{"id":14274,"date":"2023-02-07T10:00:41","date_gmt":"2023-02-07T16:00:41","guid":{"rendered":"https:\/\/www.netcredit.com\/blog\/?p=14274"},"modified":"2026-03-12T10:10:01","modified_gmt":"2026-03-12T15:10:01","slug":"average-cost-of-houses-around-the-world","status":"publish","type":"post","link":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/","title":{"rendered":"The Average Price of Homes in Capital Cities, Based on Local Listings"},"content":{"rendered":"<p>Times are strange on the property market \u2014 and on a global scale. Covid-19 radically shook up our idea of where and how we wanted to live, and it also radically altered many peoples\u2019 options for doing so. On balance, <a href=\"https:\/\/www.weforum.org\/agenda\/2021\/10\/housing-prices-continue-increase-countries-europe-world\/\" target=\"_blank\" rel=\"noopener\">prices rose<\/a>; but now, in the fallout of the pandemic and with the added complication of the energy crisis and war in Ukraine, they\u2019re on their way down.<\/p>\n<p>Higher interest rates and the cost of living have forced down demand for houses, although a general shortage of houses on the market has kept prices from bombing. Meanwhile, <a href=\"https:\/\/www.oecd.org\/coronavirus\/en\/data-insights\/real-wages-are-falling\" target=\"_blank\" rel=\"noopener\">wages are falling<\/a> in real terms (with a particular impact on lower-income workers), further inhibiting potential buyers from spending.<\/p>\n<p>According to Oxford Economics, nearly all 38 OECD countries are likely to see a slowdown in house price growth, with prices actually falling in more than half of them. This would be the widest <a href=\"https:\/\/www.ft.com\/content\/76e8b499-2381-463d-ac6d-9d3507f150c3\" target=\"_blank\" rel=\"noopener\">deceleration<\/a> in housing price growth for over 22 years. And according to the IMF, real house prices could drop by 25% in emerging markets over the next three years and by 10% in advanced markets (although this is a worst-case view).<\/p>\n<p>So, where do things stand around the world right now? NetCredit, an online lender offering <a href=\"https:\/\/www.netcredit.com\/personal-loans\">personal loans<\/a> and <a href=\"https:\/\/www.netcredit.com\/line-of-credit\">lines of credit<\/a>, has calculated the average home price in total and per m<sup>2<\/sup> in capital cities around the world and compared them to local incomes to see where we are.<\/p>\n<h2><strong>What We Did<\/strong><\/h2>\n<p>NetCredit analyzed over 800,000 online property listings for 73 global capitals and calculated the median house price for each city in total and per square meter (m<sup>2<\/sup>). We researched the average monthly net salary for each capital using numbeo.com and used this figure to <a href=\"https:\/\/www.netcredit.com\/blog\/how-much-house-can-i-afford\/\">calculate affordability<\/a> and the number of years the average earner would need to work to buy a median-value home.<\/p>\n<h2><strong>Key Findings<\/strong><\/h2>\n<ul>\n<li>The city-state of <strong>Monaco<\/strong> has the <strong>most expensive homes<\/strong> in the world, averaging <strong>$4,475,000<\/strong>.<\/li>\n<li>The <strong>capital<\/strong> with the <strong>cheapest average home<\/strong> is <strong>Havana<\/strong> in <strong>Cuba<\/strong> (<strong>$40,569<\/strong>).<\/li>\n<li>Tehran, Iran, is the capital with the worst affordability of homes, with the average property costing 158.4 times the average yearly salary.<\/li>\n<li>The South African capital, Pretoria, has the best affordability, with the average home costing just 4.7 times the average salary.<\/li>\n<\/ul>\n<h2><strong>U.S. and China Jostle for Spot Among Top 10 Most Expensive Property Markets<\/strong><\/h2>\n<p>Monaco has the most expensive homes in the world. As a luxury mecca and tax haven on the Mediterranean coast, Monaco attracts wealthy buyers who compete for a very limited amount of property. While <a href=\"https:\/\/www.businessinsider.com\/mind-blowing-facts-about-monaco-wealth-2019-5#4-almost-one-in-three-people-who-live-there-is-a-millionaire-4\" target=\"_blank\" rel=\"noopener\">one-third<\/a> of Monaco\u2019s population are millionaires, only <a href=\"https:\/\/www.monaco-tribune.com\/en\/2019\/04\/monacos-private-sector-is-more-attractive-than-ever\/\" target=\"_blank\" rel=\"noopener\">25%<\/a> of the country\u2019s private-sector employees live within the country\u2019s borders, with property not just expensive but unaffordable for many; Monaco has the third-worst affordability in our study, with the average home costing 71.9 times the average annual salary.