In which countries are the most expensive apartments? And in which countries are the cheapest? Top 10 countries in each category with the approximate cost of housing and interest rates on mortgages—further in our material.

During the analysis of the most “expensive” and “cheapest” countries in terms of real estate prices, we considered apartments in city centers and evaluated them according to three categories: price per square meter, the approximate cost of apartments (90 square meters), the interest rate on the mortgage (for 20 years with a fixed rate). As a source of information, we used the international database Numbeo.

Contents:

  1. Top 10 countries with the most expensive apartments
    1. The most expensive cities in Switzerland in terms of housing costs 
    2. The most expensive cities in South Korea in terms of housing costs
    3. The most expensive cities in China in terms of housing costs
    4. The most expensive cities in Israel in terms of housing costs 
    5. The most expensive cities in Australia in terms of housing costs
    6. The most expensive cities in Germany in terms of housing costs 
  2. Top 10 countries with the cheapest apartments

Top 10 countries with the most expensive apartments

Country

Price per “square”

Approximate cost of the apartment (90 sq.m.)

Mortgage interest rate (for 20 years with a fixed rate)

1. Hong Kong

$28 829

$2 594 610

3,82%

2. Singapore

$20 353

$1 831 770

3,70%

3. Switzerland

$17 304

$1 557 360

2,50%

4. South Korea

$11 875

$1 068 750

4,39%

5. Australia

$8986

$808 740

6,48%

6. Taiwan

$8287

$745 830

1,78%

7. Israel

$8050

$724 500

4,04%

8. China

$7418

$667 620

4,71%

9. Germany

$6583

$592 470

4%

10. Kuwait

$5523

$497 070

5,08%

The most expensive cities in Switzerland in terms of housing costs 

Top 3 Swiss cities with the most expensive apartments: 

  1. Zurich—$28 632 per square meter.
  2. Zug—$21 392 per square meter.
  3. Geneva—$21 051 per square meter.

The most expensive cities in South Korea in terms of housing costs

Top 3 South Korean cities with the most expensive apartments: 

  1. Seoul—$20 083 per square meter.
  2. Incheon—$8643 per square meter.
  3. Chuncheon—$4944 per square meter.

The most expensive cities in China in terms of housing costs

Top 3 Chinese cities with the most expensive apartments: 

  1. Shanghai—$17 848 per square meter.
  2. Beijing—$15 384 per square meter.
  3. Shenzhen—$13 132 per square meter.

The most expensive cities in Israel in terms of housing costs 

Top 3 Israeli cities with the most expensive apartments: 

  1. Tel Aviv—$16 937 per square meter.
  2. Jerusalem—$12 690 per square meter.
  3. Ramat Gan—$8 682 per square meter.

The most expensive cities in Australia in terms of housing costs

Top 3 Australian cities with the most expensive apartments: 

  1. Sydney—$17 004 per square meter.
  2. Brisbane—$9963 per square meter.
  3. Melbourne—$9426 per square meter.

The most expensive cities in Germany in terms of housing costs 

Top 3 German cities with the most expensive apartments: 

  1. Munich—$12 067 per square meter.
  2. Frankfurt—$8335 per square meter.
  3. Hamburg—$9053 per square meter.

 

A tax-free paradise. Countries with zero or almost zero taxes

Top 10 countries with the cheapest apartments

Country

Price per “square”

Approximate cost of the apartment (90 sq.m.)

Mortgage interest rate (for 20 years with a fixed rate)

1. Egypt

$525

$47 250

12,92%

2. Pakistan

$558

$50 220

13.85%

3. Venezuela

$559

$50 310

26,91%

4. The Republic of Ghana

$615

$55 350

21,25%

5. Bangladesh

$785

$70 650

9,42%

6. Libya

$816

$73 440

14,95%

7. Tunisia

$924

$83 160

11,26%

8. Palestine

$927

$83 430

7,68%

9. South Africa

$996

$89 640

11,23%

10. Mauritius

$1 222

$109 980

6,21%