Monthly rent per square meter in European cities 2019-2020

In 2020, the most expensive residential rental market in Europe was Paris with rental costs of approximately 29 euros per square meter. Inner London, Oslo, and Copenhagen followed with rental costs of 26.1, 24.7, and 19.9 euros per square meter, making them the most expensive residential rental markets after Paris. Unlike house prices, which increased in almost all European countries in 2020, rents in many cities fell.

How much does an apartment cost in different European cities?

Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between 580 euros monthly (Valencia, Spain) and 1,144 euros (London, UK) per month. For a furnished one-bedroom apartment in Paris, France, one may be expected to pay on average 1,800 euros monthly.

Which countries have the most affordable housing?

The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. it. As of the fourth quarter of 2020, Finland, Italy, and Estonia had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to rent.