The mortgage concession boosted in Portugal along 2018, reaching almost €10 billion and hitting an eight-year high, informed Banco de Portugal (the Portuguese Central Bank).

According to the entity led by Carlos Costa, in December the national banks granted €903 million for mortgage loans, alone. This is the highest value registered over the past five months, with the total volume of mortgages granted in 2018 rising to €9.835 billion.

The figure represents a new high since 2010, the year before the Portuguese bailout, confirming an upward trend on mortgage concession over the last few months, reflecting an annual growth 19% in 2018 vis-à-vis 2017.

Original Story: Eco | Eco News 
Photo: FreeImages.com/Miguel Saavedra
Edition:Prime Yield