Frozen Bank Loan Payments – How it Affects Algarve Real Estate

The number of frozen bank loan payments held by realtors in Algarve continues to plunge in July, with the value of loans deferred by consumers decreasing by 50% as the economic recovery gains a bleak momentum.  According to Mario Centeno, Portugal’s central bank chief, consumer withdrawal of frozen bank loan payments is progressing well, with bad debt continually plummeting to incredibly low levels.

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