In July 2016
Implicit interest rate in housing credit and loan repayments maintain downward trend
In July 2016, the implicit interest rate in housing credit in the Region was 1.029%, decreasing by 0.020 percentage points (p.p.) from the previous month.
The average value of loan repayments dropped to €267 in the month of reference, due to the decline in the interest component to €51 (down by €1 from the previous month), since the capital component remained unchanged at €216.
The average outstanding loan value in housing credit in the Autonomous Region of Madeira rose to €59,223.
In Portugal, the implicit interest rate in housing credit stood at 1.066% (1.089% in June 2016) and the average value of loan repayments remained unaltered at 238€.
