The median value of bank appraisals on housing reached €1,111 per square meter in April, €1 more than in the previous month. This represents a 0.1% increase when compared with March, and a year-on-year growth rate of 9.5%. It should be noted that, despite the exceptional circumstances, the number of bank appraisals reported amounted to around 22 thousand, slightly lower (-2%) than reported in the same month of the previous year.
The information in this release, referring to April, should already reflect some 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.