Why do you need to know the results of the research International Rent Index by City Q1 2024? This statistic will be informative for both our readers who are planning to rent housing abroad and those who want to buy an apartment in another country in the first case, you will be able to skillfully avoid overly expensive cities. As for the second, additional explanations are unnecessary because you understand the benefits for yourself as a homeowner - the higher the rental price, the higher your income. Any of our readers will find something useful, so let's move on from the introduction to the essence.
The highest rent for apartments and rooms
We decided to draw your attention to the Eiffel Tower, but not only Paris made it to the top ten cities with the highest rental prices. In the first quarter of this year, the average rent index in Europe increased by 3.8%, although in some cities there was an increase of up to +26%. Comparing with the same period last year, the numbers increased not as much as they could have. Let's walk together through the largest European cities and compare prices for renting apartments, rooms, and studios.
- Amsterdam (Netherlands) - +0.1% → €2,275;
- Rome (Italy) - +2.6% → €2,000;
- Paris (France) - +7.9% → €1,862;
- Rotterdam (Netherlands) - +15.8% → €1,795;
- The Hague (Netherlands) - +25.6% → €1,790;
- Munich (Germany) - -1.7% → €1,770.
Lisbon (Portugal) - -21.1% → €1,700.
Max: The Hague.
Room rental cost:
- Amsterdam (Netherlands) - +4.6% → €963;
- Utrecht (Netherlands) - +26.4% → €850;
- The Hague (Netherlands) - +6.3% → €850;
- Munich (Germany) - -3.4% → €850;
- Cologne (Germany) - -0.6% → €845;
- Rotterdam (Netherlands) - +6.7% → €800.
Berlin (Germany) - -10.3% → €700.
Max: Utrecht.
Monthly rent for the studio:
- Amsterdam (Netherlands) - -0.6% → €1,740;
- The Hague (Netherlands) - +22% → €1,525;
- Munich (Germany) - -0.1% → €1,499;
- Hamburg (Germany) - +4.9% → €1,416;
- Bologna (Italy) - +25% → €1,375;
- Paris (France) - +6.2% → €1,351.
Min: Berlin (Germany) - -7.7% → €1,200.
Max: Bologna.
Amsterdam considered the most attractive city for buying real estate for subsequent rental. Do not be confused by the trend for studios. This segment is quite weakly represented in the country as a whole, so the limited number of offers affects the not quite accurate formation of statistics. Be that as it may, a dozen studios cannot harm the reputation of Amsterdam. It is worth going here for stability, reliability, and beautiful landscapes.