Portugal home bank valuations hit new record in April
Banks valued Portuguese homes at a record €2,174 per square metre in April, up 16.5% year on year, in a sign that housing market pressures remain strong.
Portuguese banks valued homes at a median €2,174 per square metre in April, up €23 from March and 16.5% from a year earlier, setting a new record, according to data published by Statistics Portugal. The figures point to continued pressure in the country’s housing market.
Apartments continued to drive the increase, with median bank valuations reaching €2,546 per square metre, up 21% year on year. The highest apartment values were recorded in Greater Lisbon at €3,352 per square metre and the Algarve at €2,910, while Alentejo and the Centre posted the lowest levels, at €1,490 and €1,657 respectively.
House valuations rose more moderately but still strongly, with the median reaching €1,561 per square metre, up 12.7% from April 2025. Greater Lisbon again led at €2,843 per square metre, followed by the Algarve at €2,667, while the Centre and Alentejo remained the cheapest regions at €1,147 and €1,279.
The Setúbal Peninsula recorded the fastest annual increase in overall housing valuations, at 24%. Compared with March, the Azores posted the biggest monthly rise, up 4.1%, and no region registered a decline. Greater Lisbon, the Algarve and the Setúbal Peninsula all remained above the national median.
Banks carried out 34,483 housing valuations in April, of which 62.4% were apartments and 37.6% houses. That was up 5% from the previous month but down 3.6% year on year.
Originally published at Eco.pt
