Archive: May 2021

Great news for international buyers purchasing a luxury home in Portugal: the interest rates on mortgage loans fell 2.5 basis points and reached a new low of 0.826% in April. According to data from the National Statistics Institute (INE) for the purpose of financing house purchases, the interest rate for total contracts fell to 0.844 percent, down 12 compared to April 2020. The average value of the installment fell 22€, to 276€.  With interest rates this low there is no question that…