欧洲住宅房地产行业市场前景及投资研究报告-外文版培训课件万达万科恒大碧桂园

INDUSTRIES

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MARKETSResidentialrealestateinEuropeCHAPTER

01OverviewHomeownershiprateinselectedEuropeancountriesin2022,bycountryHomeownershiprateinEurope2022,bycountryHomeownershiprate0%10%20%30%40%50%60%70%80%90%100%110%Serbia***RomaniaSlovakia95.9%94.8%93%91.1%CroatiaMontenegroHungary91%90.1%LithuaniaPolandNorthMacedonia**Bulgaria88.6%87.2%85.8%85%83.1%LatviaMaltaEstonia82.6%82%3Description:InthepresentedEuropeancountries,thehomeownershiprateextendedfrom42percentinSwitzerlandtoasmuchas96percentinSerbia.MoredevelopedEuropeancountries,suchasFranceorGermany,tendedtohavealowerhomeownershipratecomparedtothefrontiercountries,suchasLithuaniaorSlovakia.Theshareofhouseownersamongthepopulationofall28Europeancountrieshasremainedrelativelystableoverthepastfewyears.

ReadmoreNote(s):Europe;2022;*2018dataꢀ**2020data***2021data

Thesourceaddsthefollowinginformation:"Thecollection"Livingconditions"hostsindicatorsrelatingtocharacteristicsandlivingconditionsofhouseholds,characteristicsofthe[...]

ReadmoreSource(s):EurostatShareofthepopulationinEuropeancountrieswhoareowner-occupantsin2022,withorwithoutamortgageHomeownerswithandwithoutanoutstandingmortgageinEurope2022,bycountryShareoftotalpopulationWithmortgageorloan

Nooutstandingmortgageorhousingloan20%

30%0%10%40%50%93.7%60%70%80%90%100%Romania

.2%Slovakia24.9%68.1%CroatiaMontenegro*

1.8%Hungary6.7%84.5%88.3%17.9%16%72.2%72.6%74.3%LithuaniaPoland12.9%Serbia*

8%NorthMacedonia*

6%Bulgaria

2.4%Latvia85.2%85.2%82.6%12.6%70.5%Malta23.4%59.2%4Description:ThemortgageprevalenceamonghomeownersinEuropevariedwidelyacrossdifferentcountriesin2022.About79percentofthetotalpopulationinNorwaywasahomeowner,andover61percenthadamortgageloan.Conversely,onlyonepercentofhouseholdsinRomaniahadamortgage,withnearly95percentbeinghomeowners.Meanwhile,anaverageof25percentofthetotalpopulationwithintheEU-27wasanowner-occupantwithamortgageorhousingloan.ꢀHomeownership[...]

ReadmoreNote(s):Europe;2022;*2021data**2020data***2018dataReadmoreSource(s):EurostatTotalnumberofdwellingsinEuropein2022,bycountry(per1,000citizens)Totalnumberofdwellingsper1,000citizensinEurope2022,bycountrynumberofdwellingsper1,000citizens300

