Europe's most expensive housing markets are packed into a surprisingly small corner of the continent.

New data from Global Property Guide show that four of the five priciest cities for residential property are located in Switzerland and Luxembourg, with Zurich topping the ranking at more than €18,000 per square metre.

Here are the 10 most expensive housing markets in Europe, ranked from tenth to first.

The Swedish capital opens the top 10 ranking with one of Europe's clearest property recoveries.

Built across 14 islands where Lake Mälaren meets the Baltic Sea, Stockholm combines some of Europe's highest living standards with one of its most constrained housing markets.