2022 Edition 20 MONTHLY STATISTICAL BULLETIN Bank appraisals increased to €1,417 per square metre In July 2022, the median value of bank appraisals, within the scope of credit applications for house purchases, was €1,417 per m2, €10 more (+0.7%) than that observed in June. The largest increase over the previous month occurred in Região Autónoma dos Açores (+1.9%) and the smallest in Alentejo (+0.2%). In comparison with the same period of the previous year, the median value of the appraisals increased by 16.1% (15.8% in June). The highest rate of change was recorded in Algarve (18.7%) and the lowest occurred in Região Autónoma dos Açores (8.1%). In July, the number of bank appraisals reported, which support the results presented, was around 28.6 thousand, 6.0% lower compared to the same month of the previous year. Of these appraisals: • About 18,300 concerned apartment appraisals; • Around 10,300 were house appraisals. In comparison with the previous month, 604 fewer bank assessments were carried out (-2.1%). In July 2022, year-on-year, the analysis by type of dwelling reveals that the median bank appraisal value: • It increased by 16.7% in apartments, settling at €1,575/m2; • It went up by 13.1% in house appraisals, to €1,129/m2. In July 2022, compared to the previous month, the median bank appraisal value: • In apartments: » T2 (two bedrooms): it increased by €13, to €1,589/m2; » T3: it increased by €6, to €1,404/m2. These two types of apartments together represented 78.5% of all apartment appraisals carried out. • In houses: » T2: it increased by €12, to €1,074/m2; » T3: it increased by €5, to €1,111/m2; » T4: it rose by €7, to €1,192/m2. These three types of housing together accounted for 88.7% of the house appraisals. More information is available at: Survey on bank evaluation on housing – July 2022 30 August 2022 1,575 € 1,129 € 0 500 1,000 1,500 2,000 2,500 RA Madeira RA Açores Algarve Alentejo AM Lisboa Centro Norte Portugal Houses Apartments euros/m2 Median value of bank appraisals – July 2022 Apartments and houses
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