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 house in Southbury 625 757,00 $

Spain,Southbury

3 Bedrooms

2 Bathrooms

121 м²

Sale flat in Lisbon 185 954,00 $

Portugal,Lisbon

1 Bedroom

1 Bathroom

40 м²

Sale villa in Karimate 5 143 939,00 $

Spain,Karimate

6 Bedrooms

8 Bathrooms

850 м²

Sale house in Manerba del Garda 4 348 484,00 $

Spain,Manerba del Garda

7 Bedrooms

6 Bathrooms

1621 м²

Rent flat in Milan 7 424,00 $

Italy,Milan

5 Bedrooms

4 Bathrooms

330 м²

Sale villa in Nice 4 083 333,00 $

France,Nice

5 Bedrooms

5 Bathrooms

315 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!