Average Sq M House Prices

MG

Anyone got any statistics on Sq M House prices in Europe?

I saw in a newspaper a couple of weeks ago that Spain has had a huge property boom that saw sq M prices rise from 1000 EUR/SqM to 1500. (Approx -working from memory)
Anecdotally, Germany is at about 1600 I think.

I reckon Ireland is at something like 3000, which appears overvalued by maybe 40% (which sounds correct to me) but does anyone have comparable stats for other countries?

patrickolee

Couldn't find very up to date figures for across europe, (they must exist out there somewhere) but lots for the UK and one for france from 2005. If we're at 3000 per sq metre, we're not doing too bad. I think we're probably closer to 4000 in dublin at least. According to my polish colleague, warsaw (area like lucan) would be around 2,100 per sq metre. City centre would be around 3,421, that's unfurnished, as in without doors, plumbing etc.


from http://www.hbosplc.com/media/pressreleases/articles/halifax/2003-05-24-00.asp
London 2002 price per square metre 2728 Sterling.

from http://easier.com/view/House_Prices/article-110383.html

The capital now has an average price of £2,218 (sterling) per square metre (psm), an increase of 173% since 1996. Glasgow saw the second largest gain of 133% over the decade, followed by Inverness (132%).

from http://www.yourhouseabroad.com/prices2005.html
figures for 2005
Average house prices in France continue to rise, although not as quickly as in previous years. FNAIM (French Association of Estate Agents) state that the average house price is 2073 Euros per square metre, up 11% on last year. The average apartment price is 2894 Euros per square metre, and has risen by 10%.

patrickolee

I've spent way too long looking for this...

http://globalpropertyguide.com/graph.php?id=93&cid=eu&order=1&cat=23

linked from
http://globalpropertyguide.com/country.php?id=93&cid=eu&cat=4#

Other information on the site looks pretty much spot on.

MG

patrickolee wrote:

I've spent way too long looking for this...

http://globalpropertyguide.com/graph.php?id=93&cid=eu&order=1&cat=23

linked from
http://globalpropertyguide.com/country.php?id=93&cid=eu&cat=4#

Other information on the site looks pretty much spot on.

Wow great site, thanks for the link. The Sq M prices I see there are prime city centre though which might be distorting (Paris for instance is probably very expensive, but in general France is not so high)

BTW the approx 3000 I mentioned for Ireland was an off the top of my head estimate on the basis of the national average of 300000 for a 100 sq m 3 bed semi. (PTSB national av for 3 bed semi is 298,500 so not too far off)

patrickolee

MG wrote:

Wow great site, thanks for the link. The Sq M prices I see there are prime city centre though which might be distorting (Paris for instance is probably very expensive, but in general France is not so high)

That is true, but by the same token considering ireland is also mostly rural (compared to netherlands, belgium, luxembourg, et al.) it distorts for us too. Even if you took a average across the whole country it wouldn't really be a meaningful comparison mechanism. All the figures/comparisons of these sort should be taken with a grain of salt, but for the little they're worth, Ireland's not that expensive really.

antoinolachtnai

The going rate for a house in Dublin 4 is about 950-1000 euros/foot, which is around 9500-10000/meter, isn't it? This seems to be the sort of price that Sean Dunne has in mind for that block of flats he's planning to throw up. For a 'significant' property with a lot of period features in a prized location, asking prices were certainly up to 1500 euros/foot. Of course, there is usually a bit of land with a house too, so it's not quite comparable to an apartment which is what some of those studies cover. Of course this is the extreme.