International rental platform Spotahome found out in which European capitals rental rates have increased most noticeably over the past 12 months, rental rates have increased most noticeably, as Property Wire reports.
Top-6 European capitals by rental rate growth | |
---|---|
Valletta, Malta | +11.1% |
Vilnius, Lithuania | +10% |
Warsaw, Poland | +9.2% |
Copenhagen, Denmark | +8.7% |
Stockholm, Sweden | +7.4% |
Athens, Greece | +6.9% |
A decrease in the cost of renting housing was recorded in Budapest (-2.8%) and Prague (-2.1%).
According to the Spotahome Regional Manager in the UK and Ireland Nadia Butt, the reduction in the cost in some European metropolises is good news for those international tenants, who already live there, regardless of the size of the decline. For those who are planning to move, the current quiet spot provides a great opportunity to get a rental home at a lower price. It can help to save on moving to a major city when the time comes.
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