In July 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 July 2020, the average value of bank appraisals on housing in the Autonomous Region of Madeira reached €1 110/sq meter, decreasing by 2.7% from June 2020 and rising by 3.4% 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 €1 125/sq meter, up by 1.1% and 4.9%, when compared to last June and July 2019, respectively. In the case of row houses the value was lower (€1 105/sq meter), with the growth rates, by the same order, standing at -3.9% and 2.9%.
For Portugal, that same variable stood at €1 127/sq meter in the month of reference, up by 12 euros from the previous month (+1.1%). The year-on-year change rate was +8.0%. The highest values were registered in Algarve (€1 532/sq meter) and Área Metropolitana de Lisboa (€1 488/sq meter) followed by the Autonomous Region of Madeira (€1 110/sq meter).
