What we don’t love though, is when they top the ranks of least affordable places to live. This time around, a study by CIA Landlords found that Amsterdam is the sixth most expensive place to buy a home in Europe.
Let’s break down the numbers. The average price of buying a house in Amsterdam is €411,245 — sheesh! That means just one square metre in the city centre costs approximately €7,598.
Meanwhile, the average monthly rent for a one-bedroom apartment in the city centre comes at €1,583.
Most expensive cities to buy a house
The most expensive city to buy a home in Europe is the French capital. To get your Parisian dream home, you’ll pay a staggering €627,490 on average.
This is followed by London with an average price of buying a house of €587,652. What other cities made the list?
- Paris (€627,490)
- London (€587,652)
- Luxembourg City (€564,268)
- Stockholm (€430,972)
- Bern (€415,177)
- Amsterdam (€411,245)
- Oslo (€408,822)
- Copenhagen (€375,940)
- Helsinki (€368,484)
- Dublin (€356,390)
Note: The average prices of buying a home were converted from GBP.
Least expensive cities to buy a house
On the other side of the spectrum is Chișinău in Moldova and Skopje in North Macedonia where the average prices for buying a home are €58,390 and €66,434 respectively — we know where we will be buying our summer house.
Looking only at Western Europe, the top three most affordable places to buy a home are Brussels, Lisbon, and Madrid.
Are you surprised by this ranking? Let us know in the comments below!
Feature Image: olgacov/Depositphotos