SYNTHESIS INE@COVID-19, 6 Nov-2020

November . 06 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 3/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The median value of bank appraisals was the same as in the previous month In September 2020, the median value of bank appraisals on housing was the same as in the previous month: €1,128/m 2 . This figure represented a year-on-year slowdown, as the rate of change decreased from 7.0% in August to 5.8% in September. In this month, the number of reported bank appraisals, which underlies the results presented, was 24 thousand (3.0% more than in the same month of the previous year). Of these: • About 15,900 were bank appraisals concerning apartments; • About 8,900 were bank appraisals concerning houses. At a regional level (NUTS II), the median value of bank appraisals showed: • Compared to the previous month: - The largest increase in Região Autónoma da Madeira: 3.2%; - The largest reduction in the Centro region: -1.4%. • In year-on-year terms: - The highest rate of change in the Norte region: 7.4%; - The only reduction in Região Autónoma da Madeira: -0.2%. In September, on year-on-year terms, by type of housing, the median value of bank appraisals: • Went up by 7.1% concerning apartments to stand at €1,233/m 2 ; • Increased by 4,3% concerning houses to end at €953/m 2 . Median value of bank appraisals of apartments and houses - September 2020 (Euros/m 2 ) 1,233 € 953 € € 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 In September 2020, compared to the previous month, the median value of bank appraisals: • In apartments, by type: - T2 went up by €1, to €1,253/m 2 ; - T3 went down by €4, to 1,120/m 2 . Together, these two typologies represented 81.0% of apartment evaluations in September. • In houses, by type: - T2 went down by €8, to €815/m 2 ; - T3 decreased by €6, to €856/m 2 ; - T4 increased by €6, to €952/m 2 . These three typologies accounted for 58.4% of house evaluations. In September, the index of the median value of bank appraisals also shows that at NUTS III region level: • The following regions presented bank appraisals above the country’s median: - Área Metropolitana de Lisboa: +35%; - Algarve: +32%; - Região Autónoma da Madeira: +5%; - Alentejo Litoral: +1%. • The region of Beira Baixa presented the lowest value (41% less than the country’s median). More information available at: Survey on bank evaluation on housing – September 2020 (28 October 2020)