<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-14301 size-full\" src=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1.png\" alt=\"Average price of homes in capital cities world map\" width=\"2400\" height=\"2000\" srcset=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1.png 2400w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-300x250.png 300w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-1024x853.png 1024w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-768x640.png 768w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-1536x1280.png 1536w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-2048x1707.png 2048w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-150x125.png 150w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1-640x533.png 640w\" sizes=\"auto, (max-width: 2400px) 100vw, 2400px\" \/><\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/01_Average-Price-of-Homes-in-Capital-Cities_World-Map-1.png\" target=\"_blank\" rel=\"noopener\"><strong><em>Click here to see the image in full size<\/em><\/strong><\/a><\/p>\n<p>The most expensive capitals are a mix of small city-states and the capitals of small, medium and larger countries. The top five are divided between Europe and Asia, while just $30,000 separates the capitals of the U.S. and China in ninth and tenth position. While the competition for limited real estate drives up prices in smaller regions, areas such as the Australian capital, Canberra, can attribute high prices at least in part to the <a href=\"https:\/\/www.canberratimes.com.au\/story\/7683569\/why-are-canberras-houses-so-massive\/\" target=\"_blank\" rel=\"noopener\">enormity of the houses<\/a>.<\/p>\n<h2><strong>Paris and Tehran Among Capitals with Worst Deals for Homebuyers<\/strong><\/h2>\n<p>Relative house prices like those above can tell us a lot. But we need to delve a little deeper to get a ground-eye view of what those prices mean in real terms. High prices seem less unreasonable if an area tends to have larger homes (<a href=\"https:\/\/naeba.org\/price-per-square-foot-does-it-really-matter-when-buying-a-home\/\" target=\"_blank\" rel=\"noopener\">you\u2019re getting what you pay for<\/a>). On the other hand, if prices are high where wages are low, it\u2019s a tough break for low earners \u2014 regardless of the amount of bang they\u2019d get for their <a href=\"https:\/\/www.netcredit.com\/blog\/how-to-earn-more-money\/\">hard-earned buck<\/a>.<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-14293 size-full\" src=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least.png\" alt=\"Global Capital Cities Where Homes Cost the Most and Least\" width=\"2400\" height=\"4240\" srcset=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least.png 2400w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-170x300.png 170w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-580x1024.png 580w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-768x1357.png 768w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-869x1536.png 869w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-1159x2048.png 1159w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-150x265.png 150w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least-640x1131.png 640w\" sizes=\"auto, (max-width: 2400px) 100vw, 2400px\" \/><\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/02_Global-Capital-Cities-Where-Homes-Cost-the-Most-and-Least.png\" target=\"_blank\" rel=\"noopener\"><strong><em>Click here to see the image in full size<\/em><\/strong><\/a><\/p>\n<p>Looking at price per square meter, it\u2019s no surprise that Monaco remains on top, as the average Monaco home is so much more expensive than everywhere else to start with. However, judged per m<sup>2<\/sup> rather than list price, Singapore and Seoul leapfrog Luxembourg into second and third place. Paris, Tehran and Oslo are also among the 10 most expensive per m<sup>2<\/sup>, despite not making the top 10 for average prices overall. Small apartments and <a href=\"https:\/\/www.thelocal.fr\/20190905\/property-prices-in-paris-break-through-the-10000-per-square-metre-barrier\/\" target=\"_blank\" rel=\"noopener\">high demand<\/a> (especially as EU professionals flee London post-Brexit) have pushed the price of a square meter in the French capital over the $10,000 mark.<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-14294 size-full\" src=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png\" alt=\"Capital Cities Where Homes are the Most and Least Affordable\" width=\"2401\" height=\"3395\" srcset=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png 2401w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-212x300.png 212w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-724x1024.png 724w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-768x1086.png 768w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-1086x1536.png 1086w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-1448x2048.png 1448w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-150x212.png 150w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable-640x905.png 640w\" sizes=\"auto, (max-width: 2401px) 100vw, 2401px\" \/><\/em><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/03_Capital-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png\" target=\"_blank\" rel=\"noopener\"><em>Click