Property in Norway, Belgium and Finland is extremely overrated. At the same time, buyers pay much less than the real value for houses in Greece, Germany and Portugal. It is reported by portal ee24.com citing Global Opportunities Report from Knight Frank.
Comparing the ratio of property prices to rents, as well as to the level of income, experts have compiled a list of countries according to the degree of underestimation and revaluation of property.
Rating for the first criterion (compared to rents) shows that the most inflated prices are for property in Norway and Belgium (over 60%), and housing prices even continue to go up there. Buyers pay more for real estate in Finland, France, Sweden, England (30-40%), as well as for property in Denmark, the Netherlands and even Spain (about 10%).
Housing prices in Luxembourg, Austria, Italy, Switzerland, Slovakia, Ireland and the Czech Republic match realities, deviation is less than 10%. Most undervalued markets are in Slovenia, Ireland, Portugal, Germany and Greece (within 20%).