By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Which capital cities are among the costliest places to rent in Europe?
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > Which capital cities are among the costliest places to rent in Europe?
Business

Which capital cities are among the costliest places to rent in Europe?

By admin 5 Min Read
Share
SHARE

New research finds that average rents in one capital have reached a record quarterly high while other cities are now among the priciest in Europe.

Contents
How do London rents compare with European rivals?Cities of high culture and romance among the most expensiveBest value cities charged around €1,000

Average rents in London reached a record quarterly high of £2,694 (€3,220) a month, a 2.5% increase on last year’s figure, a new report has found.

The data, from UK property portal Rightmove, is based on an analysis of more than half a million properties advertised for rent on the company’s website between July and September 2024.

The average price calculation is based on the asking rents for all properties, from bedsits and one-bedroom flats to multi-room houses.

Taking these variables into account, London is still one of the most expensive places to live, with rents outstripping those in comparable European countries.

Rightmove calculated the average rent for the more desirable inner London areas to be an eye-watering £3,175 (€3,795), while outer London prices were a more modest £2,341 (€2,797).

Rightmove’s Director of Property Science, Tim Bannister, told Euronews Business that London’s staggeringly high rents are the result of a number of economic factors.

“Many landlords are facing higher costs in the form of mortgage rates, maintenance, and regulatory compliance. The increase in average advertised rents also reflects the challenges renters are facing, as they’re being asked to pay more in a market that’s still highly competitive, despite some improvements in supply.

“As we approach the Autumn Budget, many landlords are evaluating their future in the market, and some may choose to exit the market due to the pressures they face,” he said.

How do London rents compare with European rivals?

German data analytics company Statista examined the rental costs of 23 leading European cities for the first quarter of the year to determine the most expensive places to rent.

Cities including Milan, Paris, Amsterdam, Berlin, Lisbon, Helsinki, Athens, and Rome (but not London) were analysed to identify just how much it would cost to rent a one-bedroom, furnished flat.

After crunching the numbers, Statista researchers identified Amsterdam as the priciest postcode to rent a one-bedroomed pied-à-terre.

With rents topping €2,275 a month, the Dutch city, although pricier than its continental neighbours, was almost €1,000 a month cheaper than renting in London.

Cities of high culture and romance among the most expensive

After Amsterdam, Rome and Paris were the most expensive places to rent among the nations polled. Renters would have to fork out €2,000 a month to live in the Eternal City, while those wishing to follow in the footsteps of “Emily in Paris” will need to find €1,862 to rub shoulders with Parisian fashionistas.

Dutch cities Rotterdam, Utrecht, and The Hague were all placed in the top 10 most expensive places to rent. Rotterdam, with charges of €1,795 a month, was placed fourth on the list, closely followed by The Hague in fifth position with monthly rents of €1,790.

Utrecht was pipped to the sixth position by Munich, with the German city’s rental cost of €1,770 squeezing ahead of its Dutch rival’s €1,746 a month fee.

Historic Italian cities Bologna and Florence were placed towards the top of the list in 11th and 12th position, with rents coming in at €1,600 a month, the same as Prague.

European capitals, Madrid and Berlin, were considerably cheaper than London and Amsterdam, with rents in the Spanish city averaging €1,494 and €1,500 in Germany’s capital.

Best value cities charged around €1,000

Budapest, Athens, and Turin were the most affordable places to rent among the 23 cities polled. Budapest took the title for the cheapest rents, with monthly fees just dipping below the €1,000 threshold.

Renters in Hungary would have to part with €950 a month to live in the country’s capital.

Athens, the Greek capital on the shores of the Mediterranean, charges renters €1,000 to enjoy its many delights, while the Italian city of Turin isn’t far behind with an average rent of €1,100.

You Might Also Like

Up 1,384%! What can we all learn from the Rolls-Royce share price’s rise?

Diane Keaton, Oscar-winning star of ‘Annie Hall’ and ‘The Godfather,’ dies at 79

Colorado beer dominates GABF awards with 33 medals, three ‘brewery of the year’ accolades

India could withstand external shocks due to strong domestic demand and economic policies: Shaktikanta Das

Postal traffic to U.S. plunges 70% for a full 5 weeks after end of ‘de minimis’ exemption

TAGGED: Business News
Share This Article
Facebook Twitter Copy Link
Previous Article Euroclear makes first Asia investment with Marketnode stake
Next Article Louis Tomlinson Reacts to ‘Brother’ Liam Payne’s Death in New Statement
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Bitcoin Rally Met With Institutional Call Selling In Options Market – Details
Crypto
Fire TV Soundbar Is Selling for Pennies Post Prime Day, Now 5x Less Than Sony or Bose Rivals
Gaming News
Relax, Bitcoin is going to be ok, even if BTC lost 13% in 8 hours: The proof is in the data
Crypto
RedClick dublinbikes Hits 40 Million Journeys Milestone, Unveils Custom Art Bike by Holly Pereira
Tech News
6 Best Carpet Cleaners (2025), Tested and Reviewed
Tech News
4 Takeaways From Ohio State's Win Over Illinois on 'Big Noon Saturday'
Sports
Up 1,384%! What can we all learn from the Rolls-Royce share price’s rise?
Business

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Bitcoin Rally Met With Institutional Call Selling In Options Market – Details

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Bitcoin Rally Met With Institutional Call Selling In Options Market – Details
October 11, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?