4000100200500600700BulgariaPortugalFranceSpainEstonia624585552549548GermanyBelgiumNorwayCzechia515487486483HungaryDenmarkNetherlandsAustria4674634524415Description:ThetotalnumberofdwellingsperonethousandcitizensinEuropeancountriesin2022wasthehighestinBulgariaandthelowestinGreece.Therewereapproximately624dwellingsforeveryonethousandcitizensinBulgariaandinGreece,thisfigureamountedto285.Germanyhadthelargesttotalhousingstockof43.4milliondwellingsinthesameyear,ofwhichtherewere515peronethousandcitizens.ReadmoreNote(s):Europe;2022Source(s):EuromonitorValueofhousingpercapitaasnon-financialassetsofhouseholdsinselectedEuropeancountriesin2022(inU.S.dollars)Non-financialhouseholdassets:housingvaluepercapitaEurope2022,countryDwellingsofhouseholdspercapitainU.S.dollars010,00020,00030,00040,00050,00060,00070,00080,00090,000100,000FranceGermanyNorway*Austria91,003.5589,630.1883,803.6280,660.82FinlandFinlandBelgiumItaly76,081.7176,081.7175,020.8773,066.0471,289.9968,077.2465,735.34LuxembourgNetherlandsDenmarkPortugal*Spain55,543.8546,554.176Description:ThevalueofhousingpercapitaacrossselectEuropeancountriesrangedbetween34,000U.S.dollarsand91,000U.S.dollarsin2021.Francerecordedthehighestvalueofdwellingspercapitaamongallcountries,reachingapproximately91,000U.S.dollars.GermanyandNorwaycompletedthetopthreewith90,000U.S.dollarspercapitaand84,000U.S.dollarspercapita.ReadmoreNote(s):Europe;2020;*2020valueReadmoreSource(s):OECDGrossresidentialmortgagelendinginselectedEuropeancountriesfrom1stquarter2019to2ndquarter2023(inbillioneuros)GrossquarterlyresidentialmortgagelendinginEurope2019-2023,bycountryUnitedKingdomSpainHungaryGermanyBelgiumRomaniaNetherlandsFinlandFranceItalyCzechiaPolandSwedenPortugalDenmarkIreland120100806040200Q12019

Q22019

Q32019

Q42019

Q12020

Q22020

Q32020

Q42020

Q12021

Q22021

Q32021

Q42021

Q12022

Q22022

Q32022

Q42022

Q12023

Q220237Description:ThegrossresidentialmortgagelendingdecreasedacrossmanyEuropeancountriesinthesecondquarterof2023.InGermany,newlendingfellfromabout76billioneurosto48billioneurosbetweenthesecondquarterof2022and2023.Oneofthemainreasonswastheworseningeconomicconditionsandꢀrisinginterestrates.AlongwiththeUnitedKingdomandFrance,Germanyisinthetopthreebiggestmarkets,bothintermsofgrossmortgagelendingandoutstandingmortgagelending.

ReadmoreNote(s):Europe;Q12019toQ22023Source(s):EuropeanMortgageFederationHousepricetoincomeratioinEuropefrom2021to2022,bycountryHousepricetoincomeratioinEurope2021-2022,bycountryHousepricetoincomeratioindex20222021800204060100120140160151.5146.6LuxembourgPortugalCzechiaNetherlandsAustriaGermanyHungarySpainSwitzerlandSlovakia148.2141.5142134.4133.9140.8138.2136132.6133.8128.3123.8124.3122124121.5118116.8120.6119.9UnitedKingdomSlovenia115.11118Description:Luxembourg,Portugal,andAustrialedthehousepricetoincomeindexrankingin2022,withvaluesexceeding134points.Finland,Italy,Bulgaria,andRomaniawereontheothersideofthespectrum,withlessthan100indexpoints.ThehousepricetoincomeratioisanindicatorforthedevelopmentofhousingaffordabilityacrossOECDcountriesandiscalculatedasthenominalhousepricesdividedbynominaldisposableincomeperheadwith2015chosenasabaseyear.Aratiohigherthan[...]

ReadmoreNote(s):Europe;2019to2022Source(s):DepartmentforCommunitiesandLocalGovernment(UK);OECDHousepricetorentratioinEuropein2ndquarter2023,bycountryQuarterlyhousepricetorentratioinEurope2023,bycountryHousepricetorentratioindex050100150200250300350TurkeyLatviaPortugalCzechiaIcelandLuxembourgHungaryGreeceSlovakiaNetherlandsCroatiaBulgariaSpain9Description:Inthesecondquarterof2023,Turkey,Latvia,Portugal,andCzechiahadthehighesthousepricetorentratioinEurope.Thefourcountriesrankedthehighest,withhousepricetorentindicesexceeding160percent.ThehousepricetorentratioisanindicatoroftheaffordabilityofowninghousingoverrentingacrossEuropeancountriesandiscalculatedasthenominalhousepricesdividedbyarentpriceindex.Thehighertheratio,themorethegapbetweenhousepricesandrentalrateshas[...]

