SYNTHESIS INE@COVID-19, 8 Jan-2021

January . 08 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/7 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Median value of bank appraisals of apartments and houses October 2020 (Euros/m 2 ) More information available at: Survey on bank evaluation on housing – November 2020 (27 December 2020) 1,252 € 954 € € 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 November, on a regional level (NUTS II), the median value of bank appaisals recorded registered: • Compared to the previous month: » The largest increase in Região Autónoma dos Açores: 1.1%; » The only reduction in Região Autónoma da Madeira: -0.1%. • In year-on-year terms: » The highest rate of change in Algarve: 7.3%; » The smallest rate of change in Região Autónoma da Madeira: 2.5%. The analysis by type of housing reveals that in November 2020, on a year-on-year basis, the median value of bank appraisals: • Concerning apartments, it increased by 7.1% to EUR 1,252 euros/m²; • Regarding houses, it went up by 4.6% to EUR 954 euros/m². In November 2020, the index of the median value of bank appraisals also shows that, at NUTS III regional level: • The regions that presented appraisal values above the country’s median were: » Área Metropolitana de Lisboa: +37%; » Algarve: +32%; » Alentejo Litoral: +2%. • The region of Beira Baixa presented the lowest value (42% below the country’s median). In November 2020, compared to the previous month, the median value of bank appraisals: • In apartments: » T2 typology: it increased by EUR 14 to EUR 1,269/m 2 ; » T3: it rose by EUR 9 to EUR 1,136/m 2 . These two typologies together accounted for 80.4% of the bank appraisals concerning apartments. • In houses: » T2 typology: it increased by EUR 46 to EUR 901/m 2 ; » T3: it rose by EUR 33 to EUR 919/m 2 ; » T4: it grewby EUR 27 euro to EUR 996 euro/m 2 . All three types accounted for 80.4% of housing appraisals.