Average property price by country around the world

What is the cost of a city centre flat in countries around the world?

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By

Sophie Barber

Updated

Fact checked

How do property prices in the UK compare to those of the rest of the world? We estimated the average cost of a city-centre 2-bed flat in 123 countries to find out.

The global average cost of a 2-bedroom flat is £153,000. The UK is the 17th most expensive country to buy a property, with an average price for a 2-bedroom flat at £276,000. This is 80% higher than the global average across all countries analysed.

The 5 most expensive countries

1. Singapore: £1,005,000
2. Switzerland: £747,000
3. South Korea: £586,000
4. Luxembourg: £510,000
5. Taiwan: £429,000

The 5 cheapest countries

1. Cuba: £17,000
2. Venezuela: £28,000
3. Pakistan: £29,000
4. Libya: £29,000
5. Bangladesh: £32,000

Number Country Average price of a flat Compared to global average
1 Singapore £1,005,000 557%
2 Switzerland £747,000 388%
3 South Korea £586,000 283%
4 Luxembourg £510,000 233%
5 Taiwan £429,000 180%
6 Israel £387,000 153%
7 Austria £334,000 118%
8 Iceland £320,000 109%
9 Norway £319,000 108%
10 Canada £297,000 94%
11 Australia £296,000 93%
12 China £290,000 90%
13 France £285,000 86%
14 Netherlands £284,000 86%
15 United Arab Emirates £282,000 84%
16 Japan £281,000 84%
17 United Kingdom £276,000 80%
18 Germany £276,000 80%
19 Sweden £267,000 75%
20 Kuwait £258,000 69%
21 Finland £251,000 64%
22 Denmark £247,000 61%
23 Czech Republic £234,000 53%
24 Qatar £224,000 46%
25 Mozambique £219,000 43%
26 Slovenia £219,000 43%
27 New Zealand £217,000 42%
28 Ireland £217,000 42%
29 Ghana £207,000 35%
30 Croatia £199,000 30%
31 Estonia £197,000 29%
32 Lithuania £195,000 27%
33 Portugal £186,000 22%
34 Italy £185,000 21%
35 Belgium £185,000 21%
36 Spain £183,000 20%
37 Malta £180,000 18%
38 Thailand £179,000 17%
39 Poland £179,000 17%
40 Slovakia £174,000 14%
41 Cyprus £157,000 3%
42 Hungary £157,000 3%
43 Armenia £156,000 2%
44 Barbados £155,000 1%
45 Serbia £150,000 -2%
46 United States £143,000 -7%
47 Russia £142,000 -7%
48 Greece £139,000 -9%
49 Mauritius £135,000 -12%
50 Uruguay £134,000 -12%
51 Vietnam £129,000 -16%
52 Albania £129,000 -16%
53 Trinidad And Tobago £127,000 -17%
54 Montenegro £121,000 -21%
55 Costa Rica £119,000 -22%
56 Latvia £118,000 -23%
57 Bahrain £113,000 -26%
58 Romania £111,000 -27%
59 Ethiopia £111,000 -27%
60 Philippines £110,000 -28%
61 Bulgaria £109,000 -29%
62 Jamaica £107,000 -30%
63 El Salvador £105,000 -31%
64 Bosnia And Herzegovina £101,000 -34%
65 Moldova £100,000 -35%
66 Ivory Coast £100,000 -35%
67 Argentina £99,000 -35%
68 Chile £95,000 -38%
69 Lebanon £95,000 -38%
70 Panama £92,000 -40%
71 Turkey £92,000 -40%
72 North Macedonia £91,000 -41%
73 Cameroon £91,000 -41%
74 Azerbaijan £88,000 -42%
75 Malaysia £87,000 -43%
76 Nepal £86,000 -44%
77 Mexico £85,000 -44%
78 Belarus £82,000 -46%
79 Kosovo £80,000 -48%
80 Saudi Arabia £79,000 -48%
81 Sri Lanka £79,000 -48%
82 Peru £78,000 -49%
83 India £73,000 -52%
84 Uzbekistan £71,000 -54%
85 Georgia £71,000 -54%
86 Mongolia £70,000 -54%
87 Brazil £69,000 -55%
88 Dominican Republic £68,000 -56%
89 Colombia £68,000 -56%
90 Kenya £67,000 -56%
91 Oman £67,000 -56%
92 Syria £67,000 -56%
93 Nigeria £67,000 -56%
94 Morocco £66,000 -57%
95 Ukraine £64,000 -58%
96 Guatemala £64,000 -58%
97 Kyrgyzstan £62,000 -59%
98 Paraguay £61,000 -60%
99 Kazakhstan £56,000 -63%
100 Indonesia £55,000 -64%
101 Iran £55,000 -64%
102 Algeria £55,000 -64%
103 Jordan £54,000 -65%
104 Iraq £54,000 -65%
105 Fiji £54,000 -65%
106 Ecuador £53,000 -65%
107 Nicaragua £53,000 -65%
108 Bolivia £52,000 -66%
109 Zimbabwe £47,000 -69%
110 Botswana £46,000 -70%
111 Palestine £44,000 -71%
112 Tunisia £44,000 -71%
113 South Africa £43,000 -72%
114 Uganda £42,000 -73%
115 Tajikistan £40,000 -74%
116 Egypt £33,000 -78%
117 Bangladesh £32,000 -79%
118 Libya £29,000 -81%
119 Pakistan £29,000 -81%
120 Venezuela £28,000 -82%
121 Cuba £17,000 -89%

