The Bank of Portugal has begun publishing monthly BPstat statistics on the use of Portugal’s state personal guarantee scheme in mortgages for owner-occupied permanent housing. In January to June 2025, 10,700 mortgage contracts were signed under the scheme for a total of EUR 2.1bn, representing 20.5% of contracts and 23.5% of the total value of such housing credit granted by the financial system over the period. For borrowers aged up to 35, state-guaranteed loans accounted for 37.4% of contracts and 39.8% of the amount contracted for owner-occupied permanent housing. By end-June, 25.9% (EUR 280m) of the total amount allocated by the State for guarantees under the regime had been used; in June alone, 2,300 contracts (EUR 441m) were signed under the scheme, equating to 46.1% of contracts and 47.6% of the amount contracted by borrowers up to 35. The scheme covers up to 15% of the property transaction value (enabling bank financing between 85% and 100%), applies to properties up to EUR 450,000, and the surety can run for up to 10 years, with contracts eligible until 31 December 2026; banks are not obliged to grant credit even where eligibility conditions are met. The next BPstat update is scheduled for 29 August 2025.
Bank of Portugal 2025-07-30
Bank of Portugal starts monthly BPstat reporting on state-guaranteed primary residence mortgages with EUR 2.1bn issued in H1 2025
The Bank of Portugal is publishing monthly BPstat statistics on the state personal guarantee scheme for owner-occupied housing mortgages. From January to June 2025, 10,700 contracts worth EUR 2.1 billion were signed, representing 20.5% of contracts and 23.5% of total housing credit value. For borrowers aged up to 35, state-guaranteed loans accounted for 37.4% of contracts and 39.8% of the amount contracted.