Europe: Square Metre Prices

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Monaco	€35,658
UK	€19,094
Russia	€13,408
France	€9,329
Switzerland	€7,138
Italy	€7,054
Ireland	€6,980
Finland	€6,468
Greece	€6,048
Luxembourg	€5,376
Montenegro	€4,759
Denmark	€4,607
Spain	€4,365
Andorra	€4,140
Czech Rep.	€4,015
Slovak Rep.	€3,597
Netherlands	€3,579
Lithuania	€3,539
Romania	€3,484
Poland	€3,348
Austria	€3,000
Slovenia	€2,926
Latvia	€2,860
Estonia	€2,841
Ukraine	€2,807
Malta	€2,646
Cyprus	€2,513
Croatia	€2,474
Belgium	€2,465
Germany	€2,332
Portugal	€2,225
Bulgaria	€2,214
Hungary	€2,207
Turkey	€1,390
Moldova	€1,013
Macedonia	€1,003

 

 

Europe: Square metre prices, premier city centre, €.

Average per square metre (sq. m.) prices in US$/€ of 120-sq. m. apartments located in the centre of the most important city of each country, either the:

• Administrative capital; and/or
• Financial capital; and/or
• The centre of the rental market

Residential square metre prices published by the Global Property Guide are based on in-house research, using a simple method we systematically scan web advertisements, looking at offers for sale, and offers for rent, of resale apartments and houses.

Properties are in excellent condition, with good facilities, and have been refurbished or redecorated within the last five years.

Newly-built and pre-sale property prices are not included. Buyers should expect the prices of new properties to be higher than house prices published by the Global Property Guide.

When was this data collected? Click on individual countries to see the data collection date.

Many countries produce residential house price time-series.

Source: Global Property Guide Research

 

European statistics. European house price and other economic statistics vary in quality. It is often a surprise to non-Europeans to discover that swathes of this rich, highly developed continent are not covered by good housing statistics.

Northern European countries have generally good house price time-series. In particular, all the Scandinavian countries generate excellent house price statistics. In the Baltics the situation is improving rapidly. Latvia generates an official annual house price time-series, and the realtor Latio publishes a monthly index. Lithuania has no official house price or rents time-series, but the firm Inreal publishes annual prices and rents for Vilnius for a few years. Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE.

Central Europe is mixed. German house price statistics are weak. France has very good statistics, the Netherlands has good data, Belgium and Austria have acceptable data. Spain has made giant strides, Portugal is weaker.

Southern Europe tends to have weak statistical data. There is a particular lack of housing statistics in Italy, Greece, and Turkey (though Italy has some private, for-sale, data generators).

Statistics in Eastern Europe are weak. Efforts are being made to change this, for instance Bulgaria began publishing a house price time-series in 2006. Aside from this, the Czech Republic has an official index, and in Poland, REAS Konsulting produces a for-sale index.