reach a new high after 23 months of growth

Notícias, , , ,

The amount invested in savings certificates rose again in August, for the 23rd consecutive month. The year-on-year increase was 15.7%, taking investment to a new all-time high, according to Banco de Portugal.

The sequence of increases shows continued growth in this savings product. The reported figure refers to the amount invested, not the number of subscribers or certificates held.

Savings certificates are one of the options available to savers in Portugal. The latest development provides an indication of demand for this instrument, although it does not replace an assessment of the terms and features applicable to each subscription.

Follow savings data and learn about the terms of available products.

Mortgage lending grows at fastest pace in more than two decades

News, , , ,

The total amount of outstanding loans for house purchases reached €118.021 billion in July. Compared with the same period of the previous year, growth stood at 11%, the highest annual rate recorded since February 2003.

This development shows a marked acceleration in mortgage lending and once again places this segment at the centre of banking activity. The increase in the outstanding balance reflects the net effect of new lending, repayments and other movements in financial institutions’ portfolios.

For households, banks and property professionals, this indicator warrants close monitoring, as it helps to explain the dynamics of home purchase financing. Future developments will depend, among other factors, on access to credit, borrowing costs and demand in the housing market.

Are you planning to buy a home, invest in property or assess the impact of financing? Contact us for accounting, tax and financial support: https://ztlm.eu/en/contacts/