Singapore was found to be the most expensive country to buy property, with a 2-bed flat costing more than an eye-watering £1 million – 6 times the global average. Singapore was the only country where a city centre flat would cost you more than £1 million on average.

On the other end of the spectrum, the cheapest place to buy a property was Cuba, where a 2-bedroom flat of the same size would cost you just £17,000. This is 89% less than the global average, and for comparison, you could buy almost 60 flats in Cuba for the price of just 1 flat in Singapore!

What is the most expensive city in the world to buy a property?

Hong Kong is the most expensive city in the world to buy a property, with an average price of £1.16 million. This is followed by Zurich, Switzerland, with an average price of almost £1.1 million, and Singapore appears again as a city, with an average price of just over £1 million.

London was the 5th most expensive city in the world to buy a flat, with an average cost of £928,000. This figure is up from the average price for a London flat in 2024, which was £863,000.

Number City Average price of a flat
1 Hong Kong, Hong Kong £1,164,000
2 Zurich, Switzerland £1,070,000
3 Singapore, Singapore £1,005,000
4 Seoul, South Korea £944,000
5 London, United Kingdom £928,000
6 Lausanne, Switzerland £868,000
7 Geneva, Switzerland £857,000
8 Tel Aviv-Yafo, Israel £818,000
9 New York, NY, United States £798,000
10 Shanghai, China £658,000

What is the average cost of a property in Europe?

The average cost of a 2-bed flat in Europe is £202,000. This is 32% more than the global average of £153,000.

However, the cost of property varies significantly between European countries, with a flat in Switzerland, the most expensive country at £766,000, costing over 11 times more than the cheapest country, which is Ukraine at £64,000.

The UK is the 8th most expensive country in Europe to buy a 2-bedroom flat at £276,000, and you’d be spending £74,000 more than the European average.

The 5 most expensive countries

1. Switzerland: £766,000
2. Luxembourg: £509,000
3. Austria: £336,000
4. Iceland: £320,000
5. Norway: £319,000

The 5 cheapest countries

1. Ukraine: £64,000
2. Georgia: £71,000
3. Kosovo: £80,000
4. Belarus: £82,000
5. North Macedonia: £91,000

What is the most expensive city in Europe to buy property?

Zurich is the most expensive city in Europe to buy property, with the average 2-bed flat costing almost £1.1 million.

London comes in as the second most expensive European city to buy property if you want to buy in the city centre, with an average cost of £928,000. This is 268% more than the average for a European city.

The 3 other top 5 most expensive cities in Europe are also in Switzerland – so you need a fair amount of money saved up if you’re considering buying a place here!

The 5 most expensive cities

1. Zurich, Switzerland: £1,070,000
2. London, United Kingdom: £928,000
3. Lausanne, Switzerland: £868,000
3. Geneva, Switzerland: £857,000
5. Bern, Switzerland: £641,000

The 5 cheapest cities

1. Kharkiv, Ukraine: £50,000
2. Odessa, Ukraine: £62,000
3. Lviv, Ukraine: £85,000
4. Oradea, Romania: £86,000
5. Minsk, Belarus: £90,000

Explore the table below to find out the cost of a flat around Europe and the world.

