PricePinner
If you guess small flats from a price per square metre that you learned on big flats, you will often guess too low.
Why small flats cost more per square metre
- Every flat needs a kitchen and a bathroom. In a small flat, these expensive rooms are a big part of the area.
- Many people want a small flat: students, young workers, people who live alone and people who buy for their children.
- The total price is lower, so more buyers can afford it. More buyers push the price up.
How big is the effect?
It depends on the area. In popular city areas, a one-room flat can cost clearly more per square metre than a four-room flat in the same building.
How to use this
When you guess a small flat, add a premium to the price per square metre for the area. When you guess a big flat, go down a little.
Check your history
Look at your past guesses on small flats. If you are always too low, you have found the effect in your own data.