Source: Freepik Author: Redaction The INE (National Statistics Institute) confirms an increase in the median value of the square metre in August, which reached €1,538, setting a new record compared to the increase in July . Despite the previous slowdown, the value of bank appraisals is once again accelerating. In year-on-year terms, the rate of change is 8.8 per cent, compared to 7.6 per cent in July. According to the statistical office, the most intense variation was seen in the Autonomous Region of Madeira, with 23.1 per cent, while the least significant was in the north, with 7.9 per cent. As for the monthly comparison, INE explains: all regions showed increases compared to the previous month except the Algarve (-0.6 per cent), with the most significant increase in the Autonomous Region of the Azores (5.6 per cent) . With regard to the number of bank appraisals, the figure stood at 24,600, which, according to INE, represents a decrease of 1.1 per cent compared to the previous period and a reduction of 6.3 per cent year-on-year . It can therefore be concluded that fewer people are asking for property valuations, while the value of the square metre is rising. The regions where the median value of the bank appraisal of housing is the highest are the Algarve, Área Metropolitana de Lisboa, Região Autónoma da Madeira and Alentejo: they had appraisal values 40.7 per cent, 33.6 per cent, 10.9 per cent and 5.1 per cent, respectively, higher than the countrys median. On the other hand, the lowest values were found in the North: Terras de Trás-os-Montes, Beiras e Serra da Estrela and Alto Alentejo were the regions with the lowest values in relation to the countrys median (-48.8%, -47.4% and 46.6% respectively) . Also read: Home loan portfolio has been falling for eight months , New moratorium on home loan interest: how does it work?