London is the third most expensive capital city in Europe to buy a property
As the UK Government reports that the average house in the UK is valued at £294,910, overseas property experts at Your Overseas Home have researched and revealed what you could realistically get for the same price abroad.
In Your Overseas Home’s recent campaign, the best and worst value European capital cities to buy property in have been revealed – and it probably comes as no surprise that London is still unaffordable in comparison. In fact, it’s the third most expensive capital city in Europe, according to Your Overseas Home’s unique ranking system.
Europe is home to many wonderful cities, each with its unique history, attractions and vibe. However, the capitals tend to have the best-paying jobs, most interesting cultural attractions and most exciting nightlife and social scene too. So it’s not surprising that these have become dream locations for many looking to move abroad.
But with the average house price in the UK sitting just shy of £300k at £294,910 (according to government data) – and close to double that in London – the overseas property experts at Your Overseas Home have set out to explore more affordable capital cities in Europe.
So, where can you get the most value for your money in Europe, and where should you expect to pay a premium price for a property?
The Your Overseas Home team looked at properties advertised online within the €300-330k bracket of each European capital city. Then, they looked at the property listings to delve into the price of the property, alongside the size, number of bedrooms and bathrooms, distance to the city centre and even the amenities that the property comes with – like saunas and swimming pools. The experts used this information to place each country into a unique ranking system, revealing what 300,000 GBP could realistically get you in Europe’s capital cities.
Christopher Nye, senior content editor at Your Overseas Home said: “The cost of living and the current rise in inflation and interest rates across the UK has made it hard for many to purchase their dream home in the UK. It’s quite startling to see that actually house prices in the UK (London), are the third most expensive in the whole of Europe.
“Seeing as places such as Kosovo, Armenia and Cyprus are able to offer homes and properties which are much more affordable, this might encourage those who are potentially worried about making the jump to move abroad, to finally take the plunge so that they can live a much more affordable lifestyle.”