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In May 2020

Median value of bank appraisals on housing in the Autonomous Region of Madeira decreased from the previous month and increased year-on-year

In May 2020, the average value of bank appraisals on housing in the Autonomous Region of Madeira reached €1 141/sq meter, decreasing by 0.5% from April 2020 and rising by 7.8% from the year-ago month.

For the flats located in the Autonomous Region of Madeira, the average value of bank appraisals in the month of reference was €1 138/sq meter, down by 1.6% and up by 7.1%, when compared to last April and May 2019, respectively. In the case of row houses the value was higher (€1 147/sq meter), with the growth rates, by the same order, standing at 0.3% and 12.6%.

For Portugal, that same variable stood at €1 114/sq meter in the month of reference, up by 3 euros from the previous month. The year-on-year change rate was +8.9%. The highest values were registered in Algarve (€1 512/sq meter) and Área Metropolitana de Lisboa (€1 485/sq meter) followed by the Autonomous Region of Madeira (€1 141/sq meter).

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