Bank home valuations reached €2,254 per square metre in August
The national median used in mortgage valuations rose 0.6% in a month and 14.7% in a year, with apartments valued above houses on a square-metre basis.
Archived after its publication day. Search retains this original briefing for background and accountability.
Archived 12 September 2026The figures show the direction of mortgage valuations, but the bank will still assess the exact property and may value it below the agreed purchase price.
- The national median was €2,254 per square metre in August.
- Apartment valuations averaged €2,655 per square metre and houses €1,560.
- The Peninsula of Setúbal recorded the strongest annual rise, at 20.2%.
- A statistical median is not a loan offer or an independent property survey.
What changed in August
The median increased by €14 from July and was 14.7% higher than a year earlier. Banks completed about 32,650 valuations during the month, giving a broad picture of properties entering mortgage processes.
The movement was not uniform. The Peninsula of Setúbal rose 1.6% in the month, while the Algarve fell 1.2%. Property type, location, condition and comparable sales still decide the individual result.
Leave room for a valuation gap
A lender normally calculates the loan against the lower of the purchase price and its accepted valuation. If the valuation is below the price, the buyer may need more cash or a renegotiated deal.
Keep the valuation separate from legal checks and a building survey. A high bank figure does not prove that alterations are licensed or that the property is free from defects.
What you can do now.
- 01
Model the purchase with a valuation below the asking price.
- 02
Compare local completed sales rather than only national medians.
- 03
Keep legal and technical due diligence separate from the bank valuation.
Have a place we should experience?
Invite the Hub for a hosted visit, propose a story, plan a clearly labelled campaign or apply for a business profile.
Get clear on what has changed—and what to do next.
Book a private 30-minute session with one of our experts to understand how the update may affect your plans, what needs checking and whether you need specialist advice.
View sessions and request a time ↗