How Much Do Houses Cost in Europe’s Top Cities?
Wondering which of the most popular European cities are also the best to live, in terms of living cost and house prices? Here’s a sampling of four top cities in Europe.
Madrid
Centred in the heart of Spain, and known for its impressive parks, museums and bright architecture, Madrid is a city that offers an incredible amount more than just its prestigious football club. Although that is of course one of its top draws. For tourists looking to visit the city, aside from the traditional shopping opportunities, recommended attractions include the Plaza Mayor, the Prado museum, and the El Retiro park.
In the Spanish capital city, you can expect to pay around €220,000-250,000 for a 50 square meter city-centre apartment, which is approximately £217,141 pounds.
Rome
A city with a rich, storied history that shines through in its architecture, Rome is a beautiful destination to visit. After visiting the Vatican City within and looking at the Sistine chapel walls, looking at properties afterward may be a little underwhelming, but it’s still a picturesque area to live.
Rome wasn’t built in a day, but it now seems to be doing well for itself, at the very least in terms of the property market. The number of property transactions is on the rise in the city, and some of the most centralised areas have a stable promise of house price growth if you can afford the capital required to invest there. Some of the more affluent areas of the city, on the doorstep of the historic areas, can cost €10,000 per-square meter.
London
A steady and expected member of any list of European cities list (and worldwide too, for that matter), The UK’s capital remains one of the most desirable cities in the world, with over 13% of the entire population of the country, and around 30 million visitors each year, who come to see everything from the London Eye’s highs to the London Underground’s lows.
Living in London was once a no-brainer for many people looking to further their career and become part of a vibrant community in the capital, but through its stagnating property market and high living cost, the city is looking less and less of an attractive prospect to both investors and tenants alike. It’s no wonder that property investment companies such as RW Invest are heading up developing builds in northern cities such as Liverpool and Manchester. The average flat price in London, based on information within the last 12 months from Zoopla, is over £491,000. Liverpool comes in much lower, at just over £132,000.
Not only are these northern rivals able to outperform in the high return and lower cost areas for investors, but from a tenant’s perspective the cities are offering a similar hum of job opportunity and atmosphere. London will always be a must-visit spot on any sightseer’s list, but it doesn’t seem to hold the singular mantle of ‘the place to be in the UK’ anymore, at least from a working and living perspective.
Dublin
Dublin has a slightly smaller population than some of the other influential cities in Europe, but it is still an extremely popular and inclusive area. Known for combining the urban city lifestyle with traditional and countryside elements, the city has a great atmosphere and nightlife.
Those looking to buy a house and live in Ireland can expect to pay a larger sum than perhaps previously anticipated, as house prices are continuing to rise. It was reported recently that the average house price in Dublin is now estimated at around €388,000 (£358,591).
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