Those living outside Portugal and wanting to buy a house in the country have greater purchasing power, as their average monthly income is 5,147 euros. And they apply for home loans for an average amount of 147,595 euros (+7% of the national total), reveals the report for the second quarter of 2023 on the mortgage market by idealista/creditohabitação.

This means that non-residents in Portugal have greater purchasing power, want to buy more expensive homes than Portuguese citizens and borrow more capital from banks. But they also give a larger down payment to buy a house (financing for non-residents is 71% against 76% of the national total) and decide to proceed with the investment later in life, since the average age is 42 years (the national average is 39 years).

The demand for mortgage loans by the Portuguese has been adapting to the new economic context marked by the abrupt rise in interest on mortgage loans and by measures from the Bank of Portugal. As a result, the Portuguese are buying cheaper houses and borrowing less capital from banks.