Understand the factors that affect apartment prices and build a realistic budget.
Why an average price can mislead
Prices vary by neighbourhood, building, floor, orientation, view, balcony, parking, condition and size. A city-wide average can conceal large differences between apartments that are not directly comparable.
Define the property type and location first, then compare like-for-like examples. Be cautious when a listing uses price per square metre without explaining which areas are included.
Check actual sale prices
Where possible, consult recorded transactions for similar properties and compare the sale date, size, floor and condition. Asking prices show what sellers hope to receive, not necessarily the final transaction value.
Consider several examples rather than relying on one sale. For new-builds, check what is included in the price and whether indexation or additional fees apply.
Build the acquisition budget
Add the purchase tax applicable to your situation, legal fees, agency commission if payable, financing costs, repairs, furniture and building charges to the negotiated price.
If funds are held in another currency, allow for exchange-rate changes and transfer costs. Have the tax and legal position checked for your individual circumstances before committing.
Official sources to consult
Rules, rates and data can change. Verify information at the time of your transaction and consult a qualified professional.
Frequently asked questions
What is the average price per square metre?＋
There is no single figure that accurately represents every property. Compare recent transactions for similar apartments in the same area and building type.
Where can I find prices actually paid?＋
Use official transaction data where available and ask a local professional to help identify comparable sales.
Is the advertised price final?＋
Not necessarily. Negotiation, taxes, fees, repairs and possible indexation can change the total amount you pay.