Bank valuation for house purchase rises 13.9% to 1,380 euros/m2 in May

Bank valuation for house purchase rises 13.9% to 1,380 euros/m2 in May

In mortgage loan applications, the median value of the new contracts established a record valuation for real estate. In May, the median valuation was 1,380 euros per square meter.

Bank valuation for buying a house rises to 1,380 euros per m2

The Algarve, the Lisbon Metropolitan Area and the Alentejo Litoral presented assessment values 33.3%, 32.5% and 5.3%, respectively, higher than the country's median.

INE: Avaliação bancária subiu para 1.380 euros por m2 em maio

O valor mediano de avaliação bancária subiu 24 euros face ao registado em abril, de acordo com uma nota divulgada hoje pelo Instituto Nacional de Estatística (INE).

Bank valuation of houses increased by 24 euros per m2 in May

In May, the median value of bank valuation reached 1,380 euros per square meter. 13.9% higher than a year before.