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In June 2020

Implicit interest rate in housing credit in the Autonomous Region of Madeira increased from the previous month while the loan repayments decreased

In June 2020, the implicit interest rate in housing credit in the Region was 0.850%, increasing by 0.021 percentage points (p.p.) from the previous month. In June 2019, the rate was 1.031%.

The average value of loan repayments dropped to €234 in the month of reference, with the interest component standing at €41 (up by €1 from the previous month) and the capital amortisation at €193 (down by €4 from in the previous month). In June 2019, the average value of loan repayments was 271 euros.

The average outstanding loan value in housing credit in the Autonomous Region of Madeira declined to €57,788 (€57,921 in the previous month). One year before it stood at €58,013.

In Portugal, the implicit interest rate in housing credit stood at 0.932% (up by 0.029 p.p. from the previous month), while the average value of loan repayments increased to €228. The average outstanding loan value for Portugal rose from €54,010 in May 2020 to €54,126 in June 2020, thus maintaining a steady growth since March 2019.

 

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