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

&

Kate Steere

Updated

Fact checked

How do property prices in the UK compare to the rest of the world? We estimated the average cost of a city-centre 2-bed flat in 100 countries to find out.

The global average cost of a 2-bedroom flat is £173,000. The UK is the 16th most expensive country to buy a property, with an average price for a 2-bedroom flat at £256,000. This is 48% higher than the global average across all countries analysed.

The 5 most expensive countries

1. Singapore: £1,038,000
2. Switzerland: £834,000
3. South Korea: £647,000
4. Luxembourg: £501,000
5. Israel: £455,000

The 5 cheapest countries

1. Cuba: £16,000
2. Egypt: £32,000
3. Venezuela: £33,000
4. Zimbabwe: £37,000
5. Pakistan: £40,000

Number Country Average price of a flat Compared to global average
1 Singapore £1,038,000 500%
2 Switzerland £834,000 382%
3 South Korea £647,000 274%
4 Luxembourg £501,000 190%
5 Israel £455,000 163%
6 Taiwan £447,000 158%
7 Australia £328,000 90%
8 Norway £325,000 88%
9 Austria £318,000 84%
10 Netherlands £308,000 78%
11 Denmark £280,000 62%
12 Germany £279,000 61%
13 Japan £275,000 59%
14 Sweden £274,000 58%
15 United Arab Emirates £258,000 49%
16 United Kingdom £256,000 48%
17 France £255,000 47%
18 New Zealand £246,000 42%
19 Finland £242,000 40%
20 Czech Republic £239,000 38%
21 Kuwait £233,000 35%
22 Ireland £233,000 35%
23 China £226,000 31%
24 Puerto Rico £226,000 31%
25 Slovenia £220,000 27%
26 Canada £214,000 24%
27 Qatar £207,000 20%
28 Croatia £203,000 17%
29 Malta £198,000 14%
30 Belgium £196,000 13%
31 Spain £195,000 13%
32 Mauritius £195,000 13%
33 Estonia £184,000 6%
34 Portugal £179,000 3%
35 Slovakia £173,000 0%
36 Cyprus £171,000 -1%
37 Poland £171,000 -1%
38 Italy £171,000 -1%
39 Thailand £170,000 -2%
40 Lithuania £170,000 -2%
41 Hungary £169,000 -2%
42 Vietnam £158,000 -9%
43 Sri Lanka £155,000 -10%
44 United States £150,000 -13%
45 Uruguay £148,000 -14%
46 Serbia £140,000 -19%
47 Greece £140,000 -19%
48 Montenegro £137,000 -21%
49 Armenia £136,000 -21%
50 Panama £134,000 -23%
51 Philippines £132,000 -24%
52 Albania £124,000 -28%
53 Latvia £124,000 -28%
54 Mexico £122,000 -29%
55 Nigeria £118,000 -32%
56 Romania £114,000 -34%
57 Lebanon £113,000 -35%
58 Bahrain £113,000 -35%
59 Russia £113,000 -35%
60 Moldova £112,000 -35%
61 Bosnia And Herzegovina £109,000 -37%
62 Chile £103,000 -40%
63 Bulgaria £102,000 -41%
64 Costa Rica £102,000 -41%
65 Saudi Arabia £102,000 -41%
66 Oman £99,000 -43%
67 Argentina £98,000 -43%
68 Nepal £96,000 -45%
69 Malaysia £96,000 -45%
70 Dominican Republic £96,000 -45%
71 Kosovo (Disputed Territory) £95,000 -45%
72 Peru £94,000 -46%
73 Azerbaijan £93,000 -46%
74 North Macedonia £89,000 -49%
75 Brazil £85,000 -51%
76 Colombia £83,000 -52%
77 Uzbekistan £80,000 -54%
78 Indonesia £78,000 -55%
79 Turkey £78,000 -55%
80 Belarus £76,000 -56%
81 Morocco £71,000 -59%
82 Georgia £71,000 -59%
83 Iraq £68,000 -61%
84 Ecuador £68,000 -61%
85 Ukraine £64,000 -63%
86 Kenya £62,000 -64%
87 Kazakhstan £59,000 -66%
88 Jordan £57,000 -67%
89 India £56,000 -68%
90 Bolivia £56,000 -68%
91 South Africa £50,000 -71%
92 Algeria £50,000 -71%
93 Tunisia £47,000 -73%
94 Iran £45,000 -74%
95 Bangladesh £40,000 -77%
96 Pakistan £40,000 -77%
97 Zimbabwe £37,000 -79%
98 Venezuela £33,000 -81%
99 Egypt £32,000 -82%
100 Cuba £16,000 -91%

Singapore is 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 £16,000. This is 91% less than the global average, and for comparison, you could buy almost 65 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 £1.12 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 9th most expensive city in the world to buy a flat, with an average cost of £850,000.

Number City Average price of a flat
1 Hong Kong, Hong Kong £1,115,000
2 Zurich, Switzerland £1,095,000
3 Singapore, Singapore £1,038,000
4 Geneva, Switzerland £1,006,000
5 Tel Aviv-Yafo, Israel £972,000
6 Lucerne, Switzerland £895,000
7 New York, United States £869,000
8 Lausanne, Switzerland £863,000
9 London, United Kingdom £850,000
10 Seoul, South Korea £804,000

What is the average cost of a property in Europe?

The average cost of a 2-bed flat in Europe is £201,000. This is 15% more than the global average of £173,000.

