One month of London rent could last four in these European capitals

A view of the Shard, the Thames and London cityscape, taken from the Cheesegrater

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.”

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