The median bank valuation of housing in July was 1,525 euros per square meter, up seven euros from June and up 7.6% year on year, the National Institute of Statistics (INE) said this Monday.
In a statement released this Monday, INE said the number of bank valuations was around 25,000, representing an increase of 8.1% from the previous period and a decrease of 13.1% year-on-year.
All regions of the country showed growth compared to the previous month, with the exception of the Azores (-0.1%), with the most significant increase recorded in Madeira (3.3%).
Compared to July last year, the median value of estimates increased by 7.6%, with the highest variation in the Madeira region (20.5%) and the lowest in the North (6.7%).
In the reporting month, the median bank valuation of apartments was 1,698 euros per square meter, which is 7.8% more than in July 2022.
The highest values were observed in the Algarve (€2187/m2) and the Lisbon metropolitan area (€2048/m2), with Alentejo recording the lowest value (€1115/m2) and the Madeira region the highest. growth in the most expressive analogue (27.3%) and in the Northern smallest (7.4%).
The median value of T2 apartments (two bedrooms) fell by four euros, to 1,723 euros/m2, while T3 increased by six euros, to 1,498 euros/m2.
The median bank valuation of houses in July 2023 was 1,184 euros/m2, representing an increase of 4.9% compared to the same month of the previous year.
The highest values were observed in the Algarve (2144 €/m2) and the Lisbon area (2022 €/m2), while the lowest values were recorded in the Center and Alentejo (960 €/m2 and 1026 €/m2). respectively).
Alentejo saw the highest year-on-year growth (12.6%), with no region recording a decline.
Compared to the previous month, the appraised value increased by 0.9%, with Alentejo showing the largest increase (2%), with a single decrease in the Autonomous Region of Madeira (-0.2%).
The average cost of houses T2 and T3 in both cases increased by nine euros, to 1159 euros/m2 and 1156 euros/m2 respectively, while the typology T4 increased by 15 euros to 1266 euros/m2.