Сountries With the Largest Gap in Rent and Mortgage Payments
February 22, 2022
70
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:
7 800 € per week
Villa in Mougins, France
250 sq.m64
Provencal style villa in a gated community, near the towns of Grasse and Mouans-Sartoux. Just 5 minutes by car to the expressway, 15-20 minutes by car to Cannes. Large flat garden, swimming pool, covered terrace next to the pool. A tennis court and a petanque court. The house has 6 bedrooms, 4 bathrooms, a spacious living/dining room, a fully...
SERVICEAZUR
5 700 € per week
Villa in Antibes, France
210 sq.m55
Located in close proximity to La Garoupe beach, the 210 sq.m villa with modern design and furnishings and a well-maintained green plot is a great place for a summer family vacation! The villa was renovated in 2010, the villa is equipped with new comfortable furniture and household appliances. The main advantages are impeccable condition and...
SERVICEAZUR
Price on request
Villa in Grasse, France
1000 sq.m99
Rent a unique estate of the XIX century on the heights of Grasse. a 4-storey estate in the style of the Second Empire (Napoleon III), with an area of about 1,000 sq.m. located on an area of 3 hectares planted with olive trees and palm trees, and includes spacious halls with high ceilings, decorated with gold, crystal and marble, wide stairs, a...
SERVICEAZUR
6 500 € per week
Villa in Villeneuve-Loubet, France
150 sq.m43
The Provencal style villa on the first line, with an area of 150 sq.m., is located in Villeneuve-Loubet, a 5-minute walk along the beach to the Marina Baie des Anges residence. The villa consists of 4 bedrooms and 3 bathrooms (three bedrooms are located on the ground floor with two bathrooms and the fourth is the main one on the second floor...
SERVICEAZUR
1 500 € per month
Flat in Jurmala, Latvia
78 sq.m21
Apartment for rent in the new project "Admirāu osta" on the banks of the river in Bulduri, Jurmala.The apartment consists of a hall, a bedroom, a living room combined with a kitchen and a bathroom. Their living room has access to a terrace overlooking the Lielupe River.The apartment is equipped with high-quality finishes, fully equipped, has all...
VIP Real
230 € per day
Villa in Fethiye, Turkey
150 sq.m764
6 bedroom villa (vılla mango) for rent in Fethiye, in the area of Chalish. it has a private swimming pool and a private garden with fruit trees. The villa with high comfort is located only 900 meters from the sea and the lively center of Chalysh
Description3-storey villa
Private pool and private garden
6 bedrooms (2 of them with their own...
Lebrentals
1 200 € per month
Flat in Alanya, Turkey
45 sq.m211
Cozy 1 + 1 apartment in a pine forest 800 meters from the Mediterranean Sea and the beautiful Incekum beach. Clean sand and a convenient, gently sloping entrance to the water allow you to comfortably rest with children. The composition of the air in this area is considered one of the most beneficial due to the presence of a coniferous forest....
Alanya Brand Group
580 € per day
Villa in Kemer, Turkey
250 sq.m45
Online ViewingRemote Transaction
The minimum cost for a 1-month stay throughout the year is 6000 Euros (winter). The maximum cost for a 1-month stay throughout the year is 19000 Euros (summer).
This new villa is located in the resort village of Chamyuva, and it's only a 5-minute walk to the sea. Within walking distance, you'll find plenty of shops, restaurants, and...
Turkvillarent
3 000 € per month
Flat in Alanya, Turkey
105 sq.m322
Online Viewing
In a luxurious complex with rich infrastructure on the first coastline, apartments with 2 bedrooms are offered for short-term rental. The rental period is from 2 weeks to 2 months. The deposit, final cleaning and utilities are paid separately. In our complex: Private beach with cafe Large swimming pool with relaxation area and water park Modern...
Villa Antalya
750 € per month
Flat in Alanya, Turkey
50 sq.m211
Cryptocurrency payment
We recommend it – a rare offer! Compact two-storey apartment in an ultra-luxury complex on the first coastline!
Prestigious residential complex, combines modern quality standards and elegant design, with a very convenient location. The residence consists of 2 blocks, the infrastructure offers ample opportunities for recreation. The territory...
Ataberk estate
3 900 € per month
Flat in Ljubljana, Slovenia
171 sq.m432
For rent a luxury apartment with custom-made new furnishings. The apartment features 3 bedrooms, 2 bathrooms, a terrace measuring 9.30 m2, 2 parking spaces, and a storage room of 9.30 m2. Additionally, the building offers a reception area.
The apartment is located in a prestigious neighborhood known for its peaceful and pleasant surroundings....
Stoja Real Estate Agency
1 700 € per month
House in Jurmala, Latvia
160 sq.m63
A new townhouse in Dubulti, just 100 meters from the sea, is offered for long-term rental.The area of the house is 160m2, it is located on a cozy plot of land with an area of 500m2, which is surrounded by tall thuja trees.On the ground floor of the house there are: a hall with large wardrobes for outerwear, a spacious living room with access to...
VIP Real
800 € per month
Apartment in Antalya, Turkey
55 sq.m211
Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of “Trabzon Invest” are represented in St. Ambula, And Nkara and Zmira.
We work in 34 provinces of Turkey.
Our...
TRABZON INVEST
900 € per month
Villa in Antalya, Turkey
200 sq.m433
Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of “Trabzon Invest” are represented in St. Ambula, And Nkara and Zmira.
We operate in 34 provinces of Turkey....
TRABZON INVEST
390 € per month
Flat in Alanya, Turkey
60 sq.m
One–bedroom apartment with a spacious balcony in the center of Alanya - buy in Mayalanya
Mayalanya Group
600 € per month
Apartment in Beylikduzu, Turkey
50 sq.m111
Our company has a long 10-year history and thousands of satisfied customers. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of Trabzon Invest are represented in Istanbul, Ankara and Izmir.
We operate in 34 provinces of Turkey.
Our company has a certificate of permission for...
TRABZON INVEST
2 950 € per month
Flat in Ljubljana, Slovenia
135 sq.m322
In the very center of Ljubljana, a 5-minute walk from Prešern Square, we are offering a beautiful 3-room apartment for rent. The apartment is located in a multi-apartment villa, Villa Urbani, which is known for the comfort it offers to its residents. Residents of Villa Urbana have a reception available 24 hours a day, which ensures...
Stoja Real Estate Agency
3 000 € per month
House in Jurmala, Latvia
195 sq.m43
A house is offered for rent in Jurmala, Melluzhi district. The house is located on a sunny and cozy plot
of 789m2.The house on the ground floor has an entrance hall, a living room with a dining area, a kitchen, a bedroom with its own bathroom.a node. and an additional guest bathroom. On the second floor there are two more spacious bedrooms and a...
VIP Real
380 € per month
Flat in Trabzon, Turkey
120 sq.m321
Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of “Trabzon Invest” are represented in St. Ambula, And Nkara and Zmira.We operate in 34 provinces of Turkey.Our...
TRABZON INVEST
1 376 € per month
Flat in Antalya, Turkey
60 sq.m211
Online ViewingRemote Transaction
New luxury apartment for rent for a long time on the first coastline. Gyursu Konyaalti district.
smart home system, gas heating, glazed equipped balcony.