Nicosia continues to offer apartment prices well below those seen across much of western Europe, while neighbouring Athens remains one of Europe’s most affordable capitals despite years of strong property price growth.  The findings come from a recently-published report by the Global Property Guide, an international property market platform comparing real estate data across 88 countries in Europe, Asia, the Middle East and Latin America.  The report found that Athens records some of the lowest median asking prices among major European cities for one, two and three-bedroom apartments, particularly when compared with western European capitals.  For Cyprus, the same report showed that the indicative median asking price for a one-bedroom apartment in Nicosia stands at €145,000, while a two-bedroom apartment costs €205,000 and a three-bedroom apartment €280,000.  The figures place Nicosia slightly above Athens in the one-bedroom category, where the Greek capital records a median asking price of €135,000, while prices for two and three-bedroom apartments are identical in both capitals at €205,000 and €280,000 respectively.  Among one-bedroom apartments, Athens remains considerably cheaper than many other major European cities, with median asking prices reaching €174,000 in Warsaw, €240,000 in Madrid, €310,000 in Milan and €325,000 in Berlin.  The gap widens further in some western European capitals, with Paris and Lisbon both recording median asking prices of around €440,000 for one-bedroom apartments.  The differences become even more pronounced for larger homes.  A three-bedroom apartment in Athens has a median asking price of €280,000, compared with €1.08 million in Paris, €845,000 in Berlin, €690,000 in Milan and €685,000 in Lisbon.  For two-bedroom apartments, Athens records a median asking price of €205,000, while equivalent properties are priced at €695,000 in Paris, €620,000 in Lisbon, €527,000 in Berlin, €455,000 in Milan, €380,000 in Madrid and €222,000 in Warsaw.  According to the analysis, the figures underline a price gap worth hundreds of thousands of euros between housing markets in western Europe and those in eastern Europe and the Balkans.  The report said that Europe’s residential property market continues to display substantial differences in apartment prices, with some cities commanding values many times higher than others.  Zurich emerged as Europe’s most expensive market for a one-bedroom apartment, with a median asking price of €1.151 million.  It was followed by Luxembourg at €669,000, Copenhagen at €601,000, Munich at €548,000 and London at €522,000, while Paris and Lisbon shared the same level at approximately €440,000.  At the opposite end of the market, the lowest asking prices are concentrated largely in south-eastern and eastern Europe.  Median asking prices for a one-bedroom apartment stand at €125,000 in Riga, €118,000 in Podgorica, €110,000 in Bucharest, €103,000 in Sarajevo and €79,000 in Chisinau.  According to the report, Skopje is Europe’s cheapest market, with a median asking price of just €55,000 for a one-bedroom apartment. (ICE BEIRUT)

Fonte notizia: Cyprus Mail