SYNTHESIS INE@COVID-19, 22 mar-2021

March . 22 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/11 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Bank appraisals increased to EUR 1,170 per square meter The median value of bank appraisals in January 2021 was EUR 1,170 per m 2 , EUR 14 more than in the previous month. In year-on-year terms, the rate of change stood at 6.1% (6.0% in December). In January, the number of reported bank appraisals, which support the results presented, was approximately 25,000 (+3.2% than on the same month last year). Of these: • Around 15,800 were appraisals on apartments; • About 9,000 referred to house appraisals. At the regional level (NUTS II), the median value of bank appraisals registered in January showed: • Compared with the previous month: » The largest increase in the Norte region: 0.9%; » The sharpest reduction in Região Autónoma da Madeira: -1,3%. • In year-on-year terms: » The highest rate of change in the Norte region: 5.7%; » The smallest reduction (and the only declining rate of change) in Alentejo: -0.7%. In January 2021 and in year-on-year terms, the analysis by type of dwelling shows that the median value of bank appraisals: • Increased by 7.0% in apartments to EUR 1,284/m 2 ; • In houses, it increased by 4.9%, to EUR 968/m 2 . Median value of bank appraisals – January 2021 Apartments and houses (Euros/m 2 ) 1,284 € 968 € € 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