ReadmoreNote(s):Europe;Q22023Source(s):DepartmentforCommunitiesandLocalGovernment(UK);OECDCHAPTER

02ConstructionandinvestmentLargestrealestatecompaniesinEuropein2023,bymarketvalue(inbillionU.S.dollars)LeadingrealestatecompaniesinEurope2023,bymarketvalueMarketvalueinbillionU.Sdollars02468101214Segro(UK)Lundbergs(Sweden)12.7811.92CPIPropertyGroup(Luxembourg)Unibail-Rodamco(France)Covivio(France)8.966.955.2211Description:TheUnitedKingdomheadquarteredrealestatecompany,SegrorankedfirstamongthelargestEuropeanrealestatecompanieswithamarketvalueofapproximately12.8billionU.S.dollarsinMay5,2023.LundbergsfromSwedenandCPIPropertyGroupfromLuxembourgcompletedthetopthreewith12billionU.S.dollarsandninebillionU.S.dollars.CoviviorankedhighestamongEuropeanrealestatecompaniesintermsofꢀtotalassets.

ReadmoreNote(s):France,Italy,Luxembourg,Spain,Sweden,UnitedKingdom;May5,2023Source(s):ForbesNumberofconstructionstartsofnewresidentialpropertiesperthousandcitizensinEuropeasof2022,bycountryNumberofinitiatedhousingunitsperthousandcitizensinEurope2022,bycountryNumberofinitiateddwellingsper1,000citizens01234567AustriaLiechtensteinSerbia6.475.815.665.535.44FranceNorwayPoland5.3Ireland5.26LuxemburgCroatia4.984.93BulgariaDenmarkBelgiumCzechia4.74.614.423.9412Description:Austriahadthehighestnumberofnewresidentialpropertieswhoseconstructionstartedin2022perthousandcitizensinEurope.Approximately6.5newresidenceswerebeingconstructedper1,000citizensinAustriain2022.Liechtensteinrankedsecondwith5.8newresidentialpropertiesunderconstructionforeverythousandcitizens,followedbySerbiawith5.7newresidentialconstructionsforeveryonethousandcitizens.ReadmoreNote(s):Europe;2022;*DataavailableforEnglandonlyReadmoreSource(s):DeloitteNumberofcompletedresidentialpropertiesperthousandcitizensinEuropeasof2022,bycountryNumberofcompletedhousingunitsperthousandcitizensinEurope2022,bycountryNumberofcompleteddwellingsper1,000citizens012345678FrancePoland7.096.31DenmarkIrelandLiechtensteinIsrael5.925.835.665.38Norway5.1Estonia4.8BelgiumNetherlandsCzechia4.414.163.753.72SlovakiaGermany3.513Description:FrancehadthehighestnumberofcompletedresidentialpropertiesperthousandcitizensinEuropein2022.Therewereapproximatelysevencompletedresidencesper1,000citizensinFrancein2022.Polandrankedsecondwith6.3completeddwellingsforevery1,000citizens,followedbyDenmarkwith5.9completedresidences.ReadmoreNote(s):Europe;2022Source(s):DeloitteBuildingpermitsindexforresidentialbuildingsinEuropeanUnion(27countries)from2005to2023ResidentialbuildingspermitsindexdevelopmentEU-272005-2023180160.216014012010080150146.7114.610093.190.790.987.486.284.180.279.380.772.570.470.965.564.26040200200520062007200820092010201120122013201420152016201720182019202020212022202314Description:Theindexforresidentialbuildingpermitsinthe27Europeancountrieshasdeclinedmarkedlysince2005.In2023,theindexvalueamountedto72.5indexpoints,downfrom100in2021,thebaselineyear,and160.2indexpointsin2006,whenthemostresidentialbuildingpermitswereissued.Theindexiscalculatedbasedonthesquaremetersofusefulfloorareathatreceivedabuildingpermit.ReadmoreNote(s):EU;2005to2023Source(s):EurostatEuropeanrealestateinvestmentanddevelopmentprospectsinprivatelyrentedresidentialpropertiesbetween2018and2024InvestmentanddevelopmentprospectsinresidentialpropertiesinEurope2018-2024InvestmentDevelopment4.44.34.24.14.03.93.8201820192020202120222023202415Description:Theprospectsofinvestment(4.04)anddevelopment(3.84)intheprivatelyrentedresidentialrealestatemarketinEuropein2024wereprojectedtobetheleastfavorablethattheyhavebeensince2018byindustryexperts.Thesectorswithhighestprospectscoresin2024werenewenergyinfrastructure,healthcare,anddatacenters.ReadmoreNote(s):Europe;2017

