The most significant price increase in 2019 was recorded in Vienna. Following a rise of 6.1%, a private room now costs an average of € 480 per month. If you'd rather rent a studio, expect to pay on average € 804 per month while a single bedroom apartment costs € 971. Barcelona's rental market is also suffering from a 9.6% rise in apartment prices. A single-bedroom apartment now costs around € 1,249 per month compared to € 896 for a studio and € 509 for a private room.
Madrid follows closely with an 8.5% rise in the price of private rooms (543 € per month) and 10.3% in the price of a studio (837 € per month). The average price of an apartment is currently € 1,127, up 5%. A notable increase in prices has also been recorded in Berlin and Brussels, where you will pay € 1,142 and € 963 respectively for an apartment.
As mentioned above, London remains the most expensive city in Europe in terms of rent, be it rooms, studios or apartments. In spite of a slight improvement in the last quarter of 2019, a single-bedroom London apartment still costs € 1,747 on average. In Amsterdam and Munich, there was an increase of 0.5% and 1.2% respectively in the price of private rooms.
On the other hand, Helsinki's rental market seems to have relatively stabilised at the end of 2019 - a single-bedroom apartment currently costs on average € 1,398 and a studio € 920 per month. However, there was a slight increase in the price of the rooms - € 669 on average per month. The same applies to Utrecht, in the Netherlands, where, apparently, there is a higher demand for rooms than apartments and studio. This is perhaps due to its student population. To rent a private room in Utrecht, count, on average, € 648 per month.
However, measures have been taken at the government level to alleviate the housing shortage in these cities, even though expected results haven't turned out yet.
