SEPTEMBER 2022 13 MONTHLY STATISTICAL BULLETIN Bank appraisals decreased to €1,414 per square meter In August 2022, the median value of bank appraisals, within the scope of credit applications for house purchases, was €1,414 per m2, €3 less (-0.2%) than was observed in July. This reduction resulted from the decrease in housing prices (-0.3%), with the monthly variation of apartments being slightly positive (+0.1%). The largest increase over the previous month was recorded in Região Autónoma dos Açores (2.7%) and the highest decrease occurred in Norte (-0.3%). Compared to the same period last year, the median value of appraisals grew by 15.8% (16.1% in July). The highest rate of change was recorded in Algarve (19.0%) and the lowest occurred in Região Autónoma dos Açores (10.5%). Average Banking Valuation – August 2022 Apartments and Houses It shouldbenoted that thenumber of bank appraisals decreased for the third consecutive month, standing in August at around 26.3 thousand, which means a reduction of 10.4% compared to the same period of the previous year and 20.7% less than last May, when the maximum of the series was recorded. Of the appraisals considered in August: • About 16,700 concerned apartments; • About 9,600 were house appraisals. In August 2022, year-on-year, the analysis by type of dwelling reveals that the median bank appraisal value: • It increased by 16.3% in apartments, settling at €1,577/m2; • It rose by 14.1% in house appraisals, to €1,126/m2. In August 2022, compared to the previous month, the median bank appraisal value: • In apartments: » T2 (two bedrooms): it rose by €8, to €1,597/m2; » T3: it went down €1, to €1,403/m2. These two typologies together accounted for 78.9% of all apartment appraisals carried out. • In houses: » T2 (two bedrooms): it rose by €6, to €1,080/m2; » T3: it decreased by €4, to €1,107/m2; » T4: it rose by €6, to €1,198/m2. These three types of housing together accounted for 88.6% of the house appraisals. More information is available at: Survey on bank evaluation on housing – August 2022 27 September 2022 1,577€ 1,126€ 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
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