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Euronews
Euronews
Diana Rosa Rodrigues

Home loans hit a record high in Portugal: Experts say the time to act is 'now'

Mortgage payment instalments in Portugal are rising, and the first increases could affect some families as early as April.

The rise in Euribor — the rate European banks charge each other when lending — is a direct result of market turbulence sparked by the Middle East conflict. The increase is already feeding through into higher mortgage repayments, following the first US and Israeli strikes on Iran.

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