Most people who ask for loans are between 18 and 40 years old, have completed higher education and work for other companies, says BdP.

Regarding the sociodemographic characterisation of people who took out credit from resident financial institutions in 2023, the BdP confirms that there were fewer families taking out housing loans. “In 2023, 117,000 people took out a permanent home loan, 30,000 fewer than in 2022”.

The vast majority of those taking out a mortgage were Portuguese (91%). And around 61% of the 117,000 people were young, aged between 18 and 40. The majority worked for others (80%) and had a higher level of education (55%). What also stands out is that half lived in the regions of Greater Lisbon, the Porto Metropolitan Area and the Setúbal Peninsula.

BdP data reveals that half of new loans for permanent housing in 2023 had a value equal to or less than 117,000 euros, in median terms. This is a slightly lower value than last year (120,000 euros). It should also be noted that 70% of loans for the purchase of own and permanent housing were less than 150,000 euros and only 4% exceeded 300,000 euros.