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.
1. Singapore: £1,005,000
2. Switzerland: £747,000
3. South Korea: £586,000
4. Luxembourg: £510,000
5. Taiwan: £429,000
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!
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 |
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.
1. Switzerland: £766,000
2. Luxembourg: £509,000
3. Austria: £336,000
4. Iceland: £320,000
5. Norway: £319,000
1. Ukraine: £64,000
2. Georgia: £71,000
3. Kosovo: £80,000
4. Belarus: £82,000
5. North Macedonia: £91,000
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!
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
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.
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% |
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.
Matt Mckenna
UK Head of Communications
T: +44 20 8191 8806
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