In January 2019 the Portuguese banks grant €747 million in housing loans, hitting the lowest value since February 2018, data from the Bank of Portugal show.

According to the statistics now released by Portugal’s central bank, this figure is €156 million lower than the €903 million in housing loans made available in December.

After three consecutive months of growth in the housing loans granting, this upward trend seems to reverse within the start of the new year, however, it should be noted that the month of January is a period traditionally marked by a slowdown in lending.

Original Story: ECO News
Photo:FreeImages.com/Svilen Milev
Edition:Prime Yield