Europe's real estate markets are recovering, and buyers are having to pay more again. One country leads the price rankings by a wide margin, according to an analysis.
Expensive, more expensive, Luxembourg: In the Grand Duchy, property buyers have to pay an average of €8,341 per square meter. Germany ranks third in the price ranking with an average price per square meter of €3,004 – just behind France (€3,065). The average prices per square meter are significantly lower, at €2,182 in Spain and €1,851 in Italy. This is according to the Aviv Housing Market Report, published by real estate portals from various countries.
The data on the German market comes from Immowelt. In addition to Germany, the real estate markets in Belgium, France, Italy, Luxembourg, Portugal, and Spain were included in the evaluation. The analysis is based on supply data; only actual purchase prices were used for the French market. Europe's real estate markets are on the road to recovery, according to the analysis. The recent decline in interest rates, in particular, has made purchasing real estate more affordable again. As a result, real estate prices have already risen again in six of the seven countries examined. In Germany, the increase compared to the previous quarter was 0.9 percent.