Crédito habitação Calculator Portugal

Market overview

Portuguese mortgages are dominated by Caixa Geral de Depósitos, Millennium BCP, Santander Totta, Novobanco, and BPI. Most new lending is mixed-rate: a 1-5 year fixed teaser followed by Euribor-linked variable. The Banco de Portugal recommends LTV not exceeding 90% for first-home buyers and 80% for non-owner-occupied. Maturity is increasingly capped at age 75 of the borrower, pulling typical terms down from 40 to 30 years.

Why 3.8% is the typical rate

3.8% reflects a typical 3-year-fixed teaser at 80% LTV in early 2026, blending to a 6-month Euribor + 1.0-1.5% spread thereafter. Variable-only loans price around Euribor + 0.85-1.1% for prime borrowers.

Tax & regulatory notes

IMT (Imposto Municipal sobre as Transmissões) is the property transfer tax, with progressive rates from 0% (homes under ~€101k for primary residence) up to 8%. Stamp duty (Imposto do Selo) adds 0.8%. There is no mortgage interest deduction on new loans; pre-2011 loans retain a small deduction phased down annually. The Mais Habitação law (2023) tightened short-term rental rules and removed the Golden Visa real estate route.