The British company analysed the average size of houses in
30 of the most populous cities in the United Kingdom, and then compared this on
a global scale, taking into account the cost of buying a house by average size.
And in the 23 cities in the world analysed, Lisbon appears as the fifth
cheapest city to buy a house. Only ahead of Lisbon are the cities of Athens
(Greece), Brussels (Belgium), Ottawa (Canada) and Madrid (Spain) as being
cheaper to buy.
According to the study, to buy a medium-sized house in the
Portuguese capital (84 m2) you need to spend £4,881.83 per sq.m, about €5,543.55, at the
current exchange rate. The cost of buying this house is therefore around £410,073.72
(about €465,719). Lisbon appears in the fifth position of the cheapest cities,
but it is also one of the cities with the smallest houses - it occupies the
16th place if we only analyse the average size, according to a report by
Idealista.
Canberra, Australia, is the city with the largest houses –
the average size is around 214 m2 - followed by Wellington, New Zealand, (202
m2) and Washington, USA (201 m2).
Unsurprisingly, Hong Kong ranks as the most expensive
city-state in the world to buy a home. The price per square metre is £25,099.05
per m2, about €28,528.48. The cost of a medium-sized house, 45 m2, comes to £1,129,457.25,
about €1,284,198.24.