These are mortgage loans, but the money granted by banks is not used to buy houses. In 2024, families requested more than €2.1 billion in real estate collateral to make further acquisitions.
Home loan loans have been growing significantly, but there is also strong demand for another type of mortgage financing in which properties are used as collateral to obtain funds that are not used to purchase homes.
They are often “second mortgages,” the result of rising property prices, which allow families to access cheaper credit that they use for a wide variety of purposes.
in https://www.jornaldenegocios.pt/empresas/imobiliario/detalhe/segundas-hipotecas-disparam-com-alta-dos-precos-das-casas
