In October 2016
Implicit interest rate in housing credit and loan repayments maintained downward trend in the Autonomous Region of Madeira
In October 2016, the implicit interest rate in housing credit in the Region was 0.979%, decreasing by 0.024 percentage points (p.p.) from the previous month.
The average value of loan repayments dropped to €255 in the month of reference, with the interest component standing at €47 (down by €2 from the previous month) and the capital component at €208 (down by €9 from September 2016).
The average outstanding loan value in housing credit in the Autonomous Region of Madeira decreased to €57,328 (€59,035 in the previous month).
In Portugal, the implicit interest rate in housing credit stood at 1.038% (1.047% in September 2016) and the average value of loan repayments was 237€ (same value as in theprior month).
