Algarve Property Online - Real Estate

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banking valuation was € 1,167 per m2, € 9 more than the previous month

0.6% higher than that observed for the dwellings (0.2%). At the regional level, the highest increases were in the Center (1%) and in the Algarve

1,190 euros per m2 in the Algarve

The increase in the rate of change of the chain was determined by the 0.8% increase in the evaluation of the apartments, 0.6% higher than that observed for the dwellings (0.2%). At the regional level, the highest increases were in the Center (1%) and in the Algarve Metropolitan Region (0.9%). The only decline was in the Autonomous Region of the Azores (-0.8%), "said INE.

In the case of apartments, the average value of the banking valuation was € 1,167 per m2, € 9 more than the previous month and an increase of 5.2% compared with the previous year.

"The average estimate of the typology of the T2 apartment is 1,166 € / m2, an increase of 13 euros compared to the previous month. For the T3 apartments, another of the typologies most frequently evaluated is had an increase of six euros, the average value increasing to 1,098 euros per m2, "reads the INE website.

As regards housing, in July the average value of the banking valuation was set at € 1,037 per m2, plus two euros in June and an increase of 4.3% compared with the same month last year.

According to the institute, compared with June, the average value of the bank assessment of the T3 housing typology has increased from 1 euro to 1.007 euros per m2. On the other hand, the T4 typology showed a contrary evolution, after decreasing by two euros, reaching 1,056 euros per m2.

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