MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Dublin remains in top five most expensive European cities to rent in
Uncategorized
Apr 2, 2020 - 16:43

Dublin remains in top five most expensive European cities to rent in

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Dublin remains in top five most expensive European cities to rent in

Dublin continues to be in the top five most expensive cities to rent in Europe, according to the latest Accommodation Ranking report by ECA International.

With rental costs up €207 on average per month from last year, it is one of the steepest rental rises in the ranking (6%), making it more expensive than other major European capital cities.

Rent in the capital is now on average €3,613 per month, making it more expensive than many other major European capitals, such as Paris at €3,461, Berlin at €2,354, and Madrid at €2,393, the report states.

Alec Smith, Accommodation Services Manager at ECA International, said: "Dublin has once again seen one of the steepest year-on-year increases of rents in Europe, at just over 6%.

"The increase is partly due to the continuing increase of international companies relocating staff to the city, elevating the demand for expatriate-standard housing."

Advertisement

ECA's annual rental accommodation report analyses the rental prices for a mid-market, three-bedroom home in areas commonly inhabited by expatriates.

London continues to hold the top spot for the most expensive rental accommodation in Europe for expatriates, with an increase of £121 per month. The average cost of a three-bedroom, mid-range home for expatriates is now £5,308 per month (€5,963).

A growing population and an increase in Airbnb rental properties has caused rental accommodation prices to continue to rise in Edinburgh, according to the report. The average cost of a three-bedroom, mid-range home in the Scottish capital has risen by £106 per month, up to £1,635 (€1,836)), the highest in over five years.

Cyprus saw the biggest rise in expatriate rental costs in Europe, with Limassol's rent up €128 per month (€1,058) and Nicosia up €120 a month (€1,079).

Many German cities also saw big jumps in the average rent, with Munich, Berlin and Stuttgart all seeing increases of over 6% from last year.

Advertisement

The report says the US has become considerably more expensive for expats with nearly all US cities in the rankings having risen, some considerably.

The US now has three cities in the global top ten, these being New York, San Francisco and Miami, as the strength of the US economy endures, with the dollar gaining against most major world currencies.

Hong Kong has been named the most expensive location in the world for expat accommodation, for the third year in a row, with the average monthly rent standing at (US) $11,318, (€10,282) an increase of over 3%.

Top 10 most expensive cities to rent in Europe:

London

Zurich

Moscow

Geneva

Dublin

Paris

Kiev

Copenhagen

Luxembourg City

Amsterdam

Top 10 most expensive cities to rent in the world:

Hong Kong

New York

Tokyo

London

San Francisco

Port Moresby

Shanghai

Miami

Buenos Aires

Yokohama

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Accommodation Ranking report
  • Dublin
  • ECA International
  • renting
MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement