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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 2021
Slovaks need 10.6x their annual gross salary to buy a new 70 m² apartment. Slovakia and Austria tied for 3rd and 4th in the affordability of housing ranking. Bratislava saw the highest year-on-year change in the prices of new apartments of all capital cities (+13%).
The latest study, which analysed 24 European countries, found that Austria is the most expensive country to buy a new property in, at almost EUR 4 500/m². The most affordable country is Bulgaria, where new housing costs are less than EUR 580/m². Owning an apartment is most expensive for Serbians, who have to pay 15.2x their annual gross salary for an apartment with an area of 70 m². The Irish have it easiest, and need about 3 years’ salary for the same size apartment.
PROPERTY INDEX 2020
Bulgaria has the lowest prices of new apartments at EUR 550/m². The most expensive country in the Property Index is Luxembourg where prices exceed EUR 7 100/m². Paris is the most expensive European city for buying an apartment (EUR 12 863/m²).
For the fourth year in a row, Czechs are in the unpopular first place in the ranking of (un)affordability of housing. They have to pay 11.4x their annual gross salary for a 70 m² apartment. Although housing is more affordable for Slovaks than Czechs, 9.9x the annual gross salary is still needed to buy 70 m² in Slovakia.
The study monitored data in 23 countries. See Property Index 2020 for more detailed information.
PROPERTY INDEX 2019
Czechs must save longest to buy their property. They need up to 11.2x their annual gross salary to buy a 70 m² apartment. Apartment prices in Prague increased by 22% year-on-year, the largest increase of all analysed capital cities.
The Portuguese have the most affordable housing: they need to save for 3.8 years to buy a new 70 m² property. With a price of EUR 1 088 per m², Portugal is also the cheapest of all the countries in the study. The most expensive countries in the ranking are Norway and France, where the price of a new property exceeds EUR 4 000/m².
Learn more in Property Index 2019 with an overview of the real estate markets of 16 European countries.
Are you interested in this topic? Check out all published editions of the Property Index.
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