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Rent prices in Europe continue to soar

The HousingAnywhere International Rent Index report for Q4 2022 shows an unabated upward trend of rental prices across all property types (apartments, private rooms and studios). An average 14.3% y-o-y increase (13.1% for private rooms, 18.3% for studios and 11.4% for apartments) indicates that the imbalance between supply and demand has once again worsened this past year, while inflation in the EU has reached yet another record-breaking 9.3%.

“The housing stock has not caught up with a world that increasingly turns mobile,” says Djordy Seelmann, CEO of HousingAnywhere. “Rent prices are rising at a faster rate than inflation. Students and young professionals are putting their dreams on hold, as there is no accommodation available in the cities they wish to study in. While all this may sound pessimistic, it does not have to be. Once governments and municipalities get to acknowledge the roles ‘Accessibility’ and ‘Accountability’ can play, we will be a major step closer to enabling people to live how they want and where they want.”

Amsterdam had the highest absolute prices in Q4 2022 for each property type, with an average of €900 for single rooms, €1,950 for studios and €2,300 for apartments.

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