to2023;1,089respondents;18yearsandolder;Industryexperts,includinginvestors,fundmanagers,developers,propertycompanies,lenders,brokers,advisersandconsultants*Source(s):PwC;UrbanLandInstituteEuropeanrealestateinvestmentanddevelopmentprospectsinsocialhousingfrom2018to2024InvestmentanddevelopmentprospectsinsocialhousinginEurope2018-2024InvestmentDevelopment4.24.14.03.93.83.73.63.5201820192020202120222023202416Description:Theprospectsofinvestmentanddevelopmentinsocialhousing(councilestate)infrastructureintherealestatemarketinEuropehavefluctuatedalotbetween2018and2024.Forbothinvestment(3.80)anddevelopment(3.70)ofsocialhousinginEuropefor2024,theoutlookaccordingtoindustryexpertslookedsignificantlylessfavorablethanthepreviousyear.Accordingtothesurveyrespondents,thesectorswithbestprospectsontherealestatemarketfor2024werenewenergy[...]

ReadmoreNote(s):Europe;2017

to2023;1,089respondents;18yearsandolder;Industryexperts,includinginvestors,fundmanagers,developers,propertycompanies,lenders,brokers,advisersandconsultants*Source(s):PwC;UrbanLandInstituteEuropeanrealestateinvestmentanddevelopmentprospectsinhousebuildingforsalefrom2018to2024InvestmentanddevelopmentprospectsinhousebuildinginEurope2018-2024InvestmentDevelopment4.14.03.93.83.73.63.53.4201820192020202120222023202417Description:TheprospectsofinvestmentanddevelopmentinthehousebuildingforsalerealestatemarketinEuropefrom2018to2024havegenerallydecreasedaccordingtoindustryexperts.Forbothinvestment(3.48)anddevelopment(3.45)ofhousebuildingsforsaleinEurope,theoutlookfor2024seemedworsethanfor2023.Thesectorswithhighestprospectscoresin2024werenewenergyinfrastructures,healthcare,anddatacenters.

ReadmoreNote(s):Europe;2017

to2023;1,089respondents;18yearsandolder;Industryexperts,includinginvestors,fundmanagers,developers,propertycompanies,lenders,brokers,advisersandconsultants*Source(s):PwC;UrbanLandInstituteEuropeanrealestateinvestmentanddevelopmentprospectsinretirementpropertiesfrom2018to2024InvestmentanddevelopmentprospectsinretirementpropertiesinEurope2018-2024InvestmentDevelopment4.54.44.34.24.14.03.93.8201820192020202120222023202418Description:TheprospectsofinvestmentanddevelopmentinretirementpropertiesintherealestatemarketinEuropehavegenerallyfluctuatedbetween2018and2024.Forbothinvestment(4.13)anddevelopment(4)ofretirementpropertiesinEuropefor2024,theoutlookaccordingtoindustryexpertslookedslightlylessfavorablethanthepreviousyear.Accordingtothesurveyrespondents,thesectorswithbestprospectsontherealestatemarketfor2024werenewenergyinfrastructure,[...]

