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Luxembourg is ahead of all European capitals in real estate prices, the French newspaper Figaro reported yesterday citing a study conducted in 16 EU member states by the ERA group of companies, which includes more than 1,000 real estate agencies.
The capital of the Grand Duchy with an average price of a standard apartment of 485 thousand euros ousted London from the first place, where such housing costs 473.83 thousand. Bern takes the third place, where an apartment costs an average of 440 thousand euros. The most affordable prices in Europe are in the capital of Bulgaria, Sofia, where an apartment costs an average of 78 thousand euros, and 94% of citizens have their own real estate. Researchers have noted a generally falling trend in property prices in the Old World. This, however, does not apply to Dublin, Lisbon and Brussels.