Buying a House in Europe Can Cost

From city centers to beautiful and quiet suburbs, the European real estate market can be vast and offers a wide variety of housing options. However, with recent developments, house and apartment prices in EU countries may be slightly different than they were a few years ago. A recent Eurostat report revealed that house prices fell by 1.1% in the second quarter of 2022, and these fluctuations have been even more pronounced over the past decade. On the other hand, rents have increased steadily over the same period. Below is the full list of house prices in Europe, with data combined between statistics websites, Statista, Immigrant Invest and Eurostat.

Austria

Buying a new home in Austria can cost around 492,500 euros, as Statista data reveals that the price per square meter in the country ranges between 4,925 euros for new homes and around 3,737 euros for semi-detached houses. existing house. This means that buying existing homes in the country can cost around €373,700. Foreigners with a residence permit can purchase accommodation in Austria, but must have a monthly income of 4,000 euros or more to participate in the residence permit program for those who do not need a residence permit. On the other hand, foreigners without a residence permit may find it more difficult to buy real estate in the country because they must apply for permission from the authorities and meet certain conditions, which may include living in the same house. house or apartment for at least three years. . The suburbs of Vienna and the city itself are the most expensive, while in smaller towns real estate prices are lower.

Belgium

Houses in Belgium can cost around 310,200 euros, which means the price per square meter is 3,102 euros for a house with a comfortable area of ​​about 100 square meters. Logically, real estate prices are higher in provinces with higher population density, such as Brabant, Antwerp and Brussels, where prices reach around 4,000 euros per square meter.

Bulgaria

This Eastern European country has one of the lowest house prices, as the price per square meter is 1,650 euros, a total of 165,000 euros for a 100 square meter house. House prices per square meter are highest in the capital Sofia, with two-bedroom apartments costing between 145,000 and 180,000 euros, while houses can cost up to 450,000 euros.

Croatia

This exceptionally beautiful country can be home to people who love good weather and like to live near the beach. However, it is one of the few European countries where real estate in the capital is slightly cheaper than in popular destinations. While average house prices reach 167,800 euros across Croatia, the square meters of a house in Split amount to 2,985 euros, suggesting that investors in this city can pay an extra 130,700 euros for a 100-meter house square compared to anywhere else. elsewhere in the country. Osijeka has the lowest square meter price in Croatia – around €1,057.

Estonia, Latvia & Lithuania

Foreigners in Estonia can buy real estate after receiving confirmation from the authorities, and in general, only small islands and localities near the border with Russia are excluded from the real estate purchase market. New homes in Estonia can be bought for €312,000, while prices are lower in Latvia (€162,500) and Lithuania (€114,600).

France, Germany & Netherlands

The price of a new house in France can be around €463,900 and €348,900 for an existing home, the difference between the two being €115,000. Furthermore, Statista data reveals that buying a new home in Germany can cost 480,000 euros, while the price per square meter of an existing home can be up to 3,400 euros, showing the difference between new and Existing homes can be around 140,000 euros. In the Netherlands, a new home costs around 357,200 euros, around 54,400 euros less than an existing home, with the price per square meter of these homes reaching up to 3,572 euros.

Italy, Portugal & Spain

Popular Italian cities like 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, suggesting 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. While Portugal has ended its Golden Visa program, Spain's Golden Visa program is still continuing and investors can obtain a residence permit by investing at least 500,000 Euros in real estate. product. On average, new homes in Spain cost around 178,600 Euros.

Switzerland

In addition to having a very high price per square meter (13,280 euros), Switzerland also has many procedures for foreigners who want to buy real estate here. Purchases can only be made with a special permit from the municipality, all of which contain specific regulations regarding the size of the accommodation, location and the right to resell objects.