ReadmoreNote(s):Europe;2017

to2023;1,089respondents;18yearsandolder;Industryexperts,includinginvestors,fundmanagers,developers,propertycompanies,lenders,brokers,advisersandconsultants*Source(s):PwC;UrbanLandInstituteCHAPTER

03HousepricesandfinancingAveragemortgageinterestrateinEuropeinfrom2021to2023,bycountryAveragemortgageinterestrateinEurope2021-2023,bycountryMortgageinterestrateQ420234%Q42022Q420210%1%2%3%5%6%7%8%9%10%PolandHungaryRomaniaCzechia*UnitedKingdomDenmarkPortugalSwedenGreeceFinlandItalyIreland20/statistics/615037/mortgage-interest-rate-europeMortgageinterestratesinEuropesoaredin2022andremainedelevatedin2023.Inmanycountries,thisresultedininterestratesmorethandoubling.InDenmark,theaveragemortgageinterestraterosefrom0.67percentin2021to4.98percentin2023.ReadmoreNote(s):Europe;2021to2023;asofQ4ofeachyearSource(s):EuropeanMortgageFederationEMFhousepriceindexinEurope,bycountryin2ndquarter2023EMFhousepriceindexinEurope2023,bycountryHousepriceindex050100150200250300350Hungary*CzechiaPortugal302.6210.9204.7NetherlandsPoland177.8171166.9162.8IrelandGermanyGreece148.3Romania*Belgium*UnitedKingdomSweden146.3145.3144.1139.1135.2Denmark21Description:Hungary,Czechia,andPortugalwerethecountriesinEuropewherehousepricesincreasedthemostbetween2015and2023.TheEMFhousepriceindexforallthreecountriesmeasuredmorethan200indexpoints,indicatingthathomepricesmorethandoubledsince2015-thebaseyear.Propertypricesaretightlyconnectedwiththesupplyofnewhomes.France,Poland,andDenmarkaresomeofthecountrieswiththemostdwellingscompletedper1,000citizensinEurope.

ReadmoreNote(s):Europe;Q22023Source(s):EuropeanMortgageFederationAveragesalespriceofnewandexistingresidentialpropertyinEuropein2022,percountry(ineurospersquaremeter)AverageresidentialrealestatesquaremeterpricesinEurope2022,bycountryPriceineuropersquaremeterinapartmentinmostimportantcityofeachcountryExistinghousing

Newhousing2,000

3,00001,0004,0005,0006,0005,045Norway*UnitedKingdomAustria4,2043,8983,9803,7373,5723,4894,925NetherlandsFrance4,1164,6392,978IrelandCzechiaDenmarkEstonia3,4732,5702,4693,7533,1043,1222,0971,8961,7861,732ItalySpainPoland2,3712,6631,97522Description:TheaveragetransactionpriceofnewhousinginEuropewasthehighestinNorway,whereasexistinghomeswerethemostexpensiveinAustria.SincethereisnocentralbodythatcollectsandtrackstransactionactivityorhousepricesacrossthewholecontinentortheEuropeanUnion,notallcountriesareincluded.Tocompiletheranking,thesourceweighedthetransactionpricesofresidentialpropertiesinthemostimportantcitiesineachcountrybasedondatafromtheirnational[...]ReadmoreNote(s):Europe;2022;Thesourcedoesnotexplaintheinclusionorexclusionofcertaincountries.Nodatawasprovided,forexample,fortheRepublicofIreland,AlbaniaorSanMarino;Thesourcedidnotuseofficialcountrynames,thishasbeen[...]

