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Property Index – Real Estate Prices
How much does housing cost in Europe?
The publications provide summary information on property prices in selected European countries.
PROPERTY INDEX 2024
Slovakia is no longer the least affordable country with respect to housing. While Slovaks need 12.7 annual gross salaries on average to purchase a new 70 sqm dwelling, Czechs need to save 0.6x more (13.3 annual gross salaries). Last year, the average bid price of a new dwelling in Slovakia was EUR 3,107 per sqm, a 1.6% decrease year-on-year.
As regards the average transaction price of a new dwelling, Israel (EUR 5,439 per sqm) remains the most expensive country, while Bosnia and Herzegovina continues to be the most affordable country (EUR 1,315 per sqm). Paris ranked as the most expensive city in 2023 (EUR 14,900 per sqm). The most affordable city is again Patra, Greece (EUR 1,203 per sqm).
PROPERTY INDEX 2023
Slovakia is the least affordable country with respect to own housing. Slovaks need 14.1 annual gross salaries on average to purchase a new 70 sqm dwelling, 1.4 annual gross salaries more than last year. The average transaction price of a new dwelling is EUR 3,156 per sqm, a 19.1% increase year-on-year.
After its return to the ranking, the most expensive country in terms of new dwelling prices is Israel (EUR 5,701 per sqm), while the most affordable country is again Bosnia and Herzegovina (EUR 1,237 per sqm). The most expensive city in 2023 was Tel Aviv (EUR 14,740 per sqm). The lowest average transaction prices were in Patra, Greece (EUR 1,056 sqm).
PROPERTY INDEX 2022
Slovakia is the second least affordable country in Europe with respect to own housing after the Czech Republic. Slovaks need 12.8 annual gross salaries to purchase a new 70 sqm dwelling, which is over 2 gross salaries more compared to last year’s data. The price of a new dwelling is EUR 2,650 per sqm. As regards average monthly rent, Bratislava was ranked the second most expensive city (EUR 11.6 per sqm) in Central Europe.
The most expensive country in terms of new dwelling prices is the UK (EUR 4,905 per sqm), while the most affordable country is Bosnia and Herzegovina (EUR 974 per sqm). Paris tops the list as the most expensive city (EUR 13,462 per sqm), and the least expensive of 68 European cities included in the survey is Varna, Bulgaria’s third largest city (EUR 885 per sqm).
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