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 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.