What has happened? The international consulting company Deloitte has published the latest report, the Property Index - Overview of European Residential Property Markets.
Austria, Germany, France and Norway. Each square in a new building in these countries costs more than €4,000.
Paris and Munich are the most expensive locations in Europe- here you will have to pay more than €10,000 per sq.m of real estate.
The highest annual growth rates in average transaction prices were recorded in Maribor (+38.2%; Slovenia), Sarajevo (+30.6%; Bosnia and Herzegovina).
Bosnia and Herzegovina is in the lead - a little more than €1,000 per square meter; prices on the secondary market will be even lower. You may observe relatively affordable prices for new housing in Greece, Romania and Portugal.
There is not a single European city among 76 cities in the survey with an average transaction price below 1,000 EUR/sqm. However, the lowest average transaction prices were recorded in Patra (1,056 EUR/sq.m; Greece), Niš (1,270 EUR/sq.m; Serbia), and Novi Sad (1,540 EUR/sq.m; Serbia).
The average transaction price for a new dwelling fell in 3 cities from Denmark - Copenhagen (-10.7%), Odense (-9.5%), Aarhus (-8.6%).
Please pay attention! The analysts collected data only in large cities; the housing in the provinces is always cheaper.