However, the month-on-month figure was better with the €4 rise on May representing a 0.4% increase.


The slide in the average property value stemmed primarily from apartment prices with an annualised decline of 2.9% and partially due to a change in the typologies subject to mortgage evaluation analysis.


Nevertheless, the average bank evaluation of apartments rose 0.3% on May and reached a total of €1,078 per square metre.


In terms of detached residences, the average per square metre prise put on 0.8% month-on-month, against 0.6% in May, to reach €951 and up 1.8% in annualised terms, against 1.6% in May.


Lisbon experienced the sharpest slowdown in the annualised property price rises with June seeing the average rise come in at 5.1% and down from the 6.1% experienced in May.


The Alentejo region was the only area to see prices firm up in June with the annualised rise hitting 4.5% against 1.4% in May.