In January 2025

Implicit interest rate on housing loans in the Autonomous Region of Madeira continued to decline marking a full year of consecutive decreases

According to information provided by Statistics Portugal (INE), in January 2025, the implicit interest rate for all housing loan agreements in the Autonomous Region of Madeira stood at 4.084%, representing a decrease of 0.130 percentage points (pp) compared to the previous month. It is noteworthy that this marks the twelfth consecutive reduction in this indicator. For reference, in January 2024, the implicit interest rate on housing loans stood at 4.771%.

The average value of loan repayments for all housing loan agreements dropped by 3 euros from the previous month, reaching 410 euros. Of this amount, 225 euros were for interest payments (down by 6 euros over the previous month) while amortisation stood at 185 euros (up by 3 euros over the previous month). In the same month last year, the average value of loan repayments was 417 euros.

Furthermore, the average outstanding amount for housing loan agreements increased for the 21^st consecutive month, standing at 67 017 euros in January 2025 (compared to 66 606 euros in December 2024). A year earlier, this amount was 64 097 euros.

At the national level, and considering all housing loan agreements, the implicit interest rate fell to 3.978%, down by 0.113 pp over the previous month. The average value of loan repayments for all agreements fell to 401 euros, while the average outstanding amount increased to 68 992 euros (compared to 68 470 euros in the previous month). In the country, interest rates decreased by 5 euros compared to the previous month, to 225 euros, while amortisation increased by 3 euros, reaching 176 euros.

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