Austria is the most expensive European country, EUR4,925/square meter in 2022, followed by Germany, EUR4,800/square meter, France, EUR4,639/square meter and Norway, EUR4,204/square meter.
Most countries saw average prices of new homes go up, and only the United Kingdom, Denmark and France witnessed decline by 18.8%, 9.7% and 0.2% respectively.
The survey also shows a Romanian needs 6.3 gross annual salaries on average to be able to buy a 70 square meter home, which puts Romania on the sixth place of affordability ranking, after Belgium (4.3 gross annual salaries), Norway (4.7), Denmark (5), Slovenia (5.6) and Italy (6.2).
The country with the lowest affordability is Slovakia, where a person needs 14.1 gross annual salaries to buy a new home, followed by the Czech Republic, 13.3.
Most expensive European city is Paris, with an average price of EUR14,622/square meter for a new apartment, followed by Munich, EUR11,400/square meter and London, EUR9,163/square meter.
Romania’s most expensive city is Cluj-Napoca, EUR2,363/square meter, up 21.8% on 2021, followed by Bucharest, EUR1,693/square meter.
(English version by Loredana Fratila-Cristescu)