House valuation keeps rising over the last 25 months. New record beaten
The Portuguese real estate market keeps beating new records month after month.
House valuation by banks keeps rising over the last 25 months in Portugal’s vibrant real estate market. April’s average value was 1,256 per square meter, which represented an increase of 0.7% relative to March and an increase of 7.3% relative to April 2018.
According to the Portuguese National Institute of Statistics, flats were the type of property that has increased most in value (a 13 euros’ increase from March to April this year), reaching the market value 1,333€ per square meter. Houses come right after with a shy increase of 3 euros from March to April, standing at 1.131€ per square meter.
Geographically speaking, the biggest increase in house valuation was registered in Madeira at 3% and the lowest in Lisbon at 0.2%.