The price per square meter is one of the indicators used to calculate property valuations, helping to define the ideal negotiation value considering various factors such as the region and specific characteristics, such as the property category, state of conservation, or even finishes.
One of the fundamental points in real estate negotiation is the property's value. In this case, knowing the price per square meter becomes essential for both buyers and sellers.
For the year 2024, the price per square meter in the region was set at... 900,00€, by way of publication and approval of Regional Regulatory Decree 8/2024/M, February 2nd.
The price per square meter is calculated by professionals, based on data collected about properties in each region and their specific characteristics. This is because several factors are considered, such as leisure spaces, the region's infrastructure, the number of rooms, the location (city, neighborhood, and nearby points of interest), and finally, the property's structure, which depends on its age, finishes, and state of conservation.
Article written by Lourenço Silva, within the scope of the Work-Based Learning Program – APEL School – Legal Services Technician Course.