In a wage vs. housing comparison, Bratislava is among the most expensive in Europe

In a poll evaluating 18 European cities, the Slovak capital is, together with Prague, the most expensive when accommodation vs income is considered.

Zvolen - it makes a difference where the housing estate lies.Zvolen - it makes a difference where the housing estate lies.(Source: Sme - Ján Krošlák)

The most living space for an average monthly wage, 1.3 square metres, can be obtained in Edinburgh, Scotland. On the other hand the figure for Bratislava is 0.36 and for Prague 0.37, metres square, the Sme daily wrote on May 9, citing the European Housing Report 2017 from the RE / MAX company.

The poll evaluated 18 European cities, comparing the income of local inhabitants according to the Eurostat data, and the price per square meter of living space, providing the data for the report.

The five most expensive cities include, apart from Bratislava and Prague, Luxemburg, Paris and Bucharest. At the other end of the scale were the cheapest metropoles, like Athens, Madrid, Amsterdam, Rome and Lisbon.

The poll also showed that in all countries, there are big differences in real estate prices between the countryside and the capital.

On average, a square meter of a real estate in a European capital is 64 percent more expensive than in the rest of the country.

However, these differences are huge in some countries: it is biggest in Prague where the price of a flat is a 2.8 times the average price in the country. In Paris it is 2.7 times greater and in Bratislava it is 2.6 times the average price compared with the rest of the country.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Real Estate


Top stories

Dual quality in the EU will be punished

Slovakia’s Agriculture Ministry welcomed the change, calling it a victory.

Food prices keep falling.

Blog: Bringing top business minds and students together

Martin Kardoš of CSI Leasing introduces the Mentor Network Program aimed at pairing young talents with experienced mentors from the business world.

Martin Kardoš, Managing Director CEE at CSI Leasing, at one of the Mentor Network Program events.

Blog: What about parking slots for “brains”?

Will the state of biomedical research trigger reactions at least half as passionate as Bratislava's parking policy?

Illustrative stock photo