Property

Portugal — Property: Mortgage Availability

As of 2026, the ECB base rate is stabilized around 3.0%, with 6-month Euribor at 3.0-3.2% and 12-month Euribor at 3.1-3.3%. Non-resident variable-rate mortgages run 3.4-4.5% total interest (Euribor plus a bank commercial spread, typically higher for non-residents than resident files); fixed-rate loans run 4.0-5.2%; mixed-rate loans run 3.8-4.8% during an initial fixed period (2, 5, or 10 years) before reverting to variable. Fiscal residents can borrow up to 85-90% loan-to-value; non-residents face a stricter 70/30 rule (max 70% LTV, requiring 30-40% equity). The debt-to-income effort rate cannot exceed 35% of verified net monthly household income, and loan terms run up to 30 years for non-residents, generally requiring full amortization by age 70-75.

Banco de Portugal · Last verified 2026-07-17

Key Facts

  • Non-resident variable-rate mortgages: 3.4% to 4.5% total interest (Euribor + spread).
  • Non-resident fixed-rate mortgages: 4.0% to 5.2%; early repayment penalty capped at 2.0% of repaid capital (vs. 0.5% for variable-rate loans).
  • Fiscal residents can borrow up to 85-90% LTV; non-residents are generally capped at 70% LTV (30-40% equity required).
  • The debt-to-income 'effort rate' cannot exceed 35% of verified net monthly household income.
  • Maximum loan terms run up to 30 years for non-residents, generally requiring full amortization by age 70-75.
  • Stamp Duty on credit is 0.5% of the loan amount for terms of 1-5 years, 0.6% for terms exceeding 5 years.
  • Bank application, formalization, and appraisal fees average €700 to €1,200.

Related Topics

buying-process
← Back to Portugal guides