en 
The median value per square meter was fixed at 1,420 euros
per square meter, nine euros less than in September.
Looking at the country, the biggest increase compared to the
previous month was registered in the Autonomous Region of Madeira (2.2%) and
the only decrease was in the North (-0.2%), indicates the INE. If the
comparison is made with October of last year, the median value of evaluations
grew by 13.5%, with the Algarve registering the highest variation (18.8%) and
the North the lowest (10.7%).
INE points out that “the number of bank assessments
considered decreased for the fourth consecutive month, standing at around 25.6
thousand, which represents a reduction of 8.6% compared to the same period of
the previous year and 22.7% less than in last May, the month in which the
maximum of the series was registered”. These data should already reflect the
slowdown in mortgage loans, which has been observed for three consecutive
months according to Bank of Portugal statistics.
Apartment prices
As for apartments, the median bank valuation value was 1,581
euros/m2, 14.2% more than in October 2021 and 0.6% less compared to the
previous month. “The highest values were observed in the Algarve (1,967
euros/m2) and in the Lisbon Metropolitan Area (1,878 euros/m2), with the
Alentejo registering the lowest value (1,033 euros/m2)”, notes the statistics
office.
By typology, the median value of the valuation for a T2
decreased by eight euros, to 1,599 euros/m2, with a T3 having dropped by two
euros, to 1,400 euros/m2. These typologies represented 78.6% of apartment
valuations carried out in the period under review.
House prices
As for houses, the median value of the bank valuation was
1,142 euros/m2 in October, having increased by 13.1% in relation to the same
month of the previous year and by 0.5% compared to September. “The highest
values were observed in the Algarve (2,079 euros/m2) and in the Lisbon
Metropolitan Area (2,009 euros/m2), with the Center and Alentejo registering
the lowest values (927 euros/m2 and 937 euros/m2, respectively)”.
Most expensive
regions
In the analysis by regions, it is possible to see that the Algarve, Área Metropolitana de Lisboa, Alentejo Litoral, and Região Autónoma da Madeira have the most expensive houses, having presented valuation values of 40.0%, 33.8%, 13, 3% and 0.8%, respectively, higher than the country's median. Alto Tâmega was the region that presented the lowest value in relation to the median of the country (-47.0%).
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Afrikaans
Majority of housing in Portugal is so rotten, so badly built that it should all be knocked down. The housing conditions in Portugal are worse than in Soviet Russia - shoddy, ugly and very very badly built. Hovels passing as touristic attractions.
By S from Other on 01 Dec 2022, 22:54
Not only badly built, but badly presented. Towns and villages in Spain, France, Italy, etc. overflow with colour. Where are the hanging baskets and window boxes? Usually a reflection of the house matriarch. So dour, here.
By Steve. from Algarve on 02 Dec 2022, 13:58
I have to agree with S. Without a doubt, housing is the most difficult and disappointing part of adjusting to life in Portugal. Parking on sidewalks, endless noise and construction, feeling like you're living with neighbors, barking dogs that are left on patios.....
By Judith Berns from Porto on 02 Dec 2022, 22:07