In May 2021
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 2021, the average value of bank appraisals on housing in the Autonomous Region of Madeira reached €1 216/sq meter, decreasing by 0.8% from April 2021 and increasing by 5.8% from the year-ago month.
For the flats located in the Autonomous Region of Madeira, the median value of bank appraisals in the month of reference was €1 226/sq meter, down by 0.5% compared to previous month and up 7.2% over May 2020. In the case of row houses the value was lower (€1 194/sq meter), with the growth rates, by the same order, standing at -1.7% and +3.7%.
For Portugal, that same variable stood at €1 212/sq meter in the month of reference, up by 12 euros from the previous month (+1.0%). The year-on-year change rate was +8.8%. The highest values were registered in Área Metropolitana de Lisboa (€1 591/sq meter) and Algarve (€1 559/sq meter) followed by the Autonomous Region of Madeira (€1 216/sq meter).
