Average property value rises in Portugal

Portugal Property

The average price of bank valuations for property in Portugal rose by €6 in January to €1,106 per square meter (m2), in January compared to the previous month, the National Statistics Institute (INE) said.

According to INE, this on month rise is the equivalent of 0.5%, compared to a rise of 0.8% the previous month.

Year on year, the variation in average bank valuations for providing home loans, rose from 4.8% in December to 5.6% in January.

Only in the islands of Madeira and the Azores were their drops in average property valuations compared to December 2016, and the Lisbon Metropolitan Area (with a rise of 0.8% and a value of €1,341/m2) “contributed the most” to the on month rise in the country.

The North of the country, with a year on year increase of 6.2% (5.2% the previous month), was the region with the biggest rise.