SYNTHESIS INE@COVID-19, 5 Feb-2021

February . 05 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In December 2020, compared to the previous month, the median value of bank appraisals: • In apartments: » T2: it went up by EUR 14 to EUR 1,238/m²; » T3: it increased by EUR 18 to EUR 1,154/m². These two typologies together accounted for 80.1% of the apartment appraisals carried out. • Concerning houses: » T2: it increased by EUR 19 to EUR 920/m²; » T3: it went up by EUR 22 to EUR 941/m²; » T4: it grew by EUR 13 to EUR 1,009/m². All three types accounted for 89.1% of bank appraisals on houses. In December 2020, the index of the median value of bank appraisals also shows that at NUTS 3 region level: • The following regions presented appraisal values above the country’s median: » Área Metropolitana de Lisboa: +33%; » Algarve: +32%; » Alentejo Litoral: +2%. • The Alto Alentejo region recorded the lowest value in relation to the country’s median: -42%. Annual review In 2020, the median value of bank appraisals was EUR 1,129/m² (+7.7% in the previous year). The appraisal value has increased in all NUTS 2 regions, with the highest rates of change registered in Área Metropolitana de Lisboa and Norte (+8.5% and +8.4% respectively) and the lowest in Alentejo (+1.7%). In 2020, the median values for bank appraisals were: • EUR 1,235/m² concerning apartments (+8.8% compared with the previous year, when it was EUR 1,135/m²); • EUR 949/m² regarding houses (+5.6% compared to the previous year, when it was EUR 899/m²). More information available at: Survey on bank evaluation on housing – December 2020 (28 January 2021)