A new study conducted by Cryptorush has identified the best European cities for purchasing property in prime areas.
This ranking is based on an exhaustive analysis of 100 cities across Europe, utilising a comprehensive index that assesses several critical factors: property prices, rental prices, rental occupancy rates, cost of living, and average income.
To create this index, the research gathered data on the average price per square meter for properties in the most desirable neighbourhoods within each city. It also collected information on rental prices for an 85m² apartment and the rental occupancy rates in these sought-after areas.
The analysis also included the cost of living and average income levels to provide a thorough understanding of the economic conditions in each city.
By weighting each of these factors, a total index score was calculated for each city, which enabled the ranking from the most to least attractive locations for property investment.
Zurich, despite high property prices of €23,800 (£19,985) per square meter and a significant cost of living, ranks eighth with an index of 0.599. However, strong rental yields of €4,000 (£3,358) and a high average income of €7,300 (£6,130) justify the investment for those targeting prime properties.
(Image: Getty)
