【World Property Journal】European Room Rents at Lowest Levels Since 2015

According to HousingAnywhere's International Rent Index report for Q2 2021 shows an overall price drop for single rooms, bringing the average rental prices to their lowest point since 2015. The sharpest price falls were observed in Helsinki, where prices for single rooms have dropped by 11.8% to EUR 590, Rome, where prices have dropped by 10.4% to EUR 506, and Madrid, where prices have dropped by 10% to EUR 462.

At the same time, rental prices for apartments are rising fast throughout Europe. Rotterdam prices broke a trend of two years, showing a quarterly increase of 3.9% to EUR 1,344. Berlin saw a reversal of the controversial rent cap (Mietendeckel), which was ruled unlawful by the German constitutional court. A price correction can be seen in the German capital, with an increase of 10.6% to EUR 1,240. While in Q1 Madrid already showed a gradual positive price trend, this quarter sees an acceleration with a 5.3% increase to a monthly average of EUR 1,178.

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