Changes in real estate rental prices in Europe.

The rental real estate market in Europe continues to grow, but the rate of increase has slowed from previous months. Such data was provided by rental real estate platform Housing Anywhere International.

According to an analysis of more than 64,000 properties in 23 European cities, the second quarter of 2023 was the first quarter in the last five when annual rental growth in Europe fell below 10% to 9.6%. However, some cities are exceptions.

On the one hand, rental prices have fallen slightly in some European cities. For example, in Paris, the rental price of a furnished one-bedroom apartment fell by 5.6% in the second quarter of 2023 compared to the same period last year, with similar figures seen inRome (5.7%). In Brussels, prices also fell, although somewhat less significantly (2.6%).

On the other hand, some cities experienced more significant price increases.

Sale flat in Saint-Denis 373 625 $

France,Saint-Denis

3 Bedrooms

2 Bathrooms

109 м²

Sale flat in Oeirash 153 877 $

Portugal,Oeirash

1 Bedroom

1 Bathroom

55 м²

Sale penthouse in Oeirash 139 839 $

Portugal,Oeirash

1 Bedroom

1 Bathroom

61 м²

Sale flat in Oeirash 188 972 $

Portugal,Oeirash

1 Bathroom

41 м²

Sale flat in Oeirash 221 367 $

Portugal,Oeirash

2 Bedrooms

2 Bathrooms

108 м²

Sale flat in Saint-Aubin-les-Elbeuf with city view 85 847 $

France,Saint-Aubin-les-Elbeuf

2 Bedrooms

1 Bathroom

68 м²

The highest growth rate was Budapest (43%), although rents in this city are still relatively low compared to the rest of Europe: you can rent a furnished one-bedroom apartment for €1,100 per month. Lisbon and Porto experienced a 25% increase in rental prices compared to the second quarter of 2022, and it is Lisbon that currently has the highest rents of all the cities studied (€2,500 per month for a furnished one-bedroom apartment).

This information graphic shows the rental prices for a furnished one-bedroom apartment in selected European cities in the second quarter of 2023 and their year-on-year change.

If you have any other questions, we are happy to answer them! Contact us! It's quick and easy, and we'll be happy to help you!