One apartment, two prices: Why properties in the same area don’t hold the same value?
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One apartment, two prices: Why properties in the same area don’t hold the same value?

Two apartments in the same area with similar surface areas can have entirely different prices. The value of a property is not determined solely by the price per square meter but also by the floor, orientation, view, layout, building quality, apartment condition, and parking. To truly understand a property’s price, you must consider everything it offers as a whole—not just the square meter count. After all, two properties may be side by side yet not provide the same value.

Two apartments can be located in the same area, have similar surface areas, and yet show a significant price difference. The reason is not always simply “price per square meter.” In the real-estate market, the value of a property is determined by a combination of factors related to the apartment itself, the building, and its position.

Location

Even within the same area, there can be major differences. An apartment near a main road, public transport, or services may attract a different demand than one just a few minutes away. Yet even when the location is almost identical, the price can still vary.

Floor, orientation, and view

One of the most noticeable factors is the floor. Apartments on higher floors often have more natural light, a wider view, and less street noise. Orientation also matters. A unit with good daylight exposure can be more appealing to a buyer than another of the same size but with less natural light. The view is another element that influences how a property is perceived and valued, especially in urban or open landscapes.

Floor plan

Two 80 m² apartments are not necessarily equal. One may have an efficient layout, well-used space, and sensible room divisions. The other might feature long corridors or areas that are harder to utilize. Therefore, surface area must be considered alongside how that space is actually used.

Building and property quality

Year of construction, quality of materials, building maintenance, elevator availability, management of common areas, and construction standards all contribute to value. A renovated and well-maintained apartment can command a different market position than a same-sized property needing further investment.

Parking

In areas where parking is limited, an apartment with a parking space can hold a significant advantage over a similar unit without one. This is why it’s important not to compare only the total price of two properties, but also what is actually included in that price.

Price per m²

Relying solely on a price-per-square-meter figure can oversimplify a comparison between properties that are not truly alike. A fair analysis must account for location, floor, orientation, view, floor plan, condition, parking, building quality, and documentation. Ultimately, two properties in the same area may have different prices because they do not necessarily offer the same value.

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