Сountries With the Largest Gap in Rent and Mortgage Payments
February 22, 2022
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It is cheaper to buy a house than to rent it only in two countries.
The Study. According comparethemarket.com, where you can compare prices for renting and buying real estate, there are only two countries among the 39 analyzed where it is more profitable to make a monthly mortgage payment than to rent a house or apartment - Finland and Italy. The website has used OSCE data and compiled a rating of the most expensive countries in the world to rent or buy housing, and also named the states where the gap in payments is the largest.
The most expensive countries. The three most expensive countries are:
Luxembourg
Switzerland
Iceland
You will need an average of €2,640, and the mortgage payment will result in €4,000 per month to rent a 3-bedroom property in Luxembourg. It is not surprising that many people prefer to work here and live in nearby countries like France, Germany, and Belgium.
In Switzerland, renting a 3-bedroom apartment will cost an average of €2,874 per month, and the mortgage payment is €2,606. In Iceland, similar values are €1,791 and €2,297, respectively. At the same time, Switzerland provides a high standard of living, and Iceland provides an excellent health and education system, relatively low taxes, and a clean environment thanks to an almost complete transition to renewable energy sources.
Rent and purchase. The three countries with the most significant gap between the mortgage payment and monthly rent included:
Luxembourg – 51.1%
Latvia – 42.5%
Slovakia – 42.3%
In Latvia, a monthly rent of a three-bedroom apartment will cost an average of €512, and the mortgage payment will be €730. In Slovakia, the rent of similar housing will "pull" by €678, and the mortgage payment - €880 per month.
Portugal (41.2%), Hungary (40.9%), Russia (40.1%), Czech Republic (40%), New Zealand (34.9%), Germany (33.5%), Canada (32.6%) also entered the top-10.
According to the analysis, only in two countries of the world rent is more expensive than mortgage payments. In Finland, the gap is 2.1%: renting a three-bedroom apartment will cost €1,130, and the monthly mortgage payment will cost €1,110. In Italy, the gap is even smaller: rented housing will cost €885, and the mortgage payment - €877.
Check out prices for renting in Europe right now:
1 100 € per month
Apartment in Alanya, Turkey
58 sq.m211
In the beautiful Orion City complex, just 450 meters from its own beach, a 1 +1 apartment with furniture, household appliances and everything necessary for a bright holiday is for rent.
Description of the complex:
PRIVATE beach
Large swimming pool
Indoor heated swimming pool
Tennis court, volleyball, basketball court
Football...
Ataberk estate
150 € per day
Villa in Fethiye, Turkey
135 sq.m432
This beautiful luxury 3-bedroom villa, which can comfortably accommodate 6 guests, is located in a complex with a large communal pool in the village of Ovadzhik.
Located within walking distance of Hisaronu village, where you will find many lively bars, cafes, restaurants and shops.
Near the new Thema water park and Water World Water Park....
ANGA REAL ESTATE
Price on request
Apartment in Antibes, France
120 sq.m32
Rent apartments on the first line by the sea and beaches in Antibes. An apartment of 120 sq.m with three bedrooms on the last 5th floor, with a terrace and panoramic sea views. A spacious living room with access to a terrace with a dining area and an equipped open-plan kitchen, a guest toilet in the hallway. The master bedroom has a balcony and...
SERVICEAZUR
2 500 € per week
Apartment in Cannes, France
90 sq.m33
The cozy apartments are located just a few minutes' walk from the Palais des Festivals. A living room with an open kitchen, three bedrooms with their own bathrooms. The apartment has air conditioning, double sound insulation, high ceilings. The interior is made of high-quality materials.
SERVICEAZUR
8 500 € per week
Villa in Nice, France
230 sq.m44
A wonderful rental option for a family holiday on a hill above Villefranche and Nice, 5 minutes by car from the sea and Villefranche beach, as well as a short drive to Nice and Monaco! Modern two-storey villa with an area of 230 sq.m., with spectacular panoramic views of the sea and the coast. Convenient location of the bedrooms: two side by...
SERVICEAZUR
Price on request
Villa in Saint-Tropez, France
600 sq.m65
Located in a small private domain, a 7-minute walk from the center of Saint Tropez, next to the beaches of Pampelonne, Tahiti and Canubier Bay, this luxury villa, with an area of 600 sq.m., offers a unique view of the Mediterranean Sea and modern comfort. -
Main floor: a living room of 1000 m2 with a fireplace, opening onto a large heated...
SERVICEAZUR
7 800 € per week
Villa in Saint-Tropez, France
55
Spacious modern villa with a well-maintained green area and a large swimming pool. Located in a quiet gated domain 15 minutes from the beach. A great option for a large family holiday, the villa has 5 bedrooms, each with its own bathroom, as well as a spacious living room and an equipped kitchen. A large area with green lawns and a salt pool is...
SERVICEAZUR
10 500 € per month
Villa in Konakli, Turkey
700 sq.m544
Luxury villa for RENT, in a five-star complex, with extensive infrastructure!
