From city centers to beautiful, quiet suburbs, the European property market can be very broad and offers many different accommodation options. However, taking into account recent events, prices for houses and apartments in EU countries may be slightly different than a few years ago.
A recent Eurostat report reveals that house prices have decreased by 1.1 percent in the second quarter of 2022, and these fluctuations have been even more pronounced over the past decade. Furthermore, rents have increased steadily over the same period, SchengenVisaInfo.com reports.
Here is a complete list of house prices across Europe, with the data combined between statistics website Statista, Immigrant Invest and Eurostat.
Buying a new home in Austria can cost around €492,500, as Statista data reveals that prices per square meter in the country vary between €4,925 for new homes and around €3,737 for existing homes. This means that buying existing houses in the countryside can cost around 373,700 euros.
Foreigners with a residence permit can buy a home in Austria, but it is necessary to have a monthly income of 4,000 euros or more to be able to participate in the residence permit program for people who do not need financial support.
On the other hand, foreigners without a residence permit may find it more difficult to buy real estate in the country, as they have to obtain permission from the authorities and comply with various conditions, which may include living in the same house or apartment for at least least three years. The suburbs of Vienna and the city itself are the most expensive, while in smaller towns real estate prices are lower.
Houses in Belgium can cost around €310,200, which means the price per square meter is €3,102, for a comfortably sized house with about 100 square meters.
Logically, real estate prices are higher in provinces with a greater concentration of population, such as Brabant, Antwerp and Brussels, where prices are around 4,000 euros per square meter.
This Eastern European country has one of the lowest housing prices, as the price per square meter costs €1,650, making a total of €165,000 for a 100 square meter house.
Housing prices per square meter are the highest in the capital Sofia, with a two-bedroom apartment costing between 145,000 and 180,000 euros, while houses can cost up to 450,000 euros.
This exceptionally beautiful country can accommodate people who like good weather and love to live near the beach. However, this is one of the few European countries where buying real estate in the capital is a little cheaper than in popular destinations.
While the average price of a house is around 167,800 euros throughout Croatia, per square meter of a house in Split rises to 2,985 euros, indicating that investors can pay 130,700 euros more in this city for a 100 square meter house than anywhere else. others in the country. Osijeka has the lowest prices per square meter in Croatia: around 1,057 euros.
Housing prices in this island country are only 200 euros higher than in Croatia; However, buying real estate in cities such as Limassol, La Aca, Paphos and Famagusta can really empty investors’ wallets, as the price per square meter is around 3,400 euros.
In other words, while one buys a house in a great location like Limassol, other investors can buy two properties of the same value in other parts of the country.
A house where a family can live comfortably costs around 375,300 euros in Czechia, and the square meter of existing houses costs around 2,570 euros, indicating that such a house can cost 2,570,000 euros in total.
This means that buying a house in more populated areas is €118,300 more expensive than in other regions.
Square meters in Denmark can cost from 3,104 euros for new houses to 2,469 euros for existing houses, which indicates that, on average, a 100 square meter house can cost up to 310,400 euros.
Foreigners in Denmark can have a really difficult time when they decide to buy a house there, as it is prohibited to sell residential properties to foreigners in cities and coastal areas, except to foreigners who have lived in the country for more than five years, those who have a residence or work permit and fellow EU citizens working in Denmark.
Estonia, Latvia and Lithuania
Foreigners in Estonia can buy real estate once they receive confirmation from the authorities, and generally only small islands and places close to the border with Russia are off the market for buying property.
New houses in Estonia can be bought for €312,000, while prices are lower in Latvia (€162,500) and Lithuania (€114,600).
Finland, Norway and Sweden
Of these three countries, houses cost the most in Sweden (699,200 euros), and the square meter of new houses amounts to 6,992 euros. House prices in Norway can reach a maximum of €420,400 and €518,300 in Finland.
Foreigners can easily buy property in Finland, except in the province of Aland, as well as in Norway and Sweden. However, prices vary and capital cities have more expensive properties.
France, Germany and the Netherlands
Prices for new houses in France can be around €463,900 and €348,900 for used houses, with the difference between these two types of houses being €115,000.
Furthermore, Statista data reveals that buying new houses in Germany can cost €480,000 while the price per square meter of existing houses can reach up to €3,400, indicating that the difference between new and existing houses can be around €140,000. €.
A new house in the Netherlands costs around €357,200, around €54,400 less than an existing house, and the price per square meter of these houses amounts to €3,572.
Foreigners in this European country can benefit from purchasing apartments and villas by obtaining a residence permit through the Greece Golden Visa. The minimum investment should be around 250,000 euros, while, on average, the price of the home can reach up to 361,900 euros.
Hungary, Slovakia and Slovenia
The price per square meter in Hungary, on average, reaches €2,515, while in Slovenia and Slovakia it can be between €1,927 and €1,593.
Ljubljana, on the other hand, can be more expensive than other cities in Slovenia, as the price per square meter is around €2,300. Similarly, the Bratislava region in Slovakia has higher prices (€2,231) compared to Banska Bystrica (€923).
Iceland and Ireland
House prices in Iceland can cost 339,000 euros, while in Ireland they are a little cheaper: approximately 335,000 euros. While in Dublin, the Irish capital, prices per square meter can reach 4,300 euros, in the central cities of Iceland they are around 3,828 euros.
Italy, Portugal and Spain
The famous Italian cities of Venice and Milan can be the most expensive in Italy: 4,467 euros per square meter, while, on average, a house in Italy can cost 189,600 euros.
House prices in Portugal can reach up to 10,000 euros per square meter in Lisbon, which indicates that buying a 100 square meter house there can cost around 1 million euros. Other regions such as Alentejo (€833) and Azores (€1,200) are cheaper.
Although Portugal has ended its golden visa program, the Spain Golden Visa Program It is still ongoing and an investor can obtain a residence permit by investing at least 500,000 euros in real estate. On average, new houses in Spain cost about 178,600 euros.
Poland and Romania
The square meters of a new house in Poland can reach the amount of €1,975, which is a total of €173,200. In Romania, new houses are, on average, cheaper than in Poland: about 137,000 euros.
Foreigners in Poland must obtain a permit before purchasing land for housing construction, and this must not exceed 50 acres, while foreign citizens in Romania can buy property there if they register it as owned by resident citizens who have lived in the country for at least 183 days a year.
In addition to having very high prices per square meter (€13,280), Switzerland also has many procedures for foreigners who want to buy property there. The purchase can only be made with special permission from the authorities of the municipalities, which have specific rules regarding the size of the home, the location and permission to resell the object.