Bank of Portugal reports EUR 475 million of state-guaranteed primary-residence mortgages for under-35s in July

The Bank of Portugal published updated BPstat statistics on mortgages for the purchase of an owner-occupied primary residence under the State personal guarantee scheme for borrowers aged up to 35. In July, households entered into 2,400 state-guaranteed mortgage contracts totalling EUR 475 million, with 32.1% (EUR 348 million) of the overall State guarantee allocation used by end-July. State-guaranteed loans accounted for 45.6% of the number of primary-residence purchase mortgages and 46.8% of the amount contracted by under-35s in July, up 6.1% in contract count and 6.5% in value versus the prior month. Over the first seven months of 2025, 13,200 such contracts were signed for EUR 2.5 billion, representing 38.7% of the number and 41.0% of the amount contracted by under-35s for the same purpose; across all borrowers, state-guaranteed contracts represented 21.2% of the number and 24.2% of the value of primary-residence purchase credit granted up to July. The weight of properties acquired with the State guarantee was highest in Alentejo and Lezíria do Tejo and lowest in Greater Lisbon and the Autonomous Region of Madeira. The release reiterates that the scheme provides a State surety covering up to 15% of the transaction value (for properties up to EUR 450,000), can run for up to 10 years, and applies to credit contracts signed up to 31 December 2026; the statistics are compiled from the Central Credit Register based on reporting by financial institutions. The next BPstat update on state-guaranteed primary-residence mortgages is scheduled for 29 September 2025.