Bravo Invest
1 000 € per month
Flat in Alanya, Turkey
70 sq.m21
The apartment is located on the 9th floor, oriented to the southeast. The balcony offers a magnificent view of the beauty of the city, the mountains and the sea. The apartment has all the furniture and appliances, as well as the necessary household items. The 1+1 layout consists of a living room combined with an open plan kitchen, one bedroom, a...
Ataberk estate
1 500 € per month
Villa in Alanya, Turkey
200 sq.m432
Online ViewingRemote Transaction
RENT A VILLA FROM THE SEA 400 METERS
KONAKLI DISTRICT OF ALANYA
VILLA 3+1 WITH FURNITURE
CAR PARK, SWIMMING POOL, GARDEN,
CAMELLIA
FROM THE SEA TO THE BEACH 400 MT
150 MT FROM THE CENTER OF KONAKLY
RENT IS FOR A LONG TERM AND FOR A MONTH
A RESIDENCE PERMIT IS BEING ISSUED . KONAKLY IS AN OPEN AREA FOR A RESIDENCE PERMIT
For...
In the heart of Alanya, in a luxury complex, beautiful apartments are offered for rent. The residential complex is located a few steps from the world-famous Cleopatra beach and everything that Alanya has to offer: historical sights, restaurants, cafes, bars, shops and much more.
The apartment consists of a living room combined with an American...
Alanya Brand Group
430 € per day
Villa in Kalkan, Turkey
250 sq.m55
Online ViewingRemote Transaction
The minimum cost per year for 7 nights is 3000 Euros (winter). The maximum cost per year for 7 nights is 7330 Euros (summer).
Villa rental with an indoor pool. Our luxurious villa for rent in Kalkan offers a panoramic view of the sea and nature and is located just a 5-minute drive from the center of Kalkan. The cottage is situated in a quiet...
Turkvillarent
190 € per day
Apartment on mountain Pelion, Greece
55 sq.m211
Remote Transaction
For rent an apartment of 55 m² .
It consists of 1 bedroom, living room with open plan fully equipped kitchen and 1 bathroom.
Also, there is: heating, fireplace, A/C unit, outdoor jacuzzi, internet, 1 parking place.
It can accommodate up to 3 people.
Cost per night from 190 €.
El Greko
485 € per day
Villa in Kemer, Turkey
250 sq.m53
Online ViewingRemote Transaction
The minimum cost per year for 7 nights is 3395 Euros (winter). The maximum cost per year for 7 nights is 4150 Euros (summer).
This spacious villa is located in central Kemer, just 300 meters away from the sea and within walking distance to all the amenities of the resort town.
The villa has its own private pool.
Inside the house, there are...
Turkvillarent
500 € per month
Flat in Alanya, Turkey
55 sq.m211
Apartment layout 1 + 1 for rent for a long time with designer renovation in the Oba area.The apartment is fully furnished and equipped with household appliances.
All rooms have air conditioning.
The area of the apartment is 55 sq.m. Located 2 km from the sea.
For rent for a period of 6 months.The complex in which the apartment is located...
ART ALANYA Real Estate
1 100 € per month
House in Jurmala, Latvia
150 sq.m433
House in an exclusive location in Jurmala, Dubulti, in the dune area. Quiet, peaceful surroundings, fresh sea air! Cafes and restaurants, water park, tennis clubs, SPA complexes, yacht club are nearby. + 100 m from the sea coast. The house has 3 bedrooms, a sea view, and a terrace. The house has a kitchen with appliances. The territory is...
Habita International Estates Ltd
2 990 € per month
Flat in Jurmala, Latvia
125 sq.m32
A new apartment is offered for rent for the summer in the dune zone - in Yaundubulti!The apartment consists of a spacious hall with large built-in wardrobes, a spacious living room combined with a kitchen, as well as access to a terrace overlooking the dune area and the sea, two isolated bedrooms, two bathrooms. There is a bathtub in one...
VIP Real
5 415 € per month
Flat in Vienna, Austria
153 sq.m4
The wonderful spacious 4-room apartment with high-quality interior is located on the 1st floor of a beautiful old building and offers a cozy living atmosphere on 153 m².
General information:
- Living space 153 m2,
- 4-room apartment, 1 bathroom, 1 guest WC
Heating: Gas heating,
Flooring: parquet, marble, tiles
Equipment:
- fully...
Immotrading GmbH
2 773 € per month
Loft in Antalya, Turkey
180 sq.m532
Online ViewingRemote Transaction
Loft apartment in one of the most prestigious complexes of Antalya Casaba!!!
Fully furnished (luxury furniture). Proximity to the sea - Konyaalti beaches
The area is open for residence permits
Please contact us by phone to make an appointment for a screening and more detailed information
Icon Invest
55 € per day
Flat in Alanya, Turkey
130 sq.m432
Online Viewing
We invite you to enjoy the comfort and beauty of vacation accommodation near the sea in Mahmutlar!
We present to your attention a spacious apartment in the resort area of Mahmutlar, just a few minutes walk from the Mediterranean Sea. This is an ideal place for those who appreciate comfort and coziness combined with proximity to nature....
