The price per square meter for new housing in the city center of Monaco is the highest at 80,000 euros, followed by London, Milan, Paris, and Rome, with prices ranging between 8,500 and 11,500 euros. In contrast, the price for similar housing in Madrid is only 5,600 euros.
The ranking for luxury residential prices is basically similar, and the prices are generally higher than those for new housing in the city center, with the exception of Monaco, where the price for such residences is lower than that of new housing in the city center, at 60,000 euros.
In the ranking of second-hand home prices, Madrid and Barcelona are at the lower-middle level, with Barcelona at 4,200 euros and Madrid at 4,100 euros.
The report also analyzed the ranking of the average square footage of homes purchased by foreigners, with Milan and Madrid being the highest at 200 square meters, followed by Paris and Rome at 180 square meters, while Barcelona is only 120 square meters.