In December 2019

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

According to the information released today by Statistics Portugal (INE), in December 2019, the average value of bank appraisals on housing in the Autonomous Region of Madeira reached €1 413/sq meter, dropping by 1.2% from November 2019 and increasing by 5.4% 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 €1 445/sq meter. In the case of row houses the value was lower (€1 372/sq meter).

For Portugal, that same variable stood at €1 321/sq meter in the month of reference, 0.7% above the previous month. The year-on-year change rate was +8.3%.

In 2019, the average value of housing bank in RAM grew below the national average

In 2019, the average value of bank appraisals rose to €1 385/sq meter, an increase of 5.2% compared to 2018 (€1 316/sq meter). Considering the type of the accommodation, in 2019, the average value of appraisals increased by 5.3% in flats and by 5.1% in row houses, to €1 414/sq meter and €1 346 euros/sq meter, respectively (€1 343/sq meter and €1 281/sq meter, in 2018). At the country level, overall growth was 7.9%, reaching 9.5% in flats and 5.2% in row houses. Algarve (+10.9%) and Norte (+8.7%) were the regions with the highest increases, in contrast to the Autonomous Regions of the Azores and Madeira, where the growth in this indicator was less pronounced (+5.4% and +5.2%, respectively).

Given the available time series, the average value of bank appraisals in the Region has been growing since 2015, with the value of 2019 being the highest since 2012.

For more information, please click on:

• Time Series

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