Europe: Square Metre Prices

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Andorra	€4,140
Austria	€3,000
Belgium	€2,465
Bulgaria	€2,214
Croatia	€2,474
Cyprus	€2,513
Czech Rep.	€4,015
Denmark	€4,607
Estonia	€2,386
Finland	€5,690
France	€9,961
Germany	€2,882
Greece	€6,622
Hungary	€1,683
Ireland	€5,483
Italy	€5,541
Latvia	€2,286
Lithuania	€2,406
Luxembourg	€5,376
Macedonia	€1,003
Malta	€2,646
Moldova	€1,013
Monaco	€35,658
Montenegro	€4,759
Netherlands	€3,579
Poland	€3,348
Portugal	€2,848
Romania	€3,484
Russia	€11,851
Slovak Rep.	€2,622
Slovenia	€2,748
Spain	€3,932
Switzerland	€7,128
Turkey	€1,390
UK	€14,421
Ukraine	€2,807

 

 

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.