Residential Bank Valuations Increase to €1,144/m2 in November

30 December 2020

According to data released by the National Statistics Institute (INE), the average value of bank valuations of home for mortgage applications reached 1,144 euros in November. The figure is equivalent to a 13-euro rose over October.

The data covers approximately 27,000 bank valuations, 8.2% more than in the same period last year. The rate of change was 6.3% year-on-year (5.8% in October).

The most intense variation was seen in the Algarve (7.3%), with the least in the Autonomous Region of Madeira (2.5%).

Original Story: Notícias ao Minuto

Translation: Richard Turner