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01 — Compare
Pick any two. Bars are scaled to the larger of the pair, so the shorter bar reads as the share. Country-level rows carry each city's country, not the city itself.
| Measure | — | — |
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02 — Momentum
Year-on-year change in the house price index at the latest published quarter. Countries whose series has stopped updating are excluded and named under coverage.
Eurostat house price index, all dwellings; Georgia, Armenia and Azerbaijan from their own national sources. Blue rising, red falling. Non-EU markets are shown lighter.
Cumulative change since 2015, nominal against inflation-adjusted. The bar between the dots is the part of the headline rise that was general inflation rather than housing becoming dearer. Nominal from Eurostat, real from the BIS.
03 — Trajectory
Eurostat's index is based on 2015; Georgia's is based on the 2020 average, so the two cannot share an axis as published. Rebasing to 2020 puts them on one footing and brings Georgia in. Armenia and Azerbaijan publish no quarterly series at all.
04 — City prices
Average apartment price per square metre. Cities where no price is published are left out of these charts entirely rather than drawn as zero.
Euro per m². The period beside each bar is what that figure is from.
City price per m² times 70, over median disposable annual household income. Only cities where Eurostat publishes both.
05 — Pressure
Private households divided by conventional dwellings, both from the same year. Above 1.00 means more households than homes — the crude structural read on shortage. This has better coverage than price, so cities missing from the price charts appear here.
06 — Context
Net migration is the demand signal behind a housing market. Governance scores are the Worldwide Governance Indicators, 0–100. Business Location is the World Bank's B-READY pillar covering land and property registration — it replaces Ease of Doing Business, which the World Bank withdrew in 2021 after an investigation into data manipulation, and which no longer exists to quote.
| Country | Price y/y | Net migration | Corruption control | Regulatory quality | B-READY location | Housing overburden |
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07 — Districts
The only two cities here with published district-level prices. Tbilisi from Geostat's quarterly spreadsheet, Yerevan from the Cadastre Committee.
08 — Beyond the EU
Neither Eurostat nor the BIS covers these three; both were checked. Tbilisi reads straight from Geostat. Yerevan and Baku have no machine-readable feed, so each figure is listed with its source, period, basis and age. Converted to euro at the National Bank of Georgia rate.
09 — Full list
| City | Country | €/m² | From | Age (mo) | Hh/dwelling | Rent €/m²/yr | Income € | Yrs to buy | Population |
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10 — Research
Publications are tracked and linked, never parsed. A layout change inside a broker PDF would corrupt figures with nothing visibly breaking, so no number on this page comes out of one.
11 — Provenance
| Source | What it gives | Cadence |
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