Home ownership refers to the legal state or condition of holding title to a residential property, allowing the individual or family who owns it to reside in and manage the property as they wish. This status provides homeowners with the right to modify, sell, or rent their property, and it often involves significant financial commitment, typically including a mortgage for most buyers. Home ownership is often associated with stability, investment, and the ability to accumulate equity over time, as the value of the property may appreciate. It is a key aspect of personal wealth in many cultures and is often a goal for individuals and families seeking to establish permanence and security in their living situation.
In 2025, Portuguese families are experiencing significant relief from their home loan payments, with recent revisions yielding reductions of nearly €110. As February approaches, a further decline is anticipated, potentially…