The median value of bank appraisals on housing reached €1,114 per square meter in May, €3 more than in the previous month. This represents a 0.3% increase when compared with April, and a year-on-year growth rate of 8.9%. It should be noted that, under the exceptional circumstances, the number of bank appraisals reported amounted to around 19 thousand, 21% lower than reported in the same month of the previous year.

The information in this release, referring to Mayl, 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.