Real estate

The most expensive housing in Europe in Luxembourg

Luxembourg ranks first in Europe for the average price of housing, where it reached 470 thousand euros, according to a study conducted by the largest European real estate company ERA Immobilie.

Last year London housing was considered the most expensive in Europe, but now the British capital occupies only fifth place in this rating.

In second place was the Swiss Bern with an average of 421 thousand euros. Then come Madrid (408 thousand) and Dublin (330 thousand). Paris took the eighth line.

The cheapest in terms of housing acquisition were Brussels — 182.2 thousand, and Athens — 192 thousand euros.

Experts expect stabilization of prices in the European real estate market, with the exception of Spain, at the end of this year, the study said.

In 2004, 65.2 % of families owned their own housing in Western Europe.

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