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Average value of loan repayments increased 41.4% to 379 euros
Interest rates implied in housing loans
Average value of loan repayments increased 41.4% to 379 euros - August 2023
19 September 2023

Summary

The implicit interest rate for all housing loan agreements increased from 3.878% in July to 4.089% in August, the highest value since March 2009. For the contracts that were closed in the previous three months, the interest rate increased from 4.173% to 4.331%. The average value of owed capital increased 185 Euros, reaching 63,740 Euros. The average value of loan repayments increased 9 euros to 379 Euros, an increase of 111 euros compared to the value observed in August 2022 (41.4% more). In the last month, interest represented 57% of the average repayments, which compares with only 19% one year before. In the contracts celebrated in the last 3 months, the average value of loan repayments increased 19 euros to 623 euros (40.0% higher than the same month of the previous year).


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