here to see the image in full size<\/em><\/a><\/strong><\/p>\n<p>Judged by price tag alone, Tehran is only the 17<sup>th<\/sup> most expensive world capital. But that average $547,536 home is a steep ask in a country with a minimum wage equivalent to <a href=\"https:\/\/www.hrw.org\/news\/2022\/04\/29\/iran-labor-protests-surge\" target=\"_blank\" rel=\"noopener\">$203 USD\/month<\/a>. And property costs a whopping $9,955 per m<sup>2<\/sup> due to the relative smallness of most Tehran homes. The urban area of Tehran has a higher population than London or Paris, and apartment living is the norm. While a house in Tehran may offer a spacious alternative to an apartment, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-11\/in-a-turbulent-tehran-it-s-hard-to-buy-a-home-at-any-price\" target=\"_blank\" rel=\"noopener\">inflated prices<\/a> push up the average in a city that has suffered a <a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/07\/irans-middle-class-priced-out-housing-market\" target=\"_blank\" rel=\"noopener\">nine-fold<\/a> price increase over five years.<\/p>\n<h2><strong>A Good Deal on Property in Eastern Europe<\/strong><\/h2>\n<p>Europe\u2019s most expensive capital city homes per square meter are clustered to the west and north of the continent, while the lower end of the table skews towards eastern Europe and the Balkans. However, a notable exception occurs in the UK: while London \u2014 the capital of both England and the UK \u2014 has an average price of over $8k\/m<sup>2<\/sup>, the capitals of Scotland (Edinburgh) and Wales (Cardiff) have averages of $3,375 and $2,866 respectively. (Figures per m<sup>2 <\/sup>were not available for the Northern Ireland capital, Belfast.)<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14281\" src=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least.png\" alt=\"Infographic of European Cities Where Homes Cost the Most and Least\" width=\"2401\" height=\"4345\" srcset=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least.png 2401w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-166x300.png 166w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-566x1024.png 566w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-768x1390.png 768w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-849x1536.png 849w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-1132x2048.png 1132w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-150x271.png 150w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least-640x1158.png 640w\" sizes=\"auto, (max-width: 2401px) 100vw, 2401px\" \/><\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/04_European-Cities-Where-Homes-Cost-the-Most-and-Least.png\" target=\"_blank\" rel=\"noopener\"><strong><em>Click here to see the image in full size<\/em><\/strong><\/a><\/p>\n<p>The Czech Republic\u2019s capital, Prague, is the most expensive Eastern European entry. Prague witnessed a <a href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/at\/Documents\/presse\/at-property-index-2022-final.pdf\" target=\"_blank\" rel=\"noopener\">20.13% rise in house prices<\/a> between 2020 and 2021 due to high demand. However, prices appear to be stagnating now, in a reflection of patterns seen in other regional markets: the <a href=\"https:\/\/www.netcredit.com\/blog\/cost-of-living-calculator\/\">cost of living<\/a> and price of remortgaging is causing owners to <a href=\"https:\/\/www.expats.cz\/czech-news\/article\/stagnating-prices-and-larger-supply-what-s-happening-on-czech-real-estate-market\" target=\"_blank\" rel=\"noopener\">sell up in droves<\/a>, flooding the market with properties and dragging down prices.<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-14297 size-full\" src=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png\" alt=\"European cities where homes are most and least affordable infographic\" width=\"2401\" height=\"3400\" srcset=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png 2401w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-212x300.png 212w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-723x1024.png 723w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-768x1088.png 768w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-1085x1536.png 1085w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-1446x2048.png 1446w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-150x212.png 150w, https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable-640x906.png 640w\" sizes=\"auto, (max-width: 2401px) 100vw, 2401px\" \/><\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/02\/05_European-Cities-Where-Homes-are-the-Most-and-Least-Affordable.png\" target=\"_blank\" rel=\"noopener\"><strong><em>Click here to see the image in full size<\/em><\/strong><\/a><\/p>\n<p>Compared by affordability, there is more of a geographic mix across European capitals. Expensive cities such as Monaco, Luxembourg and Paris are joined among the least affordable by cheaper, low-income Balkan markets such as Belgrade (Serbia), Athens (Greece) and Tirana (Albania). Meanwhile, parts of Eastern Europe offer the best all-round deal: Warsaw (Poland), Minsk (Belarus) and Bucharest (Romania) all offer a price per m<sup>2 <\/sup>of around $2,500 or less, at a rate that can be paid off with the equivalent of 11 local annual salaries or fewer.