Property Prices in Europe 2024 – EU Comparison
Aktualisiert: 2026-06-17
Property Prices in Europe 2024 – An EU-Wide Overview
Property prices across the European Union vary enormously. A square metre that costs €5,000 in Munich or Paris might fetch just €400 in rural Romania or Bulgaria. Understanding these differences requires looking at both price levels and data quality.
Average Property Prices by Country (2024)
Approximate median prices for existing residential properties (living area):
| Country | Median €/m² (2024) |
|---|---|
| Luxembourg | approx. 6,500–9,000 €/m² |
| Netherlands | approx. 3,500–5,000 €/m² |
| France | approx. 2,500–4,500 €/m² |
| Germany | approx. 2,000–4,000 €/m² |
| Spain | approx. 1,800–3,500 €/m² |
| Italy | approx. 1,500–3,500 €/m² |
| Poland | approx. 1,200–2,500 €/m² |
| Romania | approx. 900–1,800 €/m² |
| Bulgaria | approx. 600–1,400 €/m² |
These figures reflect aggregated national medians and mask enormous within-country variation. Capital cities and coastal areas can be 3–5× the national average.
Why Prices Differ Across the EU
Economic development: GDP per capita is the strongest predictor. Western and northern EU members have higher wages and therefore higher property prices.
Population density: The Netherlands and Belgium have very limited building land relative to demand – scarcity drives prices up.
Investment flows: Countries like Luxembourg and France attract significant international capital. This inflates prime location prices beyond what local incomes would suggest.
Data quality and transparency: Open transaction data (like France's DVF or Germany's Gutachterausschuss reports) reveal true market prices. Countries without such systems rely on estimated values – less reliable but still informative.
Data Sources Used by Groundcheck
Groundcheck aggregates official data from 27 countries. Approaches by country include:
- Germany: Gutachterausschuss transaction data + BORIS bodenrichtwerte
- France: DVF (Demandes de Valeurs Foncières) – open individual transaction records
- Italy: OMI (Osservatorio del Mercato Immobiliare) – semi-annual statistics
- Spain: Catastro + notary statistics – aggregated regional data
- Netherlands, Belgium, Poland: national cadastre or notary office data
Each dataset carries a data quality badge on Groundcheck showing what type of source was used and how plot-specific the result is.
Trends to Watch in 2025
Rising rates, cooling markets: The ECB rate cycle of 2022–2024 cooled many previously hot markets. Germany, the Netherlands and Sweden saw notable price corrections.
Affordable-country premiums: Poland, Czech Republic and Hungary saw strong price growth as local incomes caught up with western levels.
Rural comeback: Remote work has supported price rises in rural areas across France, Italy and Spain – buyers trading city apartments for larger homes.
How to Check Any Address in Europe
On Groundcheck you can look up land and property values for any address across 27 EU countries. Data quality badges show you exactly how precise each result is.
Related Articles
- Property Prices in France 2024 – the country with the most open transaction data
- Property Prices in Spain 2024 – regional diversity in the south
- Property Prices in Italy 2024 – north vs. south divergence
- Comparing Land Prices in Europe – methodology and data sources