Euribor is rising again: what changes in your instalment

After a long stretch of decline, Euribor — the index that drives most mortgages in Portugal — has started rising again. Small moves in the index feed straight into the instalment for anyone on a variable rate.

If you already have a mortgage

On a variable rate, your instalment tracks Euribor at the reset date (usually every 3, 6 or 12 months). It's worth knowing your reset term and running scenarios before you're caught off guard.

If you're about to borrow

The fixed-vs-variable question gains weight. A fixed rate costs a little more but gives you a predictable instalment; a variable one may be cheaper today and dearer tomorrow. There's no single answer — it depends on your horizon and risk tolerance.

See our guide to mortgages for non-residents before deciding.

Source: idealista and the money market. Not financial advice. Our analysis.