Portugal’s mortgage interest rate rises to 3.194% in September
The average implicit interest rate on Portuguese home loans rose to 3.194% in September 2026, an increase of 3.2 basis points from the previous month, Statistics Portugal reported on 21 October. For contracts signed in the latest three months, the rate increased from 2.910% in August to 2.959%.
Event / data period: 2026-09
Published: · Updated:
The average monthly mortgage payment was €423, up €5 from August and €30 from September 2025. Interest again accounted for more than half of the average payment, at 50.4%.
For loans contracted in the latest three months, the average payment rose to €757, 13.7% higher than a year earlier. The average outstanding principal across all home loans increased by €655 to €80,843.
Data
Mortgage credit
Portugal, September 2026; figures reported by INE
| Average implicit interest rate, all contracts | 3.194 |
| Implicit rate, contracts from latest three months | 2.959 |
| Interest share of average payment | 50.4 |
| Year-on-year change in average payment for recent contracts | 13.7 |
Methodology
Indicators and monthly and annual changes reproduced from INE; no unit conversions were made.
Updated:
Subjects and places
Subject proposals
- Interest ratesSuggested
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- Portugal · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.ine.pt ↗