Housing purchasing power in Europe 2023, by country

Published by Statista Research Department, Jul 25, 2024

In 2023, the housing purchasing power across European real estate markets stood at 87 square meters. This means that the average affordable purchase area in these countries was 87 square meters. Latvia had the highest housing purchasing power at 152 square meters, while Poland had the lowest at only 48 square meters.

Housing purchasing power in Europe in 4th quarter 2023, by country (in square meters)

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Release date

May 2024

Region

Austria, Bulgaria, Europe, Czechia, Denmark, Finland, France, Germany, Hungary, Italy, Latvia, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain

Survey time period

Q4 2023

Supplementary notes

According to the source, housing purchasing power is an indicator that considers several effects such as the change in mortgage rates, household income and house prices. It shows the volume of square meters a household can purchase earning a local median income, borrowing money over 20 years at the local mortgage rate, for a property with the local average price per square meter.

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Affordable housing in the U.S.Construction industry in the U.S.Gen Z and the housing market in the U.S.U.S. housing marketMillennials homeownership in the U.S.
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