In February 2025

Implicit interest rate on housing loans in the Region continued to decline

According to information provided by Statistics Portugal (INE), in February 2025, the implicit interest rate for all housing loan agreements in the Autonomous Region of Madeira stood at 3.924%, representing a decrease of 0.160 percentage points (pp) compared to the previous month. Notably, this marks the thirteenth consecutive reduction in this indicator. For reference, in February 2024, the implicit interest rate on housing loans stood at 4.756%. 

The average value of loan repayments for all housing loan agreements dropped by 6 euros from the previous month, reaching 404 euros. Of this amount, 217 euros were for interest payments (down by 8 euros over the previous month) while amortisation stood at 187 euros (up by 2 euros over the last month). In the same month last year, the average value of loan repayments was 416 euros.

Furthermore, the average outstanding amount for housing loan agreements increased for the 22^nd consecutive month, standing at 67 159 euros in February 2025 (compared to 67 017 euros in January 2025). A year earlier, this amount was 64 433 euros.

At the national level, and considering all housing loan agreements, the implicit interest rate fell to 3.830%, down by 0.148 pp compared to the previous month. The average value of loan repayments for all agreements fell to 400 euros, while the average outstanding amount increased to 69 512 euros (compared to 68 992 euros in the previous month). In the country, interest rates decreased by 4 euros compared to the previous month, to 221 euros, while amortisation increased by 3 euros, reaching 179 euros.

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