Switzerland has cemented its status as Europe’s most expensive housing market: four of the country’s cities have made it into the top five, according to Euronews. In addition to Zurich, these are Geneva, Lucerne, and Bern.
Zurich ranks first with a price of €18,229 per square meter. Over the past two years, housing prices here have risen by nearly 12%, despite already record-high levels. Experts attribute this to the high concentration of the financial sector, a stable economy, and a shortage of supply.
Geneva ranks second (€16,819 per square meter), where demand is driven by international organizations and the banking sector. Lucerne ranks third at €12,066 per square meter, one of the most expensive markets outside major metropolitan areas.
Luxembourg came in fourth at €10,941 per square meter. Despite a decline in prices following previous growth, the city remains one of Europe’s key financial centers. Bern ranks fifth at €9,952 per square meter.
Paris came in sixth: €9,490 per square meter. Over the past two years, housing in the French capital has fallen in price by 7.3%, which sets it apart from most cities in the ranking.
Amsterdam, Oslo, Copenhagen, and Stockholm also made the top ten. The most significant price increases were recorded in Copenhagen and Amsterdam, where high demand and a housing shortage persist.
The ranking confirms a consistent trend: the most expensive housing markets are concentrated in financial centers with limited supply. Switzerland remains the clear leader—four of its cities are in the top 5, and Zurich continues to widen its lead over the rest of Europe.
