The value of the square metre in bank property valuations rises 17.1% in May and surpasses €2,200 for the first time in Portugal.
Source: Adobe Stock
Author: Redaction
Bank valuation of the square metre on the rise
The value of the square metre in housing bank valuations reached a new high in May, reflecting a strong acceleration in the value of the square metre in Portugal. According to INE, the value of the square metre stood at €2,208, representing a year-on-year increase of 17.1%. This rise confirms the
upward trend in the value of the square metre in Portugal in mortgage lending, with new historical highs.
Apartments drive square metre value higher
In apartments, the value of the square metre in Portugal rose to €2,580, with significant growth compared to the previous year. Greater Lisbon and the Algarve continue to record the highest square metre values, while other regions show lower levels. The evolution of the value of the square metre in Portugal was widespread across all regions, with no negative exceptions. More in-demand property types also recorded increases in the value of the square metre in Portugal.
Houses and regional disparities
In houses, the value of the square metre in Portugal reached €1,581, with a steady year-on-year increase. Greater Lisbon and the Algarve once again lead the value of the square metre in Portugal, while the Centre and Alentejo maintain the lowest levels. Regional variations confirm growing pressure on the value of the square metre in Portugal, with significant differences across the country.
Bank valuations and market trend
The number of bank valuations rose slightly, reflecting greater dynamism in mortgage lending. The increase in the value of the square metre in Portugal reinforces the upward trend in the real estate market, driven by demand and limited supply. The sustained rise in the value of the square metre in Portugal confirms the continuation of the growth cycle in the housing sector.
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