In year-on-year terms, the rate of change stood at 8.2% (7.8% in September).

"It should be noted that the number of bank assessments was around 26.9 thousand, which represents an increase of 7.8% compared to the previous period and an increase of 4.9% year-on-year", notes INE.

The central region registered the most significant increase compared to the previous month (0.7%) and the Autonomous Region of Madeira had the largest decrease (-2.3%).

Compared to October 2022, the median value of assessments grew by 8.2%, with the most intense variation being observed in the Autonomous Region of Madeira (19.6%) and the lowest in the Algarve (6.1%).

According to the Median Bank Valuation Index, in October 2023, the Algarve, the Lisbon Metropolitan Area, the Autonomous Region of Madeira and the Alentejo Litoral had valuation values of 37.3%, 32.4%, 11 .5% and 10.4%, respectively, higher than the country's median. Alto Tâmega, Beiras and Serra da Estrela and Terras de Trás-os-Montes were the regions that presented the lowest values in relation to the country's median (-49.9%, -49.0% and -48.5% respectively).