New research has revealed that the cost of a one bedroom apartment in London currently commands an average of £1,776 per month, an all-time high. This is by far the highest cost of renting in all 28 cities analyzed by rental platform Rentd.
Paris is nearly as expensive at £1,589 per month, while the average monthly rent also exceeds £1,000 in Dublin, Amsterdam, Copenhagen and Stockholm.
The greatest level of rental market affordability can be found in Bulgaria’s capital Sofia (£359), Budapest (£373), Riga (£380) in Latvia and the Romanian capital of Bucharest (£393).
At an average rental cost of less than £400 per month, these cities are around 80 per cent per month more affordable than the UK’s capital; you could rent for between four and five months for the cost of a single month’s rent in London.
The greatest level of rental market affordability can be found in Bulgaria’s capital Sofia…
For something a little more mainstream, the Croatian capital of Zagreb is home to an average monthly rental cost of £428, with Athens (£433) and the Cypriot capital of Nicosia (£492) also coming in at under £500 per month.
Again, not only are they 72-76 per cent more affordable, but you could rent for between three and a half to four months for the cost of a single month’s rent in London.
Founder and CEO of Rentd, Ahmed Gamal, said: “When it comes to bricks and mortar, London is arguably the most desirable city in Europe, if not the world, regardless of whether you’re looking to buy or rent. Of course, the down side to this unsurpassable level of property prestige is that high demand for rental homes has pushed the cost of renting within the capital far beyond that of any other European capital.”
The British Museum is bringing two thousand years of Korean art to London in a major exhibition supported by Samsung Electronics, and drawn from the celebrated Lee Kun-Hee Collection. The consumer electronics giant, along with the British Museum, hosted a gala yesterday to mark the opening of Korea, a major presentation of works from the…
Ever wished you could go back to 1986 and see Freddie Mercury command a stadium in his absolute prime? London is about to offer the next best thing. On Saturday 3 October, Camden’s Roundhouse will transform into a giant Queen gig for Queen Budapest: The Concert Film Experience, an immersive screening of the band’s legendary…
A listening room in Denmark Street, a new Mayfair restaurant, a music hotel on the way and a new rock & roll photography exhibition There’s always something happening in London, and The Luxe Review has the inside track on all the new bars, restaurants, hotels, and divine distractions that make spending time in the capital…
New research has revealed that the cost of a one bedroom apartment in London currently commands an average of £1,776 per month, an all-time high. This is by far the highest cost of renting in all 28 cities analyzed by rental platform Rentd.
Paris is nearly as expensive at £1,589 per month, while the average monthly rent also exceeds £1,000 in Dublin, Amsterdam, Copenhagen and Stockholm.
The greatest level of rental market affordability can be found in Bulgaria’s capital Sofia (£359), Budapest (£373), Riga (£380) in Latvia and the Romanian capital of Bucharest (£393).
At an average rental cost of less than £400 per month, these cities are around 80 per cent per month more affordable than the UK’s capital; you could rent for between four and five months for the cost of a single month’s rent in London.
For something a little more mainstream, the Croatian capital of Zagreb is home to an average monthly rental cost of £428, with Athens (£433) and the Cypriot capital of Nicosia (£492) also coming in at under £500 per month.
Again, not only are they 72-76 per cent more affordable, but you could rent for between three and a half to four months for the cost of a single month’s rent in London.
Founder and CEO of Rentd, Ahmed Gamal, said: “When it comes to bricks and mortar, London is arguably the most desirable city in Europe, if not the world, regardless of whether you’re looking to buy or rent. Of course, the down side to this unsurpassable level of property prestige is that high demand for rental homes has pushed the cost of renting within the capital far beyond that of any other European capital.”
British Museum brings 2,000 years of Korean art to London with Samsung-backed Korea exhibition
The British Museum is bringing two thousand years of Korean art to London in a major exhibition supported by Samsung Electronics, and drawn from the celebrated Lee Kun-Hee Collection. The consumer electronics giant, along with the British Museum, hosted a gala yesterday to mark the opening of Korea, a major presentation of works from the…
The Roundhouse is turning into a giant Queen gig – and it’s the closest you’ll get to seeing Freddie Mercury live
Ever wished you could go back to 1986 and see Freddie Mercury command a stadium in his absolute prime? London is about to offer the next best thing. On Saturday 3 October, Camden’s Roundhouse will transform into a giant Queen gig for Queen Budapest: The Concert Film Experience, an immersive screening of the band’s legendary…
London lifestyle guide: Eats, Beats and Treats around the capital you won’t want to miss
A listening room in Denmark Street, a new Mayfair restaurant, a music hotel on the way and a new rock & roll photography exhibition There’s always something happening in London, and The Luxe Review has the inside track on all the new bars, restaurants, hotels, and divine distractions that make spending time in the capital…
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