€2,000–€4,000 per square meter in Baltic capitals versus €7,000–€10,000 in Nordic capitals — and more than €50,000 per square meter in Monaco. These numbers illustrate how dramatically housing prices vary across the world. According to international data compiled by the Global Property Guide, the Baltic states remain among the more affordable housing markets in Europe, while Scandinavia belongs to the continent’s higher-priced tier.

At the very top of the global ranking sits Monaco, where prime residential property can exceed €50,000–€60,000 per square meter, making it the most expensive real estate market in the world. Other extremely expensive cities include Hong Kong, Singapore, London, and Zurich, where average prices frequently range between €15,000 and €30,000 per square meter depending on the location.

Across Western Europe, major capitals such as Paris, Amsterdam, and Berlin typically fall in the €8,000–€15,000 per square meter range. Scandinavian cities belong roughly to this same upper-middle price tier of the European market.

In Northern Europe’s Nordic capitals, apartment prices per square meter often reach approximately €8,000–€10,000 in Stockholm, while Copenhagen and Oslo usually range between €7,000 and €9,000 per square meter. High incomes, strong urban demand, limited supply of central housing, and high construction costs contribute to these elevated price levels.

The Baltic capitals remain significantly more affordable despite steady price growth over the past decade. Average apartment prices per square meter are approximately €3,000–€4,000 in Tallinn, €2,500–€3,500 in Vilnius, and €2,000–€3,000 in Riga. These price levels place the Baltic housing markets far below Western European and Nordic capitals but above many markets in Eastern and Southeastern Europe.

Globally, the Baltic capitals generally fall into the mid-range tier of European housing markets, while Scandinavian capitals rank among the more expensive cities on the continent but still remain well below ultra-premium markets such as Monaco, Hong Kong, or central London.

The comparison highlights a clear regional contrast. While Nordic capitals typically range between €7,000 and €10,000 per square meter, Baltic capitals range between €2,000 and €4,000 per square meter. For investors and homebuyers, this gap reflects two different market profiles: stable but expensive housing markets in Scandinavia, and comparatively affordable markets in the Baltics with potential for further growth.