Wednesday, June 24, 2015

Bank evaluation rises to September maximum – Jornal de Negócios – Portugal

The average assessment that banks make to the housing lending increased again in May, said the National Statistics Institute (INE). Grew 10 euros per square meter from the previous month.

Five months ago the average value of bank evaluation at national level does not diminish. May, increased again. Reached 1,026 euros per square meter, which is the highest since last September, according to data from the National Statistics Institute (INE).

“The average bank the total evaluation the country stood at 1,026 euros per square meter in May, an increase of 10 euros per square meter compared to the value observed in April (1.0% variation), “the INE. Compared to the same period last year, the change was more significant. Increased 3.1%, compared with an increase of 2.6% in the previous month.

The Lisbon Metropolitan Area was again one that contributed most to this growing trend, with an increase of 1, 3% to an average assessment of 1,253 euros per square meter. Still, in all regions of the country have occurred in May, “variations in positive chain”.

Regarding the type of housing, the average value of bank evaluation of apartments amounted to 1,075 euros per square meter in May, representing an increase of 11 euros per square meter or a rise of 1.0% from the previous month. Over the same period, the increase was 4.4%.

The Algarve and the autonomous regions of Madeira and the Azores were the regions that observed the most significant increases, with the average values ​​of evaluation to ascend to 1,244 euros per square meter, 1,239 euros per square meter and 1,044 euros per square meter, respectively.

With regard to housing, the bank evaluation on average for the whole country stood at 943 euros per square meter, which means an increase of six euros per square meter compared with April. All regions recorded positive variations in jail, except for the central region, with a fall of 0.4% to an average of 816 euros per square meter.

In this period, the average value of assessment of housing totaled 1.6%, after having decreased 0.5% in April).

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