SYNTHESIS INE@COVID-19, 31-Aug-2020

Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt www.ine.pt pág. 2/5 August . 31. 2020 SYNTH SIS IN @ COVID-19 More information available at: Survey on bank evaluation on housing (27 August 2020) • In year-on-year terms: - Norte registered the highest rate of change: +10.4%; - Alentejo recorded the lowest rate of change: +2.2%. The analysis by type of housing reveals that in July, the median bank appraisals was €1,229/m 2 for apartments and €964/m 2 for houses, which corresponds to increases of 8.8% and 7.7%, respectively, compared to July 2019. Median value of bank appraisals of apartments and houses in July 2020 (Euros/m 2 ) 1,229 € 964 € 0 € 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 Still concerning the median value of bank appraisals, but compared to the previous month: • Apartments, by type: - T2 went up by €13, to €1,246/m 2 ; - T3 went up by €20, to €1,111/m 2 . Together, these two typologies accounted for 81.2% of the apartment appraisals in July. • Houses, by type: - T2 went up by €17, to 799/m 2 ; - T3 went up by €9, to €864/m 2 ; - T4 went down by €31, to €965/m 2 . Together, these three typologies accounted for 57.1% of housing evaluations. In July, 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: +36%; - Algarve: +32%; - Região Autónoma da Madeira: +7%; - Área Metropolitana do Porto: +1%. • Terras de Trás-os-Montes was the region that presented the lowest values: 44% less than the country’s median.