<\/p>\n<h2><strong>Planet Property<\/strong><\/h2>\n<p>It\u2019s easy to get caught up with local trends and price patterns. But an appraisal of the global property market can put your local situation into stark perspective when considering buying or selling a home. You can use our comparison tool, below, to compare the cost and affordability of any two capital cities in our study and the interactive table to explore our data in full.<\/p>\n<div style=\"max-width:100%;margin:auto;\"><iframe class=\"neomam-iframe\" src=\"https:\/\/embed.neomam.com\/average-price-of-homes-in-capital-cities\/\" width=\"100%\" frameborder=\"0\" style=\"display:block;margin:auto;max-width:100%;\"><\/iframe><\/div>\n<p>Homeowners will be wary of the tough times ahead and the concern that falling house prices will eradicate the equity on recently bought homes \u2013 particularly if they witnessed the downfall of the banks 15 years ago. However, <a href=\"https:\/\/www.economist.com\/finance-and-economics\/2022\/10\/20\/housing-markets-face-a-brutal-squeeze\" target=\"_blank\" rel=\"noopener\">lessons have been learned<\/a> and the situation seems less volatile this time around. Either way, in a moment of turmoil, homeowners and prospective buyers alike will feel the urge to look around and see if they could get a better deal elsewhere \u2014 whether through lower prices, a better deal per m<sup>2<\/sup>, or a fairer affordability rate compared to local salaries.<\/p>\n<h2><strong>METHODOLOGY &amp; SOURCES<\/strong><\/h2>\n<p>This dataset was compiled using two methods: our own country-by-country analysis of property listings, and manual research to find property studies conducted within the last 12 months from local real estate companies in each country.<\/p>\n<p>We collected the property listings for 73 global capital cities from various sources [1] and converted the prices and the floor areas to USD and square meters accordingly.<\/p>\n<p>We then calculated the median home prices and prices per square meter for each city in the dataset. We also gathered the average monthly net salary from numbeo.com and then calculated affordability to ascertain the number of years worked to earn a median home value.<\/p>\n<p>To supplement this data, we manually researched property studies conducted in each country in 2022 to cross-reference against our own data and to add additional capital cities where their property websites lacked specific data points.<\/p>\n<p>The data was collected in October 2022.<\/p>\n<p>[1] Example Sources*:<\/p>\n<p>&#8211; Spain: Idealista.com<\/p>\n<p>&#8211; Singapore: 99.co<\/p>\n<p>&#8211; Scotland: Rightmove.co.uk<\/p>\n<p>&#8211; United States: Zillow.com<\/p>\n<p>&#8211; China: est.fang.com<\/p>\n<p>*Sources are indicative of examples used and not an exhaustive list<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times are strange on the property market \u2014 and on a global scale. Covid-19 radically shook up our idea of &#8230;<\/p>\n","protected":false},"author":29,"featured_media":14284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[626],"tags":[856,857,855],"class_list":["post-14274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-improving-finances","tag-affordable-homes-around-the-world","tag-cost-of-houses-in-capital-cities","tag-house-prices-around-the-world"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","pp_post_mime_type":"publish","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Average Price of Homes in Capital Cities, Based on Local Listings - NetCredit Blog<\/title>\n<meta name=\"description\" content=\"Explore housing prices across the globe and compare the average cost of homes in different countries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Average Price of Homes in Capital Cities, Based on Local Listings - NetCredit Blog\" \/>\n<meta property=\"og:description\" content=\"Explore housing prices across the globe and compare the average cost of homes in different countries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"NetCredit Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T16:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-12T15:10:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Matt Pelkey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Pelkey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Average Price of Homes in Capital Cities, Based on Local Listings - NetCredit Blog","description":"Explore housing prices across the globe and compare the average cost of homes in different countries.