Portugal news: Available houses for sale down 13%

  • 4 May, 22

The median value of bank appraisal in housing rose in March to a new historic high of €1,331 per square metre, a year-on-year increase of 12.1% and an additional €17 euros compared to February.

For this calculation, the number of bank evaluations considered exceeded 32,000, 23.5% more than in the same month of 2021, according to the National Statistics Institute (INE).

In March, the biggest increase in the median value of bank valuation compared to January was registered in Alentejo (2.8% to 928 euros). The only region that showed a negative chain variation was the Algarve (0.6% less to 1,800 euros).

In the month under review, the median bank appraisal value of apartments was 1,476 euros/m2 (square meter), 13.5% more than in March 2021 and 1.0% compared to the previous month.

The highest value of apartments was observed in the Algarve (1,794 euros/m2) and the lowest in Alentejo (964 euros/m2).

Cre: Portugalnews