According to INE, the on month rise is the equivalent of 0.3%, or €3.

“The Lisbon Metropolitan Area (variation of 0.5% and a valuation of €1,348 euros/m2) contributed most to the on month rise seen across the country,” INE noted.

Only in the islands of Madeira and the Azores were their drops in average property valuations compared to January.

Compared to the same month of 2016, INE said, the average valuation across the country rose by 5.7% in February (5.6% up on the previous month), and the Algarve, with a rise of 8.7% (5.7% the previous month) experiencing the biggest rise.