rising interest rates. Compared to other European countries, Portugal's gross residential mortgage lending is on the lower side. As of the second quarter of 2023, there were 4.55 billion euros in gross residential mortagage lending, this indicator being increasing.
There was a significant increase in the gross residential mortgage lending in Portugal since 2014. In the second quarter of 2022, it reached 4.22 billion euros. In the following quarter, lending decreased, which had to do with the worsening economic conditions and Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros)
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European Mortgage Federation. (January 30, 2023). Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros) [Graph]. In Statista. Retrieved November 30, 2023, from https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/
European Mortgage Federation. "Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros)." Chart. January 30, 2023. Statista. Accessed November 30, 2023. https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/
European Mortgage Federation. (2023). Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros). Statista. Statista Inc.. Accessed: November 30, 2023. https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/
European Mortgage Federation. "Gross Residential Mortgage Lending in Portugal from 2nd Quarter 2014 to 2nd Quarter 2023 (in Billion Euros)." Statista, Statista Inc., 30 Jan 2023, https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/
European Mortgage Federation, Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros) Statista, https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/ (last visited November 30, 2023)
Gross residential mortgage lending in Portugal from 2nd quarter 2014 to 2nd quarter 2023 (in billion euros) [Graph], European Mortgage Federation, January 30, 2023. [Online]. Available: https://www.statista.com/statistics/614834/gross-residential-mortgage-lending-portugal-europe/