Friday , April 16 2021

Average value of the banking assessment of housing in Madeira low 1.9%

"The average valuation of the housing estates in the Autonomous Region Madeira (RAME) last month declined" almost 2% compared to the previous month, "but rose" more than 4% in the past years.

"In March 2019, the average value of the bank's housing appraisal in the AMR was 1.321 EUR / m2, registering a real decline of 1.9% compared to the previous month (February 2019) and an increase of 4, 2% over the same month from the previous year (March 2018), "summarizes the Regional Directorate of Statistics of Madeira (DREM).

The data released today by the National Statistical Institute (INE) and DREEM on the end of the morning reveal that in the apartments in the region "the average value of the bank valuation was 1,345 euros / m2, which is -1,7% compared with February 2019 and + 2.7% during the same month. In both islands of the archipelago, this indicator was 1.284 EUR / m2, which is 2.4% lower than in February 2019 and 5.2% more than the same period last year.

It should be noted that "the average bank estimate in Funchal in March 2019 was 1,468 euros / m2, reaching 1,560 euros / m2 in flats and 1,319 euros / m2 in flats, which represents monthly variations annual changes of + 6.6%, + 4.1% and + 10.6%, respectively, "he added.

Finally, compared to the regions in Portugal, "the average value of the country's banking valuation increased by 0.6% compared to February 2019 and amounted to EUR 1,247 / m2. The change for the year was + 6.9%. recorded in the Algarve (1.647 EUR / m2), in the Metropolitan Area in Lisbon (1.527 EUR / m2), in the third position, RAM with 1.321 EUR / m2), "he concludes.

It should be noted that between the seven regions, including the Azores, Algarve, Alentejo, the Lisbon metropolitan area, Center, North and Madeira, this region was the only monthly decrease, with the Azores registering a value equal to February.

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