The median value of bank appraisals on housing reached €1,115 per square meter in June, €1 more than in the previous month. This represents a deceleration on a year-on-year basis, with the rate of change moving from 8.9% in May to 8.3% in June. It should be noticed that the number of bank appraisals reported has been decreasing sharply, amounting to around 16 thousand in June 2020, 27.5% lower than reported in the same month of the previous year.
The information in this release, referring to June, already reflects the effects of the COVID-19 pandemic, both on the behavior of the price index and on the amount of primary information used to its compilation. Despite the difficulties, we call for collaboration of companies in responding to INE's surveys. The quality of official statistics depends crucially on this collaboration that INE thanks in advance.