> ## Content Index
> Fetch the complete content index at: https://theparnassian.com/en/llms.txt
> Use this file to discover other available public pages before exploring further.

# What a Square Metre of Housing Costs in Moscow and European Cities According to Global Property Guide
- URL: https://theparnassian.com/en/vsio-poznaiotsia-v-sravnenii-osobenno-tseny-na-nedvizhimost/
- Published: 2026-11-13T11:44:09.000Z
- Updated: 2026-11-13T12:00:17.000Z
- Author: Alexandr Radayev
- Tags: Moscow, Observations, Society

Everything is known by comparison, and property prices above all. While we rightly lament the exorbitant cost of housing in Moscow, the analytical portal Global Property Guide has published a fresh ranking of the price per square metre in European cities.

If this table is to be believed, housing costs more than in Moscow not only in Zurich (18.499 e per metre), Luxembourg, Copenhagen, Paris and London, but also in Prague, Warsaw, Zagreb, Bratislava, Budapest, Belgrade, Vilnius, Tallinn, Athens, Riga and even Podgorica, the Montenegrin capital. Moscow takes 31st place out of 33 in this list, with a figure of 2.646 somehow-in-$ per square metre.

Naturally, we shall not blindly trust the manifestly understated figure for Moscow. At the current exchange rate it comes to 218 thousand roubles, which is rather the average price of a metre in new-build housing across the country. In reality, according to Rosstat, a metre on Moscow's primary market costs 414.371 roubles and has risen by almost 20% over the year. On the secondary market it is 369.497 roubles. At the Central Bank's rate that is about 4.500 and 4.000 euros.

Thus, if we take the figures for the other cities to be correct, Moscow would take 20th place in the ranking, between Helsinki (4.808) and Warsaw (4.225).

However, Rosstat averages prices across the whole city together with New Moscow. In January 2026 the average price of a metre in new-build housing in Old Moscow came to about 9.000 euros. With such a figure Moscow would rise to sixth place, between Oslo and Amsterdam. The median price of a metre in new builds in the Central Administrative District exceeded a million roubles in spring, which is more than in Luxembourg. True, for Paris or London the ranking takes in the entire housing stock, old buildings included.

In my view, what remains undervalued in all this is Moscow's mass-market housing, rather than the city as a whole. A metre in comfort-class new builds in Moscow in February 2026 costs about 4.000 euros. That is cheaper than in Ljubljana, Prague or Helsinki, and roughly the same as in Warsaw.

It is interesting to compare what buyers in other cities are paying for. In Belgrade a metre costs 3.169 euros and has risen by 21% over the year, although the Serbian capital remains the only one in Europe that discharges all of its untreated sewage into its rivers. Around a hundred sewage outfalls pour into the Sava and the Danube each year enough filth to fill 60 thousand Olympic swimming pools, while lorries carry the contents of cesspits from districts not connected to the sewers off to the very same Danube. In Lisbon a metre costs 6.247, almost one and a half times more than Moscow's comfort class, although Portugal ranks fourth in the European Union by the share of residents who cannot afford to heat their homes properly. In Andorra la Vella, the capital of a pocket-sized principality in the Pyrenees, a metre comes to 6.549, although fewer than 25 thousand people live in the whole city