Real estate: Paris left hanging – this German metropolis is the most expensive residential city in Europe
The real estate markets in Europe's major cities are becoming increasingly competitive. Four German cities are among the top ten metropolises with the highest rents and purchase prices.
Munich has become the most expensive city in Europe in terms of housing, according to a report by Deloitte. The city's average new-build price is €11,200 per square meter, surpassing Paris which had held the top spot last year. Four German cities, including Hamburg, Frankfurt, and Berlin, are among the top ten most expensive cities in Europe.
The study also found that Germany is one of the most expensive housing markets in Europe, with an average increase of over 8% in new-build prices, from €4,800 to €5,200 per square meter.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
