Bank valuation of houses up to new record

in Business · 04-09-2020 01:00:00 · 0 Comments
Bank valuation of houses up to new record

The median value of bank valuation rose €12 in July, to €1,127 per square metre (m2) compared to the previous month, surpassing the record it had reached in June, the National Institute of Statistics (INE) announced.

This figure represents a deceleration in year-on-year terms, with the rate of change slowing from 8.3 percent in June to 8.0 percent in July.

The number of bank assessments, according to the INE, rose to around 20,000 in July 2020, 15.9 percent less than in the same period of the previous year.

The largest increase over the previous month was registered in the North (1.4 percent) and the largest reduction was observed in Alentejo (-3.5 percent).

In comparison with the same period of the previous year, the median value of the valuations grew 8 percent, registering the most intense variation in the North (10.4 percent) and the smallest in the Alentejo (2.2 percent).


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