When it comes to investing in real estate, it’s important to have a clear understanding of the most expensive markets in the world. This is especially true for those who are looking to invest in the European market, which is one of the most lucrative and dynamic in the world. With a wealth of cities and regions to choose from, it can be difficult to determine which areas are worth exploring further.
To help simplify the process, we’ve taken the time to rank the most expensive cities to buy property in Europe. This ranking is based on the average listing price of a 100 square meter apartment, which was accumulated from local realtor websites. Our ranking takes into account the prices in all the districts of each city, giving a comprehensive overview of the real estate market in each city.
It’s important to note that our rankings are based on apartments and not standalone houses, as apartments tend to be more widely available and offer a more representative view of the real estate market. Additionally, small city-states like Monaco and Andorra are not included in this ranking.
Here are the 10 most expensive cities to buy property in Europe:

10. Vienna, Austria
Vienna, the capital of Austria, is widely considered to be one of the most livable cities in the world. With its rich cultural heritage and beautiful architecture, it’s no surprise that the city is home to a thriving real estate market. In recent years, however, property prices in Vienna have risen significantly, making it one of the most expensive cities in Europe to buy property.
Despite the high prices, Vienna remains an attractive place for rental investments, with around 70% of its population preferring to rent rather than own a property. The median listing price of a 100 square meter apartment in Vienna is around $600,000, and is expected to increase further in the coming years.

8. Hamburg, Germany
Hamburg, Germany’s second largest city, is a major commercial and industrial hub, home to a large number of domestic and multinational companies. Despite being lesser-known than some of its more famous neighbors, Hamburg is consistently ranked as one of the most expensive cities to buy property in Europe.
The average listing price of a 100 square meter apartment in Hamburg is around $650,000, and despite the high prices, many investors are still eager to purchase property in the city. This is due to Hamburg’s rising property prices, which are expected to continue to grow in the future.

8. Oslo, Norway
Oslo is the capital of Norway and is widely regarded as one of the best cities in Europe in terms of healthcare, education, economy, and safety. Although the weather can be unpredictable, this doesn’t seem to have any impact on property prices.
The current average price of a 100 square meter apartment in one of Oslo’s prime residential districts is approximately $680,000. Although Norway is known for its high taxes, the annual property tax rate of 0.7% of the tax base per year is one of the lowest among Scandinavian countries.

7. Copenhagen, Denmark
Copenhagen, the capital of Denmark, is considered one of the priciest cities in the world to live in and the fourth most expensive city in Europe. As a result, property prices in the city are among the highest in Europe, with a 100 square meter apartment in any of its districts costing over $700,000.
In addition to the high purchase price, buying property in Copenhagen also involves significant monthly fees and taxes. Heating and water costs can also be high in many apartments, and transaction costs can run into tens of thousands of dollars.
6. St. Moritz, Switzerland
St. Moritz is a high-end ski resort town in Switzerland, and its popularity amongst the wealthy has made it one of the most expensive cities to buy property in Europe. With a median listing price of a 100 square meter apartment estimated to be around 1 million dollars, St. Moritz is a sought-after destination for the rich and famous. In addition to its scenic beauty and luxury ski resorts, St. Moritz is also known for its fine dining, shopping, and nightlife. However, the high cost of living in St. Moritz is not just limited to property prices, but extends to other areas such as taxes, food, and entertainment.
5. Zurich, Switzerland
Zurich is one of the most expensive cities to buy property in Europe, with a median listing price of a 100 square meter apartment estimated to be around 3 million dollars. The city is a financial and banking hub, attracting many wealthy professionals and high net worth individuals. In addition to its strong economy and beautiful surroundings, Zurich is also known for its high quality of life, excellent healthcare, and safe environment. However, the high cost of living in Zurich is not for everyone, and it requires a substantial amount of wealth to enjoy all that the city has to offer.

4. Geneva, Switzerland
Geneva is one of the most expensive cities to buy property in Europe, with a median listing price of a 100 square meter apartment estimated to be around 3.5 million dollars. The city is a hub for international organizations, diplomacy, and finance, attracting many wealthy individuals and high net worth families. In addition to its strong economy and beautiful surroundings, Geneva is also known for its high quality of life, excellent healthcare, and safe environment.
3. Paris, France
Paris, the city of love and one of the most iconic cities in the world, is not only a popular tourist destination, but also a coveted real estate market. With its stunning architecture, rich cultural heritage and world-renowned cuisine, it is no surprise that the city is considered one of the most expensive in Europe. The average listing price of a 100 square meter apartment in Paris is estimated to be around 1,200,000 dollars.
Paris is a city that is known for its fashion, art, and romance, but also for its high real estate prices. However, despite its high prices, the city continues to attract both local and international buyers. The city’s prime real estate locations, such as the Champs-Elysees, the Marais and the 6th arrondissement, are among the most expensive and sought after in the world.
2. London, United Kingdom
London is one of the world’s leading financial, cultural, and business centers. The city is also home to many of the world’s most iconic landmarks, such as Buckingham Palace, Big Ben, and the Tower Bridge. This cosmopolitan city has a population of over 8 million people and attracts millions of visitors every year.
The average listing price of a 100 square meter apartment in London is estimated to be around 1,300,000 dollars, making it the second most expensive city in Europe to buy property. Despite its high prices, London remains one of the most popular and sought after cities in the world, with a large and diverse population, world-class restaurants, museums and cultural institutions, and a vibrant nightlife.

1. Monaco
Monaco, the tiny city-state on the French Riviera, is the most expensive city in Europe to buy property. With its warm climate, stunning coastline, and luxurious lifestyle, Monaco is a magnet for the wealthy and famous. The average listing price of a 100 square meter apartment in Monaco is estimated to be around 1,500,000 dollars, making it the most expensive city in Europe.
Monaco is not just a city, it’s a way of life. The city has a strong focus on luxury, and is known for its high-end boutiques, casinos, and luxury yachts. The real estate market in Monaco is highly competitive, with high demand for premium properties in prime locations. Despite its high prices, many wealthy individuals and investors continue to flock to Monaco in search of the ultimate luxury lifestyle.
In conclusion, Europe is a dynamic and lucrative real estate market, with many expensive cities to choose from. Based on the average listing price of a 100 square meter apartment, the 10 most expensive cities to buy property in Europe are Paris, Geneva, Zurich, St. Moritz, Copenhagen, Oslo, Hamburg, Vienna, and London. It’s important to consider not just the purchase price but also the taxes, fees, and cost of living in these cities. Investors should take time to research and understand the real estate market in the cities they are interested in to make informed investment decisions.
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