Portugal: Average property value rises to €1,109/m2 in February

Page created: Monday, 27 March 2017 15:04 GMT

Bank valuations for property  Property value

Lisbon, March 27 (Lusa) – The average price of bank valuations for property in Portugal rose to €1,109 per square metre (m2), in February, a rise of 5.7% compared to February 2016, the National Statistics Institute (INE) said on Monday.

According to INE, the on month rise is the equivalent of 0.3%, or €3.

“The Lisbon Metropolitan Area (variation of 0.5% and a valuation of €1,348 euros/m2) contributed most to the on month rise seen across the country,” INE noted.

Only in the islands of Madeira and the Azores were their drops in average property valuations compared to January.

Compared to the same month of 2016, INE said, the average valuation across the country rose by 5.7% in February (5.6% up on the previous month), and the Algarve, with a rise of 8.7% (5.7% the previous month) experiencing the biggest rise.