Average Monthly Mortgage Payments in at €226
23 October 2020 – Portuguese mortgage holders paid an average monthly instalment of 226 euros in September, down from 247 euros in the same month last year, according to a report by the country’s National Institute of Statistics. The drop is a result of the Covid-19 pandemic and the moratoria on many debt repayments.
The report added that 44 euros (19%) of the monthly average payment corresponds to interest payments and 182 euros (81%) to capital amortisation. The average amount began to fall in March, as much of the world began to fall under lockdown.
Original Story: Jornal Expresso – Diogo Cavaleiro
Translation/Summary: Richard D. Turner