Summary
In the second quarter 2009, the average value of bank evaluation on housing on the mainland attained €1,168/sq. meter, corresponding to an increase of 1.7% from last quarter and decreasing 1.5% from the same quarter in the previous year. However, this decrease in the year on year change was slightly smaller than the one observed in the previous quarter (-5.8%). The highest average value was reported, as usual, in the Algarve region: €1,429/sq. meter. In Lisboa and Porto Metropolitan Areas, the quarterly rates of change were 2.2% and 1.0% respectively.