SYNTHESIS INE@COVID-19, 8 Oct -2020

October . 08 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/14 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Survey on bank evaluation on housing – August 2020 (28 September 2020) At regional level (NUTS II) in August 2020: • Compared to the previous month: - Área Metropolitana de Lisboa registered the biggest increase: +0.7%; - Região Autónoma dos Açores recorded the largest decrease: -1.9%. • In year-on-year terms: - Norte registered the highest rate of change: +9.8%; - Região Autónoma da Madeira recorded the lowest rate of change, and the only decrease: -2.7%. The analysis by type of housing reveals that in August, the median bank appraisals was €1,234/m 2 for apartments and €956/m 2 for houses, which corresponds to increases of 8.6% and 5.4%, respectively, compared to August 2019. Median value of bank appraisals of apartments and houses (Euros/m 2 ) Still concerning the median value of bank appraisals, but compared to the previous month: • Apartments, by type: - T2 went up by €6, to €1,252/m 2 ; - T3 went up by €13, to €1,124/m². Together, these two typologies accounted for 81.2% of the apartment appraisals in August. • Houses, by type: - T2 went up by €24, to €823/m²; - T3 went down by €2, to €862/m²; - T4 went down by €19, to €823/m². Together, these three typologies accounted for 57.2% of housing evaluations. In August, 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: +34%; - Algarve: +33%; - Região Autónoma da Madeira: +9%; - Área Metropolitana do Porto: +1%. • Beiras e Serra da Estrela and Beira Baixa were the regions that presented the lowest values: 40% less than the country’s median. 1,234€ 956€ - € 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