A Rise in home rental prices in most European cities during 2019

According to new research through housing platform HousingAnywhere, it shows an upward trend for condo expenses in Q4 as compared to the 12 months before for all the main European student destinations.

What the European rent index is showing

The HousingAnywhere European Rent Index shows rental information from provided non-public rooms, studios and one-bedroom apartments in Barcelona, Berlin, Brussels, Madrid, Milan, Rotterdam, and Vienna. The increase in rental prices follows a growing shortage of available condominium homes, growing opposition amongst international college students and younger specialists to locate right housing, and more top-class apartments being presented at better costs.

Can expect an increase between 6% and 7%

It was most extraordinary for one-bedroom rental residences have been the cities of Madrid, with a yearly increase of about 6.27 %, Barcelona with an 8.7% growth, and Vienna coming with the lowest increase of about 0.68%. Madrid and Barcelona currently nonetheless rank among the towns with the lowest normal condo expenses and the lowest increase.

Lack of affordable housing

Djordy Seelmann, CEO at HousingAnywhere comments that Rental call for is presently outstripping deliver in lots of famous towns for internationals. The increasing quantity of international college students and younger experts, are regularly looking for comparable accommodation and has resulted in a lack of less expensive housing for those agencies. These times call for better coordination between supply and demand, so internationals can get better housing that they can afford, and landlords can get the maximum to go back from their assets. To make all stakeholders aware of those tendencies, we've got determined to release the HousingAnywhere European Rent Report on a quarterly basis.

Although some of the shortfalls in delivery can be met by new housing provided by means of assets builders within the coming years, it is very probable shortages will remain in those destinations which might be particularly popular. Given that the rents are probable to maintain growing, greater supply is needed to save you charge bubbles that make it not possible for college students and young professionals to find appropriate housing abroad within the crucial regions of cities and within the location of universities.