ReadmoreSource(s):DeloitteAveragetransactionpriceofanewdwellinginEuropein2022,bycountry(ineurospersquaremeter)AveragetransactionpriceofanewdwellinginEurope2022Averagetransactionpriceineurospermetersquared05001,0001,5002,0002,5003,0003,5004,0004,5005,0005,500AustriaGermany*France4,9254,8004,639Norway4,2044,1163,980NetherlandsUnitedKingdomCzechia3,753Ireland3,473DenmarkBelgium*Spain3,1043,1022,663Italy2,371Hungary2,30023Description:AustriahadthehighestaveragetransactionpriceofanewdwellinginEuropein2022atover4,900eurospersquaremeter.Germanyhadthesecondhighestaveragetransactionpriceat4,800eurospersquaremeter.BosniaandHerzegovinahadthelowestaveragetransactionpriceofthecountriesincludedwith1,200eurospersquaremeterduringthesameperiod.ReadmoreNote(s):Europe;2022;*Bidprice.**Olderdwelling.ReadmoreSource(s):EuromonitorAveragetransactionpricepersquaremeterfornewhousingunitsinselectedNorthernEuropeancitiesin2022(ineuros)TransactionpriceforthepurchaseofnewhousingunitsNorthernEuropeancities2022Averagepriceineurospersquaremeter02,0004,0006,0008,00010,00012,000Munich(Germany)Frankfurt(Germany)Oslo(Norway)11,4008,0007,5487,4007,300Hamburg(Germany)Berlin(Germany)Copenhagen(Denmark)Trondheim(Norway)Bergen(Norway)6,5045,0424,969Aarhus(Denmark)Odense(Denmark)4,1373,00724Description:TheaveragetransactionalcostpersquaremeterofanewdwellinginselectedNorthernEuropeancitiesvariedgreatly.Munichwasthemostexpensiveofthesecitiesinwhichtobuyanewdwelling,withonesquaremeterofinternalspacecostingabout11,400eurosonaverage.ReadmoreNote(s):Europe;2022Source(s):DeloitteAveragetransactionpricepersquaremeterfornewhousingunitsinselectedWesternEuropeancitiesin2022(ineuros)TransactionpriceforthepurchaseofnewhousingunitsWesternEuropeancities2022Averagepriceineurospersquaremeter02,0004,0006,0008,00010,00012,00014,00016,000Paris(inside)(France)London(inner)(UnitedKingdom)Amsterdam(Netherlands)Lyon(France)14,6229,1637,7756,310Brussels(Belgium)5,1384,844Marseille(France)Manchester(UnitedKingdom)TheHague(Netherlands)**Rotterdam(Netherlands)Antwerp(Belgium)4,1824,1254,0753,8733,622Ghent(Belgium)25Description:TheaveragetransactionalcostpersquaremeterofanewdwellinginselectedWesternEuropeancitiesvariedgreatly.Pariswasthemostexpensiveofthesecitiesinwhichtobuyanewdwelling,withonesquaremeterofinternalspacecostingabout14,622eurosonaverage.ReadmoreNote(s):Europe;2022Source(s):DeloitteAveragetransactionpricepersquaremeterforanewhousingunitsinselectedSouthernEuropeancitiesin2022(ineuros)TransactionpriceforthepurchaseofnewhousingunitsSouthernEuropeancities2022Averagepriceineurospersquaremeter01,0002,0003,0004,0005,0006,0007,000Barcelona(Spain)Lisbon(Portugal)Madrid(Spain)Milan(Italy)6,4795,2395,0694,122Rome(Italy)3,328Porto(Portugal)Alicante(Spain)Turin(Italy)2,9632,4892,00926Description:TheaveragetransactionalcostpersquaremeterofanewdwellinginselectedSouthernEuropeancitiesvariedgreatly.Barcelnawasthemostexpensiveofthesecitiestobuyanewdwelling,withonesquaremeterofinternalspacecostingabout6,479eurosonaverage.ParisandMunichwerethemostexpensivecitiesinWesternandNorthernEuroperespectively,costingover10,000eurospersquaremetertobuyanewdwelling.