The cost of property around the world: Full list

Number Country Average price of a flat Compared to global average
1 Singapore £1,005,000 557%
2 Switzerland £747,000 388%
3 South Korea £586,000 283%
4 Luxembourg £510,000 233%
5 Taiwan £429,000 180%
6 Israel £387,000 153%
7 Austria £334,000 118%
8 Iceland £320,000 109%
9 Norway £319,000 108%
10 Canada £297,000 94%
11 Australia £296,000 93%
12 China £290,000 90%
13 France £285,000 86%
14 Netherlands £284,000 86%
15 United Arab Emirates £282,000 84%
16 Japan £281,000 84%
17 United Kingdom £276,000 80%
18 Germany £276,000 80%
19 Sweden £267,000 75%
20 Kuwait £258,000 69%
21 Finland £251,000 64%
22 Denmark £247,000 61%
23 Czech Republic £234,000 53%
24 Qatar £224,000 46%
25 Mozambique £219,000 43%
26 Slovenia £219,000 43%
27 New Zealand £217,000 42%
28 Ireland £217,000 42%
29 Ghana £207,000 35%
30 Croatia £199,000 30%
31 Estonia £197,000 29%
32 Lithuania £195,000 27%
33 Portugal £186,000 22%
34 Italy £185,000 21%
35 Belgium £185,000 21%
36 Spain £183,000 20%
37 Malta £180,000 18%
38 Thailand £179,000 17%
39 Poland £179,000 17%
40 Slovakia £174,000 14%
41 Cyprus £157,000 3%
42 Hungary £157,000 3%
43 Armenia £156,000 2%
44 Barbados £155,000 1%
45 Serbia £150,000 -2%
46 United States £143,000 -7%
47 Russia £142,000 -7%
48 Greece £139,000 -9%
49 Mauritius £135,000 -12%
50 Uruguay £134,000 -12%
51 Vietnam £129,000 -16%
52 Albania £129,000 -16%
53 Trinidad And Tobago £127,000 -17%
54 Montenegro £121,000 -21%
55 Costa Rica £119,000 -22%
56 Latvia £118,000 -23%
57 Bahrain £113,000 -26%
58 Romania £111,000 -27%
59 Ethiopia £111,000 -27%
60 Philippines £110,000 -28%
61 Bulgaria £109,000 -29%
62 Jamaica £107,000 -30%
63 El Salvador £105,000 -31%
64 Bosnia And Herzegovina £101,000 -34%
65 Moldova £100,000 -35%
66 Ivory Coast £100,000 -35%
67 Argentina £99,000 -35%
68 Chile £95,000 -38%
69 Lebanon £95,000 -38%
70 Panama £92,000 -40%
71 Turkey £92,000 -40%
72 North Macedonia £91,000 -41%
73 Cameroon £91,000 -41%
74 Azerbaijan £88,000 -42%
75 Malaysia £87,000 -43%
76 Nepal £86,000 -44%
77 Mexico £85,000 -44%
78 Belarus £82,000 -46%
79 Kosovo £80,000 -48%
80 Saudi Arabia £79,000 -48%
81 Sri Lanka £79,000 -48%
82 Peru £78,000 -49%
83 India £73,000 -52%
84 Uzbekistan £71,000 -54%
85 Georgia £71,000 -54%
86 Mongolia £70,000 -54%
87 Brazil £69,000 -55%
88 Dominican Republic £68,000 -56%
89 Colombia £68,000 -56%
90 Kenya £67,000 -56%
91 Oman £67,000 -56%
92 Syria £67,000 -56%
93 Nigeria £67,000 -56%
94 Morocco £66,000 -57%
95 Ukraine £64,000 -58%
96 Guatemala £64,000 -58%
97 Kyrgyzstan £62,000 -59%
98 Paraguay £61,000 -60%

Methodology

The property price per square metre in each country and city was sourced from Numbeo. Only countries and cities with a full data sset available have been included. The median area of a 2-bed flat in the UK, according to a 2010 dwelling size survey, is 59.11 square metres. Therefore, each price per square metre was multiplied by 59.11 to get the cost of a 2-bed flat in each country.

Click here for more research. For all media enquiries, please contact –

Matt Mckenna
UK Head of Communications
T: +44 20 8191 8806

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Sophie Barber is a senior content marketing manager for Finder in the UK. She has over 5 years experience in writing and publishing clear, concise and informative articles that help consumers make informed decisions. See full bio

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