Europe's real estate markets are recovering, and buyers are having to pay more again. One country is far ahead in the price ranking, an analysis shows.
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 average prices of €3,004 per square meter – just behind France (€3,065). Average prices per square meter are significantly lower in Spain at €2,182 and in Italy at €1,851. This information comes from the Aviv Housing Market Report, published by real estate portals from various countries.
The data for 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 analysis. The analysis is based on asking prices; only for the French market were actual purchase prices used. According to the analysis, Europe's real estate markets are on the road to recovery. The recent drop in interest rates, in particular, has made buying property more affordable again. As a result, real estate prices have already risen again in six of the seven countries studied. In Germany, the increase compared to the previous quarter was 0.9 percent.