Where is more favorable to rent an apartment: in Moscow, Lisbon or Vienna? Review of prices in European capitals

April 23, 2021
The cost of renting apartments in EU capitals: an overview of prices for April 2021
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The programs of residence permits by investment imply renting or buying housing in a new place. Not everyone is ready to immediately buy a house or apartment abroad: the average price per square meter in the European Union – from € 1,500 to € 13,000. For many people it is more profitable and convenient to rent an apartment.

We tell you how much it will cost to rent an apartment with three bedrooms in the center of European capitals.

In 2019, dollar millionaires most often moved to live in Switzerland, Portugal, Greece and the UK. Such a conclusion was made by experts of the analytical company New World Wealth. We told about it in the material “Top 10 countries that wealthy people choose to live”.

The average cost of renting an apartment in the European Union is € 1,600. This is the price for an apartment for a large family: with three bedrooms, separate living room, one or more bathrooms. But this figure is more of a guideline than real data: rental prices in some countries of the region differ by a factor of three.

€1,600 per month

Average rent price for a three-bedroom apartment in the EU

We checked how much it costs to rent an apartment for a month in European capitals. The list includes EU countries, Switzerland and Britain. The prices are current as of April 2021.

Average price to rent an apartment with three bedrooms in the city center

City, Country Rental price per month
Sofia, Bulgaria € 689
Athens, Greece € 713
Riga, Latvia € 792
Budapest, Hungary € 797
Zagreb, Croatia € 803
Tallinn, Estonia € 873
Vilnius, Lithuania € 888
Nicosia, Cyprus € 904
Bratislava, Slovakia € 1 070
Ljubljana, Slovenia € 1 088
Prague, Czech Republic € 1 208
Warsaw, Poland € 1 294
Lisbon, Portugal € 1 497
Brussels, Belgium € 1 536
Madrid, Spain € 1 597
Vienna, Austria € 1 708
Berlin, Germany € 1 794
Helsinki, Finland € 1 950
Rome, Italy € 1 956
Stockholm, Sweden € 2 020
Bern, Switzerland € 2 232
Copenhagen, Denmark € 2 424
Valletta, Malta € 2 575
Amsterdam, Netherlands € 2 630
Paris, France € 2 808
Luxembourg € 2 984
Dublin, Ireland € 2 999
London, UK € 3 804

Renting a housing in the capital is not always the most expensive option. For example, in some countries prices are higher in tourist centers. Renting an apartment in Cyprus Limassol will cost almost €400 a month more than in the capital Nicosia. In Zurich and Geneva, the average cost of rental apartments with three bedrooms – from € 3,200, and in the capital of Bern € 1,000 lower.

The most expensive real estate in Europe is in Monaco. The average cost of rent in the major cities of the state in three or four times higher than in London. Apartments in Monte Carlo on average cost € 11,500 per month, in the capital of Monaco-Ville – € 15,250.

Moscow would take a position in the middle of the table: the average cost of renting a four-room apartment in the city center is ₽140,500 , or about €1,500 per month. Apartments in the center of St. Petersburg would cost half as much – ₽75,700, or about €820 per month.

€1500 per month

Average cost to rent an apartment in Moscow

In 2020, real estate prices rose despite the pandemic. Slovakia, Germany, Estonia and Sweden showed the greatest price increases among the EU states – an average of 10-15%. Real estate in Austria, Portugal, Britain and Malta rose in price by 5-9% compared to prices in 2019. In Greece, apartment prices rose by 1-6% by the third quarter of 2020.

Residence permit in Portugal by investment: example of apartments to buy

Apartment with three bedrooms in the penthouse of a residential complex in the center of Lisbon, Portugal. Purchase price €1.3 million. Rental income - 4% per annum

Residence permit in Greece by investment: example of apartments to buy

Apartment with smart home system in Athens, Greece. The price at the time of purchase is €160,000. Rental income - 5% per annum

Permanent residence in Cyprus by investment: example of apartments to buy

Modern apartments in the center of Nicosia, Cyprus. The price when buying - from € 317 000. Rental income - 3% per annum

Residence permit in Portugal by investment: example of apartments to buy
Residence permit in Greece by investment: example of apartments to buy
Permanent residence in Cyprus by investment: example of apartments to buy

Immigrant Invest helps you find properties to relocate and participate in European citizenship and residency programs by investment. If you want to rent or buy a housing in Europe and get the status of citizen or resident, seek advice from the experts of investment programs.

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