However, the cost of property varies significantly between European countries, with a city centre flat in Switzerland, the most expensive country at £834,000, costing 13 times more than the cheapest country, which is Ukraine at £64,000.

The UK is the 9th most expensive country in Europe to buy a 2-bedroom flat at £256,000, and you’d be spending £55,000 more than the European average.

The 5 most expensive countries

1. Switzerland: £834,000
2. Luxembourg: £501,000
3. Norway: £325,000
4. Austria: £318,000
5. Netherlands: £308,000

The 5 cheapest countries

1. Ukraine: £64,000
2. Georgia: £71,000
3. Belarus: £76,000
4. Turkey: £78,000
5. North Macedonia: £89,000

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.

The next 3 most expensive European cities are also in Switzerland: Geneva, Lucerne and Lausanne, with prices of just over £1 million, £895,000 and £863,000 respectively.

The fifth most expensive city in Europe is London – with the average 2-bedroom flat in the city centre costing £850,000.

The 5 most expensive cities

1. Zurich, Switzerland: £1,095,000
2. Geneva, Switzerland: £1,006,000
3. Lucerne, Switzerland: £895,000
3. Lausanne, Switzerland: £863,000
5. London, United Kingdom: £850,000

The 5 cheapest cities

1. Kharkiv, Ukraine: £47,000
2. Dnipro, Ukraine: £54,000
3. Stara Zagora, Bulgaria: £63,000
4. Odessa, Ukraine: £68,000
5. Chelyabinsk, Russia: £86,000

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 £1,038,000 500%
2 Switzerland £834,000 382%
3 South Korea £647,000 274%
4 Luxembourg £501,000 190%
5 Israel £455,000 163%
6 Taiwan £447,000 158%
7 Australia £328,000 90%
8 Norway £325,000 88%
9 Austria £318,000 84%
10 Netherlands £308,000 78%
11 Denmark £280,000 62%
12 Germany £279,000 61%
13 Japan £275,000 59%
14 Sweden £274,000 58%
15 United Arab Emirates £258,000 49%
16 United Kingdom £256,000 48%
17 France £255,000 47%
18 New Zealand £246,000 42%
19 Finland £242,000 40%
20 Czech Republic £239,000 38%
21 Kuwait £233,000 35%
22 Ireland £233,000 35%
23 China £226,000 31%
24 Puerto Rico £226,000 31%
25 Slovenia £220,000 27%
26 Canada £214,000 24%
27 Qatar £207,000 20%
28 Croatia £203,000 17%
29 Malta £198,000 14%
30 Belgium £196,000 13%
31 Spain £195,000 13%
32 Mauritius £195,000 13%
33 Estonia £184,000 6%
34 Portugal £179,000 3%
35 Slovakia £173,000 0%
36 Cyprus £171,000 -1%
37 Poland £171,000 -1%
38 Italy £171,000 -1%
39 Thailand £170,000 -2%
40 Lithuania £170,000 -2%
41 Hungary £169,000 -2%
42 Vietnam £158,000 -9%
43 Sri Lanka £155,000 -10%
44 United States £150,000 -13%
45 Uruguay £148,000 -14%
46 Serbia £140,000 -19%
47 Greece £140,000 -19%
48 Montenegro £137,000 -21%
49 Armenia £136,000 -21%
50 Panama £134,000 -23%
51 Philippines £132,000 -24%
52 Albania £124,000 -28%
53 Latvia £124,000 -28%
54 Mexico £122,000 -29%
55 Nigeria £118,000 -32%
56 Romania £114,000 -34%
57 Lebanon £113,000 -35%
58 Bahrain £113,000 -35%
59 Russia £113,000 -35%
60 Moldova £112,000 -35%
61 Bosnia And Herzegovina £109,000 -37%
62 Chile £103,000 -40%
63 Bulgaria £102,000 -41%
64 Costa Rica £102,000 -41%
65 Saudi Arabia £102,000 -41%
66 Oman £99,000 -43%
67 Argentina £98,000 -43%
68 Nepal £96,000 -45%
69 Malaysia £96,000 -45%
70 Dominican Republic £96,000 -45%
71 Kosovo (Disputed Territory) £95,000 -45%
72 Peru £94,000 -46%
73 Azerbaijan £93,000 -46%
74 North Macedonia £89,000 -49%
75 Brazil £85,000 -51%
76 Colombia £83,000 -52%
77 Uzbekistan £80,000 -54%
78 Indonesia £78,000 -55%
79 Turkey £78,000 -55%
80 Belarus £76,000 -56%
81 Morocco £71,000 -59%
82 Georgia £71,000 -59%
83 Iraq £68,000 -61%
84 Ecuador £68,000 -61%
85 Ukraine £64,000 -63%
86 Kenya £62,000 -64%
87 Kazakhstan £59,000 -66%
88 Jordan £57,000 -67%
89 India £56,000 -68%
90 Bolivia £56,000 -68%
91 South Africa £50,000 -71%
92 Algeria £50,000 -71%
93 Tunisia £47,000 -73%
94 Iran £45,000 -74%
95 Bangladesh £40,000 -77%
96 Pakistan £40,000 -77%
97 Zimbabwe £37,000 -79%
98 Venezuela £33,000 -81%

Methodology

The property price per square metre in each country and city was sourced from Numbeo. Only countries and cities with a full data set 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 –

Sophie Barber
Communications Manager

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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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Sophie has written 100 Finder guides across topics including:
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Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

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