European Capitals' Rent Prices: Ankara's Position Surprises

Rents across European capitals show a wide disparity, with a two-bedroom apartment in Geneva costing up to 3,350 Euros per month, while Skopje offers the lowest rent at 470 Euros. London is the only capital to surpass the 3,000 Euro mark, placing it second overall behind Geneva. Within the European Union, Dublin and Stockholm lead with average rents of 2,650 Euros, followed by Oslo at 2,550 Euros.

Mikk Kalmet, a real estate expert, explained to Euronews Business that local housing market dynamics are the primary driver of these rent differences. "In centers like Geneva, London, Dublin, or Stockholm, there is very strong demand due to highly paid employees, international companies, students, and new immigrants," he stated.

Among the capitals of Europe's four largest economies, Paris has the highest average rent at 2,500 Euros, followed by Berlin (1,750 Euros), Madrid (1,700 Euros), and Rome (1,650 Euros). Other cities exceeding 2,000 Euros include Copenhagen, Luxembourg, and Reykjavik.

In contrast, Balkan cities dominate the lower end of the list. Skopje is the cheapest at 470 Euros, with Pristina second at 520 Euros. Ankara, Turkey's capital, is the third cheapest at 770 Euros. Within the EU, Sofia (900 Euros) and Nicosia (910 Euros) have the lowest rents. Cities like Tirana (920 Euros) and Bucharest (930 Euros) also fall below the 1,000 Euro threshold. Many cities in Eastern and Central Europe, such as Belgrade (1,100 Euros) and Warsaw (1,300 Euros), have average rents between 1,100 and 1,300 Euros.

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The biggest reason for such different rents across Europe is that housing markets depend on local dynamics. In centers like Geneva, London, Dublin, or Stockholm, there is very strong demand due to highly paid employees, international companies, students, and new immigrants.