Swiss cities continue to command the highest residential property prices in Europe, with Zurich ranking as the continent’s most expensive housing market, according to new data from Global Property Guide cited by EuroNews.
The report shows that apartment prices in Zurich now exceed €18,000 per square metre, placing the city well ahead of other major European capitals, including Paris, where average prices remain below €9,500 per square metre.
Switzerland and Luxembourg Dominate the Top Rankings
According to EuroNews, four of the five most expensive housing markets in Europe are located in Switzerland or Luxembourg.
Zurich tops the list with an average apartment price of €18,229/m², followed by Geneva at €16,819/m² and Luzern at €12,066/m². Luxembourg City ranks fourth at €10,941/m², while Bern completes the top five with €9,952/m².
Further down the ranking are Paris (€9,490/m²), Amsterdam (€9,437/m²), Oslo (€9,332/m²), Copenhagen (€8,405/m²) and Stockholm (€8,380/m²).
Price Growth Remains Strong in Several Markets
The data show that some of Europe’s most expensive cities are still experiencing rapid price growth despite already elevated valuations.
Amsterdam recorded a 13% annual increase in apartment prices, while Copenhagen posted the strongest growth in the ranking at 14.3% over the past year.
Zurich saw prices rise 4.2% annually, while Luzern and Stockholm both recorded gains of more than 7%.
Not every market is moving higher. According to EuroNews, Paris and Luxembourg City experienced modest declines over the past year, reflecting weaker demand and higher borrowing costs.
Housing Supply Remains a Key Challenge
Analysts cited by Global Property Guide point to limited housing supply, strong demand from international buyers and high household wealth as key factors supporting property prices across Europe’s most expensive markets.
In Zurich, the combination of financial sector strength, political stability and a chronic shortage of housing continues to push prices higher. The city now stands as Europe’s most expensive residential market, with average apartment prices nearly double those seen in Paris.
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