The price of houses in Portugal is the main vulnerability with future implications for the financial sector, today considered the International Monetary Fund (IMF).
© Goncalo Fonseca/Bloomberg via Getty Images
22/09/2026
by
Lusa
Property prices have risen by 169% in Portugal since 2015, compared to 55% in the euro area, highlighted Michaela Erbenova, deputy director of the Department of Monetary Markets and Capitals, at a conference organized by Banco de Portugal, in Lisbon.
Family indebtedness is below the euro area average, but “now it has an upward trend”you noticed.
Despite this warning, the person responsible indicated that real estate prices seem high, but “immediate risks are contained”.
Banks are “highly resilient” to shocks in the real estate market, but the credit cycle is changing and cushions can decrease, he admitted, pointing out that the policy priority is “preserving resilience.”.