Housing Credit Has Been Growing at the Highest Pace Since 2003 and Reaching 119 Billion Economic Journal

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In August, the amount of housing credit increased by EUR 1,038 million compared to the end of July. The homologous growth rate accelerated compared to the 11.0% recorded in the previous month, reaching the highest value in more than two decades.

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The 'stock' of housing loans reached, in August, 119,062 million euros, the equivalent of an annual rate of variation of 11.2%, the highest since February 2003, released today the Banco de Portugal (BdP). The content ‘Stock ̈ of housing loans has in August the highest annual increase since 2003 appears first in Folha Nacional.

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There are more EUR 11,951 million in housing loans than a year before and more EUR 1,038 million than in July, according to the regulator's data.

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In total, there are more EUR 11,951 million in loans for housing than one year before and more EUR 1,038 million than in July, according to the data of the regulator. The annual rate of variation observed in this type of loans was higher than that recorded for the total amount of loans granted to individuals, which recorded an annual variation of 10.8% (10.6% in July), reaching EUR 154,894 million. For consumption and other purposes, the value a…