New apartments in Warsaw 8 times cheaper than in London - report
15:04
Warsaw is almost the cheapest location within 15 EU countries in terms of apartment prices, in addition, Poland has the lowest number of apartments per capita, according to a report titled „Property Index. Overview of European Residential Markets” complied by Deloitte.
On average, a square meter of a new dwelling in the Polish capital amounts to €1,750, compared with over €14,000 in London city center and €10,200 in Paris, the consulting company estimated. Only two capitals are cheaper than Warsaw, i.e. Budapest (€1,200 per a sqm) and Lisbon (over €1,700 a sqm).
When it comes to the number of apartments per capita, as of 2013, the Polish rate stood at 360/1000 persons. The EU average amounted to 452/1000, Italy enjoyed the highest rate, 580/1000, the report also indicated.
