A new study has concluded that Lisbon is the fifth capital where house prices are lower. A study conducted by the British insurance company CIA Landlords estimated the cost of buying a property depending on the average size of a house.
According to the newspaper ECOAfter Lisbon, the cheapest capitals to buy a house are Athens in Greece, Brussels in Belgium, Ottawa in Canada and, most notably, Madrid in Spain.
The analysis showed that the price of a square meter in Lisbon averages 4,881.83 pounds (about 5,540 euros). Given that the average size is 84 square meters, the average cost of a house will be 410,073.72 pounds (about 465,719 euros).
In terms of house sizes, Lisbon ranks 16th among the 23 cities analyzed. Canberra, the capital of Australia, is the city with the largest houses, with an average size of 214 square meters.
Hong Kong is the most expensive city to buy a house. According to the study, although the houses are smaller, with an average of 45 square meters, the price here is the highest: £25,099.05 (about €28,528) per square metre.
Author: morning Post
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.