Portugal banks raise mortgage approval standards
Portuguese banks are making it harder to qualify for mortgages, tightening lending criteria even as overall applications fall due to rising property costs. Stricter requirements mean borrowers now face higher barriers to homeownership.
Why it matters for your move
Critical if you're planning to buy property in Portugal—qualifying for financing is becoming more difficult.
This is Re-locant.com’s own brief, written to explain what the update means for people moving to or living in Portugal. For the full original report, see the source below.