The record-breaking delinquency rate was largely driven by struggles in the commercial property market, where the ratio remained at a peak of 5.6 per cent for the third consecutive month. This, combined with a slight rise in residential delinquency to 3.9 per cent, kept the overall rate elevated.
Meanwhile, total outstanding loans in both sectors continued a downward trend. By the end of November, outstanding residential mortgages fell to 207.77 billion patacas and commercial loans to 140.45 billion patacas.
On the other hand, the new residential mortgage loans (RMLs) rose 6.3 per cent month-on-month to 1.25 billion patacas, driven primarily by resident borrowers. On a three-month moving average basis (September–November), new RMLs increased 13.7 per cent to 1.19 billion patacas.
Conversely, new commercial real estate loans (CRELs) plummeted 52.0 per cent monthly to 410 million patacas, with the three-month moving average dropping 33.5 per cent.
