Families-in-debt at four-year low

More positive socio-economic news this week came in the announcement that the number of families in Portugal staggering under too much debt has fallen to the lowest figure for the last four years. The Bank of Portugal announcement has much to do with mortgages finally coming under control, with rates of non-payment falling consistently since last year. As of the end of December, families’ debts stood at 4.53 billion.