ReadmoreNote(s):Europe;2022Source(s):DeloitteAveragetransactionpricepersquaremeterfornewhousingunitsinselectedCentralEuropeancitiesin2022(ineuros)TransactionpriceforthepurchaseofnewhousingunitsCentralEuropeancities2022Averagepriceineurospersquaremeterineuros01,0002,0003,0004,0005,0006,0007,000Vienna(Austria)Prague(Czechia)Linz(Austria)6,2844,9424,863Brno(Czechia)4,073Graz(Austria)3,705Budapest(Hungary)Warsaw(Poland)Zagreb(Croatia)Ostrava(Czechia)Krakow(Poland)Wroclaw(Poland)Lódź(Poland)2,8622,6822,5792,4632,3732,2051,7411,7101,582Debrecen(Hungary)Györ(Hungary)27Description:ViennawasthemostexpensivecityfornewresidentialrealestateinCentralEuropein2022,followedbyPragueandLinz.Theaveragetransactionpriceinthesecitieswasbetween4,800and6,300eurospersquaremeter.Győr,Łódź,andDebrecenwerethemostaffordableamongthecitiesunderobservation,withasquaremeterpriceoflessthan2,000eurospersquaremeter.

ReadmoreNote(s):Europe;2022Source(s):DeloittePercentagechangeonpreviousyearofresidentialpropertypricesintheEU-27countriesbetween2ndquarter2022and2ndquarter2023Housepriceindex(HPI)changeinEU-272023,bycountryYear-on-yearpercentagechange0%2%4%6%8%10%12%14%16%CroatiaBulgariaLithuaniaPortugalSloveniaPolandLatvia13.7%10.7%9.4%8.7%7.4%7%5.6%EstoniaMalta5%4.5%Spain3.7%CyprusHungaryIreland3.2%2.8%2.8%28Description:Thepriceofresidentialproperty(includingbothnewly-constructedandexistingproperty)inthesecondquarterof2023fellinmanyEuropeancountriesfromthesameperiodin2022.PricesrosethemostinCroatiaandBulgaria,whereasGermanyandDenmarksawthemostdecline.Overall,theindexfellby1.1indexpoint,meaningthattherewasadeclineofaboutonepercentofresidentialpricesin2015-thebaselineyearfortheindex.ReadmoreNote(s):Europe;Q22023;Thenumbersshownconcernchangestothehousepriceindex.Indexvalue2015equals100.Theyear2015isthebaseyearusedtocalculatetheindexvalue.Source(s):EurostatCHAPTER

04RentalcostsAveragemonthlyresidentialrentalcostpersquaremeterinselectedcitiesinEuropefrom2019to2022(ineurospersquaremeter)MonthlyrentpersquaremeterinEurope2021-2022,bycityMonthlyrentineurospersquaremeters2022152021051020253035DublinParisOsloLondon(inner)AmsterdamBarcelonaTrondheimGalwayMadridCopenhagenBergenCork30Description:In2022,themostexpensiveresidentialrentalmarketinEuropewasDublinwithrentalcostsofapproximately32.3eurospersquaremeter.ParisandOslofollowedwithrentalcostsof28.5and25eurospersquaremeter,makingthemthemostexpensiveresidentialrentalmarketsafterParis.Rentsincreasedacrossmostmarkets-atrendthatcouldalsobeobservedinthehousingmarket.

ReadmoreNote(s):Europe;2019to2022Source(s):DeloitteAveragemonthlyrentalcostofafurnishedprivateroominselectedEuropeancitiesin3rdquarter2023,bycity(ineuros)AveragerentalcostofprivateroominEuropeancities2023,bycityAveragecostofrentineuros01002003004005006007008009001,000AmsterdamMunich940895Köln845HamburgTheHagueBerlin800800770760750740720MilanRotterdamFrankfurtamMainParisBarcelonaBrussels635615600Lisbon31Description:Inthethirdquarterof2023,Amsterdamwasthemostexpensivecitytorent