In August, 19,825 mortgages were constituted over homes according to the property registers, down by 3.4% compared to the same month in 2019, as reported on Wednesday by the National Institute of Statistics (INE).
With the year-on-year decline in August, the signing of home mortgages recorded six consecutive months of negative year-on-year rates. The 14.6% decrease registered in March was followed by an 18.4% decline in April, a 27.6% drop in May and reductions of 12.7% and 23% in June and July, respectively.
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