Bank house price valuations soar to new record

Bank house valuations soared to a new record of around €2,000 per square metre – increasing for the 22nd consecutive month according to data from the National Statistics Institute (INE).

It was a €30 increase on the previous month to €1,995m2 in September – just €5 from reaching the €2,000m2 mark.

“The median value of bank valuation in housing was €1,995 per square meter in September 2025, €30 more than that observed in the previous month. Year-on-year, the rate of change stood at 17.7% (18.1% in August),” states the National Institute of Statistics (INE).

The institute highlights “that the number of bank assessments considered was about 33 thousand, which represents an increase of 4.2% compared to the previous month and a decrease of 0.4% year-on-year”.

As was the case in recent months, the Setúbal peninsular presented a greater like-for-like variation, with the houses valuation value increasing 25.9% on the same month last year. No fall in valuations was registered revealing the buoyancy of the real estate market.

The median bank valuation of apartments in September was €2,307 per square meter, an increase of 22.6% compared to September 2024, with the highest values observed in Greater Lisbon (€3,025 /m2) and the Algarve (€2,740/m2). In the opposite direction, the Center of Portugal saw the lowest valuations (€1,512/m2).

In monthly terms, the valuation of one-bedroom apartments rose by €104 to €3,018/m2, with two-bedroom and three-bedroom apartments increasing by €46 and €14, respectively, to €2,390/m2 and €1,971/m2.

According to the INE, these typologies represented 92.9% of the apartment valuations carried out in the period under analysis.

Source: Jornal Económico