SYNTHESIS INE@COVID-19, 5 Feb-2021

February . 05 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Bank appraisals went up to EUR 1,156 per square meter In December 2020, the median value of the bank appraisals on housing was EUR 1,156 per square meter, EUR 12 more than the previous month. The year-on-year rate of change was 6.0% (6.3% in November). In December, the number of bank appraisals reported, which underlies the results presented, was approximately 26 thousand (+4.4% than in the same month of the previous year). Of these: • 16,700 were apartment appraisals; • 9,500 were house appraisals. At the regional level (NUTS 2), in December, themedian value of bank appraisals recorded showed: • Compared to the previous month: » The largest increase in Área Metropolitana de Lisboa: +1.2%; » The most significant reduction in Algarve: -1.9%. • In year-on-year terms: » The highest rate of change occurred in Norte: +6.4%; » The smallest rate of change in Alentejo: +1.0%. In December 2020, the median value of bank appraisals by type of housing, in year-on-year terms, revealed that: • In apartments, it increased by 7.0% to EUR 1,266/m²; • In houses, it increased by 3.7% to EUR 957/m². Median value of bank appraisals – November 2020 Apartments and houses (Euros/m 2 ) 1,266 € 957 € € 200 € 400 € 600 € 800 € 1,000 € 1,200 € 1,400 € 1,600 € 1,800 € RAMadeira RAAçores Algarve Alentejo AM Lisboa Centro Norte Portugal Houses Apartments