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Interest rate on housing loans maintains a downward trend
Interest rates implied in housing loans
Interest rate on housing loans maintains a downward trend - August 2009
28 September 2009

Summary
The interest rate on housing loans stood at 2.547% in August, down by 0.223 percentage points (p.p.) compared with the previous month. With a decrease of 3.430 p.p. from December 2008, this value is the new lowest one of all time series (since November 2003). The average loan repayments decreased €6, to €268 (since the beginning of the year it decreased €101). The implicit interest rate on contracts signed over the last 3 months dropped by 0.122 p.p. to 2.450%.
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