Anyone wishing to buy a new apartment in Munich will have to dig deep into their pockets. According to the study "11th edition of the Property Index - Overview of European Residential Markets" by Deloitte GmbH Wirtschaftsprüfungsgesellschaft, Munich is the second most expensive city in Europe. While buyers in Munich have to pay €10,500 per square meter, only Paris is more expensive at €13,462 per square meter.
But buyers also pay extremely high prices in other cities, namely London (8,426 euros/square meter), Oslo (8,417 euros/square meter) and Frankfurt am Main (8,400 euros/square meter). Amsterdam also ranks high (7,600 euros/square meter). Other expensive cities are Antwerp, Milan, Cluij-Napoca and Barcelona.
By contrast, buyers in Varna and Burgas in Bulgaria only had to come up with a small budget. There, the purchase prices per square meter were 885 and 900 euros per square meter, respectively. According to Deloitte, the third most affordable city in Europe is Niš in Serbia. Interested parties can download the complete study at deloitte.com. There they can also find out, among other things, how much more expensive the properties with the top prices are compared with the national average.
Source: deloitte.com
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