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/","og_locale":"en_US","og_type":"article","og_title":"The Average Price of Homes in Capital Cities, Based on Local Listings - NetCredit Blog","og_description":"Explore housing prices across the globe and compare the average cost of homes in different countries.","og_url":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/","og_site_name":"NetCredit Blog","article_published_time":"2023-02-07T16:00:41+00:00","article_modified_time":"2026-03-12T15:10:01+00:00","og_image":[{"width":750,"height":393,"url":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png","type":"image\/png"}],"author":"Matt Pelkey","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Pelkey","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#article","isPartOf":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/"},"author":{"name":"Matt Pelkey","@id":"https:\/\/www.netcredit.com\/blog\/#\/schema\/person\/2674885be63563de3d83f64e37d2192c"},"headline":"The Average Price of Homes in Capital Cities, Based on Local Listings","datePublished":"2023-02-07T16:00:41+00:00","dateModified":"2026-03-12T15:10:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/"},"wordCount":1490,"image":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#primaryimage"},"thumbnailUrl":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png","keywords":["affordable homes around the world","cost of houses in capital cities","House prices around the world"],"articleSection":["Managing Finances"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/","url":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/","name":"The Average Price of Homes in Capital Cities, Based on Local Listings - NetCredit Blog","isPartOf":{"@id":"https:\/\/www.netcredit.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#primaryimage"},"image":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#primaryimage"},"thumbnailUrl":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png","datePublished":"2023-02-07T16:00:41+00:00","dateModified":"2026-03-12T15:10:01+00:00","author":{"@id":"https:\/\/www.netcredit.com\/blog\/#\/schema\/person\/2674885be63563de3d83f64e37d2192c"},"description":"Explore housing prices across the globe and compare the average cost of homes in different countries.","breadcrumb":{"@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#primaryimage","url":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png","contentUrl":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/Header_Average-Price-of-Homes-in-Capital-Cities.png","width":750,"height":393},{"@type":"BreadcrumbList","@id":"https:\/\/www.netcredit.com\/blog\/average-cost-of-houses-around-the-world\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.netcredit.com\/blog\/"},{"@type":"ListItem","position":2,"name":"The Average Price of Homes in Capital Cities, Based on Local Listings"}]},{"@type":"WebSite","@id":"https:\/\/www.netcredit.com\/blog\/#website","url":"https:\/\/www.netcredit.com\/blog\/","name":"NetCredit Blog","description":"Explore resources to help you build credit, strengthen your finances and borrow wisely.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.netcredit.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.netcredit.com\/blog\/#\/schema\/person\/2674885be63563de3d83f64e37d2192c","name":"Matt Pelkey","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/22-00397_06_ENVA-Author-Head-Shots-Matt-1a01-1-e1673556409239-150x150.jpg","url":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/22-00397_06_ENVA-Author-Head-Shots-Matt-1a01-1-e1673556409239-150x150.jpg","contentUrl":"https:\/\/www.netcredit.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/01\/22-00397_06_ENVA-Author-Head-Shots-Matt-1a01-1-e1673556409239-150x150.jpg","caption":"Matt Pelkey"},"description":"Matt Pelkey is the content strategy manager for Enova International. A certified financial educator, he combines a background in journalism with eight years in the fintech space to offer readers practical, easy-to-understand financial tips. He holds degrees from Vassar College and the University of Notre Dame.","sameAs":["https:\/\/www.linkedin.com\/in\/matt-pelkey-chicago\/"],"url":"https:\/\/www.netcredit.com\/blog\/author\/mpelkey\/"}]}},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-05-24 19:19:06","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/posts\/14274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/comments?post=14274"}],"version-history":[{"count":15,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/posts\/14274\/revisions"}],"predecessor-version":[{"id":16274,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/posts\/14274\/revisions\/16274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/media\/14284"}],"wp:attachment":[{"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/media?parent=14274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/categories?post=14274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.netcredit.com\/blog\/wp-json\/wp\/v2\/tags?post=14274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}