European apartment prices are rising

Deluxe Holiday Homes recently conducted an analysis of apartment prices per square meter across Europe, revealing significant increases in several countries over the past year. Here are the key findings:

1. Serbia:
   • Increase: 82.66%
   • Average Price per Square Meter: $4,052 (2024) vs. $2,218 (2023)
   • Average Income: $832
   • Cost of Living: $698
   • Serbia experienced the highest increase in apartment prices, despite its relatively low average income and cost of living.
2. Lithuania:
   • Increase: 75.78%
   • Average Price per Square Meter: $4,841 (2024) vs. $2,754 (2023)
   • Average Income: $1,624
   • Cost of Living: $828
   • Lithuania’s rapid property market growth comes with moderate living costs.
3. Romania:
   • Increase: 74.50%
   • Average Price per Square Meter: $3,185 (2024) vs. $1,825 (2023)
   • Average Income: $1,093
   • Cost of Living: $680
   • Romania shows a significant price hike in the context of lower living expenses.
4. Malta:
   • Increase: 47.54%
   • Average Price per Square Meter: $3,700 (2024) vs. $2,508 (2023)
   • Average Income: $1,369
   • Cost of Living: $1,000
   • Malta’s property price growth aligns with its Mediterranean lifestyle.
5. Spain:
   • Increase: 44.34%
   • Average Price per Square Meter: $6,139 (2024) vs. $4,253 (2023)
   • Average Income: $2,409
   • Cost of Living: $828
   • Spain maintains a healthy real estate market with significant price increases.
6. Greece:
   • Increase: 38.47%
   • Average Price per Square Meter: $3,157 (2024) vs. $2,280 (2023)
   • Average Income: $1,063
   • Cost of Living: $892
   • Greece shows moderate growth in housing prices.
7. Estonia:
   • Increase: 31.76%
   • Average Price per Square Meter: $4,346 (2024) vs. $3,298 (2023)
   • Average Income: $1,791
   • Cost of Living: $953
   • Estonia presents balanced real estate market growth.
8. Germany:
   • Increase: 19.90%
   • Average Price per Square Meter: $6,509 (2024) vs. $5,429 (2023)
   • Average Income: $3,429
   • Cost of Living: $1,076
   • Germany’s solid market is accessible for residents with higher incomes.
9. Switzerland:
   • Increase: 14.56%
   • Average Price per Square Meter: $20,452 (2024) vs. $17,852 (2023)
   • Average Income: $6,601
   • Cost of Living: $1,461
   • Switzerland leads in income, cost of living, and property prices.
10. Belgium:
    • Increase: 10.84%
    • Average Price per Square Meter: $4,101 (2024) vs. $3,700 (2023)
    • Average Income: $4,427
    • Cost of Living: $1,078
    • Belgium shows stable market growth reflecting its economic health.

These findings indicate substantial real estate price increases in several European countries, with Serbia, Lithuania, and Romania leading the way. Despite variations in income levels and living costs, the general trend shows robust growth in the property market across these nations