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Zurich, Geneva And London Lead Europe’s Most Expensive Housing Markets

Zurich is Europe’s most expensive city for buying an apartment in the centre, with prices averaging €22,910 per square metre, according to Deutsche Bank Research Institute’s Mapping the World’s Prices 2026.

Geneva ranks second at €19,439 per square metre, followed by London at €17,241. An 80-square-metre apartment would therefore cost about €1.83 million in Zurich, €1.56 million in Geneva and €1.38 million in London.

Paris And Vienna Complete Top Five

Paris ranks fourth at €12,771 per square metre, making central London about 35% more expensive. Vienna follows at €12,483.

Munich is Germany’s most expensive market at €11,435 per square metre. Luxembourg, Copenhagen, Stockholm and Oslo also rank among Europe’s 10 most expensive cities, with prices ranging from €11,011 in Luxembourg to €9,785 in Oslo.

Milan and Amsterdam are slightly cheaper at €9,378 and €9,273 respectively, while Helsinki ranks 13th at €8,431.

Central European Cities Narrow The Gap

Prague is also approaching Western European markets, with central property averaging €8,352 per square metre. Madrid follows at €7,831 and Berlin at €7,613, while Rome averages €7,328.

Dublin and Frankfurt remain above €7,000 per square metre at €7,185 and €7,162. Lisbon and Barcelona are lower at €6,636 and €6,485.

Istanbul And Athens Among The Cheapest

Istanbul is the least expensive European city in the survey at €2,646 per square metre, followed by Athens at €3,442. Brussels ranks third from the bottom among the 28 European cities at €4,380. Birmingham averages €4,671 per square metre, while Budapest, Warsaw and Edinburgh range from €5,243 to €5,708.

The average across the 28 European cities is €9,090 per square metre. An 80-square-metre apartment would therefore cost about €727,000, while only four cities exceed €1 million for a property of that size.

Hong Kong Is The World’s Most Expensive

Across all 69 cities in the report, Hong Kong ranks first at €23,790 per square metre. Zurich and Seoul follow at €22,910 and €21,897 respectively. At the other end, Cairo is the least expensive city surveyed at €784 per square metre, followed by Johannesburg at €913.

The report combines data from Numbeo and Deutsche Bank, with prices converted into euros using European Central Bank average exchange rates for the first half of 2026.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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