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Evaluation of houses increases almost 5% in a year, renewing maximums of 2011

Page created: Friday, 29 December 2017 14:29 GMT

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Evaluation of Houses

The banking evaluation of houses continues increasing. In November, the average price per square meter in Portugal stood at 1,444 euros, renewing maximums of May of 2011. In annual terms, the average price per square meter accelerated to 4.9%.

According to data disclosed this Thursday by INE (Statistics Portugal), housing prices increased 53 euros since November of 2016, and three euros in comparison to October of 2017. This upsurge in prices was registered both in apartments and dwellings.

This climb in the evaluation of houses happens in parallel with the trend of house prices. In the third quarter of the year, according to INE, real estate prices climbed 10%, which is the largest growth in prices since there is record in INE, whose history goes back to 2009. In addition, Portuguese banks have been more available to grant credit, especially to purchase houses, which is confirmed by the successive downward revision of spreads.