Rent prices continue to rise in several European cities – in some more than 10 percent. In Lisbon, renting a furnished T1 apartment cost, on average, €1,240 per month between October and December 2021. But in Paris it costs even more: €1,964 euros per month. And in Berlin, rent values jumped 40% in just one year, according to data from the HousingAnywhere International Rent Index.
At the bottom of the table is the city of Turin, in Italy, where it is possible to rent an apartment for 846 euros per month, accompanied by Valencia (Spain), where rents are situated at 856 euros per month.
The survey found that 11 of the 22 European cities have seen the prices of apartments for rent rise by double digits and Lisbon was the 11th city where prices rose the most in this period (+10.59%).
“Cities are competing for talent, while talent is competing for houses,” said Djordy Seelmann, CEO of HousingAnywhere. “This requires stakeholders such as municipalities, universities, property developers and technology providers to work together to find short-term and long-term solutions to the housing crisis that is troubling Europe. We must prioritize co-creation and cooperation, because global talents are postponing or even cancelling their international education and career plans, because they cannot find a suitable home”, he added.
You can’t compare Lisbon to Paris. The French earn considerably more than the Portuguese.
By Ian from Lisbon on 24 Jan 2022, 08:07
There is huge disproportion between asking prices and actual prices that are actually paid, both in renting and buying space. Huge number of agencies and agents can only hike prices up but that doesn't mean that anybody pays at that price. Current renting/selling prices in Algarve could as well be 10x higher, with the same result -- asking price is not main or accurate metrics.
By dpx from Algarve on 24 Jan 2022, 09:27
For international comparison, the ratio of rent to income in each is an appripriate criterion. In this regard, doesn't Portugal have the highest ratio?
By Jaber Ehdaie from Lisbon on 25 Jan 2022, 21:13
I hope heating is included and working so the tenant doesn't have to freeze in an ice cold T1.
By Price from Other on 27 Jan 2022, 12:01