According to a recent Eurostat data, housing prices fell by 1.1% in the second quarter of 2022, with similar changes being significantly more dramatic in the previous ten years. On the other side, according to EU Helpers, rents have been continuously rising during the same time period.
The information for this comprehensive list of European home prices was compiled from Statista, Immigrant Invest, Eurostat, and the statistics website.
Austria
According to Statista data, the cost of a new home in Austria can be as high as €492,500. Prices per square meter range from €4,925 for new construction to about €3,737 for existing homes. This indicates that the average price of existing homes in the nation is about €373,700.
Foreigners with residence permits are permitted to purchase property in Austria, although to be qualified for the resident permit program for those who do not require financial assistance, one must earn at least €4,000 per month.
However, foreigners without a residency visa could find it more challenging to buy property in the nation since they must get permission from the government and adhere to a number of requirements, some of which include staying in the same home or apartment for a minimum of three years. The most costly areas to live are Vienna's suburbs and the city itself, while costs are lower in smaller towns.
Belgium
In Belgium, a comfortable-sized home with about 100 square meters might cost roughly €310,200, which equates to a price per square meter of €3,102.
Real estate costs logically rise in regions with larger population densities, such as Brabant, Antwerp, and Brussels, where prices can reach as high as €4,000 per square meter.
Bulgaria
The cost of housing in this Eastern European nation is among the lowest; at €1,650 per square meter, a 100-square-meter home costs €165,000.
The capital city of Sofia has the highest house costs per square meter, with a two-bedroom apartment costing between €145,000 to €180,000 and a house costing up to €450,000.
Croatia
People who enjoy great weather and love to live near the seaside can call this extraordinarily lovely country home. But this is one of the uncommon European nations where buying real estate in the capital city is a little less expensive than in well-known locations.
The square meter price for a home in Split is up to €2,985, indicating that investors may pay €130,700 more in this city for a home of 100 square meters than they can anyplace else in Croatia, where the average price for a home is €167,800. In Croatia, Osijeka has the lowest per-square-meter costs at about €1,057.
Cyprus
Although the cost of a home in this island nation is only €200 more than in Croatia, buying real estate in places like Limassol, La Aca, Paphos, and Famagusta can seriously drain an investor's bank account because the price per square meter there is over €3,400.
In other words, while someone purchases a home in a desirable area like Limassol, other investors can purchase two houses of equal worth elsewhere in the nation.
Czechia
In Czechia, a home where a family can live comfortably costs roughly €375,300. Given that the average existing home costs around €2,570 per square meter, this means that a home like this may cost up to €2570,000.
This implies that purchasing a home in a more populous area will cost you €118,300 more than it would elsewhere.
Denmark
A 100 square meter home can cost up to €310,400 in Denmark, where square meters can range in price from €3,104 for new construction to €2,469 for existing homes.
Danish law prohibits the sale of residential properties to foreigners in cities and coastal areas, with the exception of foreigners who have resided in the country for more than five years, those who have a residence or work permit, and other EU citizens who work in Denmark. This can make it extremely difficult for foreigners to purchase a home in Denmark.
Latvia, Estonia, and Lithuania
Only small islands and areas close to the Russian border are often off-limits to foreigners looking to acquire real estate in Estonia after receiving approval from the government.
Prices for brand-new homes in Estonia start at €312,000, whereas they are cheaper in Latvia (€162,500) and Lithuania (€114,600).
Norway, Finland, and Sweden
The most expensive home in these three nations is in Sweden, where a new home can cost up to €6,992 per square meter. The top price of a home in Norway is €420,400, whereas that in Finland is €518,300.
With the exception of the region of Aland, foreigners can readily purchase real estate in Finland, Norway, and Sweden. However, prices fluctuate, with more expensive real estate in capital cities.
Germany, France, and the Netherlands
In France, prices for new homes can range from €463,900 and €348,900, with the difference between these two housing types being €115,000.
Additionally, according to Statista statistics, the cost of a new home in Germany can range from €480,000 to €3,400 per square meter, meaning that the cost difference between new and existing homes might be as much as €140,000.
The average cost of a new home in the Netherlands is €357,200, which is around €54,400 less than the cost of an existing home. The price per square meter for these homes rises to €3,572.
Greece
By getting a residence permit through the Greece Golden Visa, foreigners in this European nation can take advantage of the opportunity to purchase flats and villas. While the average price of a house might reach €361,900, the required minimum investment is somewhere around €250,000.
Slovenia, Slovakia, and Hungary
In Slovenia and Slovakia, the cost of a square meter can range between €1,927 and €1,593, whereas the average cost of a square meter in Hungary is €2,515.
Compared to other Slovenian cities, Ljubljana might be more expensive, with a square meter costing about €2,300. Similar to this, prices in Slovakia's Bratislava region are higher ($2,231) than they are in Banska Bystrica ($923).
Irish and Icelandic
Icelandic housing costs can reach €339,000, whereas Irish housing costs average at €335,000. Prices per square meter can reach €4,300 in Dublin, the capital of Ireland, but only €3,828 in Iceland's principal cities.
Spain, Portugal, and Italy
The most costly real estate in Italy may be found in the well-known towns of Venice and Milan, where a square meter can cost €4,467, while the average price of a home in Italy is €189,600.
A 100 square meter home can cost as much as €1 million in Lisbon, Portugal, where house prices can reach €10,000 per square meter. There are less expensive areas like the Alentejo (€833) and Azores (€1,200).
While Spain's golden visa program is still active and offers residence permits to investors who invest at least €500,000 in real estate, Portugal's golden visa program has been discontinued. Spanish new homes typically cost roughly €178,600.
Romania and Poland
In Poland, a brand-new home can cost up to €173,200, or €1,975 per square meter. In Romania, brand-new homes cost about €140,000 less on average than in Poland.
In Poland, foreigners must obtain a permit before purchasing land for residential construction, and the amount of land they purchase cannot be greater than 50 acres. In contrast, foreigners can purchase property in Romania as long as they register it in the name of a resident who has lived there for at least 183 days per year.
Switzerland
Switzerland not only has very expensive square meter costs (€13,280), but it also has a lot of procedures for foreigners wishing to purchase real estate there. Only with a special approval from the communes' administrations—each of which has distinct regulations regarding the size of house, location, and authorization to resale the item—can the purchase be accomplished.